What will 500 pesos get you in Mexico?
What will 500 pesos get you in Mexico? For traveling (even on a backpacker budget) it is perhaps better to consider what 500 pesos (or $25 will buy). That is enough to rent a car for a way (minus non-specified expenses). It is also enough for dormitory accommodation in some of the cheapest hostels in Mexico City for two nights (around $8 per night).
Is 1000 pesos a good tip?
In small restaurants, some people tip 1000 pesos or less (about $ . 50 US); A few tip 2000 pesos (about $1 US). Most Colombians tip very little or not at all. In the finer restaurants, wealthy people tip more, about 10%.
Is it better to use cash or pesos in Mexico?
While some merchants in Mexico may accept US Dollars, it is not widely accepted and you may receive a poor exchange rate. It's recommended to use Mexican Pesos when in Mexico.
How much money should I take to Mexico for 5 days?
A comfortable daily allowance in Mexico is 70-150 USD per person. This will allow you to do a few more luxurious tours, eat at nicer restaurants, or stay at a mid-range hotel. For cash, bring 25-35 USD for each day of your vacation.
What is a good amount of pesos to bring to Mexico?
Follow the 25% rule regardless of how many days you will be in Mexico. For example, if your total budget for a seven-day vacation is 1500 USD, you should bring a total of 375 USD or 7,000 MXN. This totals about 50 USD in cash per day.
Should I get pesos from my bank?
Before your trip, exchange money at your bank or credit union, which likely offers better rates and fewer and/or lower fees. See if your bank or credit union will buy back any leftover foreign currency for when you return.
Is it better to pay in pesos or dollars?
Most businesses will take U.S. dollars, but it's better to convert your currency to pesos. You'll get better deals and it is the currency of Mexico. Many people get pesos from their bank at home before travel.
Can you live in Mexico with $500 a month?
Living in Mexico on $500 per month: Conclusion Just to recap, it IS possible to live in Mexico on $500 per month, but it is difficult. My top recommendation for where to live in Mexico on $500 per month is San Cristobal de las Casas because it's a beautiful city with lots of things to do and it's very inexpensive.
Is $10 a good tip in Mexico?
In Mexico, a good rule of thumb for tips is to leave 10-15% of the bill. 50 pesos would be a standard tip for a bill that was around 500 pesos. For example, if you go out for dinner and get drinks, you should expect to spend around 400 MXN. That would mean your tip would be between 40-60 MXN.
Is $500 alot in Mexico?
Is $500 dollars enough for Mexico? The good news is, in certain parts of Mexico it's still possible to live and travel on just $500 a month! It's even possible to live in Mexico comfortably on $500 per month, as long as you plan your trip correctly.
Is $1 a good tip in Mexico?
It is not necessary to tip an additional amount. A minimum of $1-$2 U.S. (20-40 pesos) per round of drinks is customary, or if you're running a tab, leave 15-20% of the total as a tip. Remember, if you are receiving Happy Hour half-price, tip on the regular pricing amount.
Can you live off $1000 a month in Mexico?
One can live in Mexico on $1,000 a month or even less quite easily. In fact, locals live on much tighter budgets. As a foreigner, you will see that pretty much everything costs less than in your home country. Rent, food, transportation and healthcare in Mexico are much cheaper than in the US, Canada or Western Europe.
How many pesos should I take to Mexico for a week?
So, how much spending money should I bring to Mexico? On a mid-range budget, you should expect to spend $110 USD ($2200 MXN) per person daily. This accounts for 3 meals a day, transportation fare, and one activity per day(tours, attractions,etc.). Add $10 USD ($200 MXN) if planning to drink alcohol.
Is it OK to tip in US dollars in Mexico?
Dollars or pesos? In most tourist areas in Mexico, it is acceptable to tip in either pesos or dollars, though pesos are more practical for the person being tipped. If you do tip in dollars, be sure to only tip using notes and not coins as coins cannot be exchanged.
How much usd should i bring to Mexico?
How Much Money to Take to Mexico for a Week? Follow the 25% rule regardless of how many days you will be in Mexico. For example, if your total budget for a seven-day vacation is 1500 USD, you should bring a total of 375 USD or 7,000 MXN. This totals about 50 USD in cash per day.