What's the best currency to use in Cancun?
What's the best currency to use in Cancun? There are two accepted currencies in Cancun, US Dollars and Mexican Pesos. If you have to choose one my advice is to choose Pesos. However, there are some situations where US Dollars work better for you.
Is it better to bring pesos or USD to Cancun?
Should I exchange money before I travel to Cancun? Speaking of cash, yes, you'll want to exchange your currency for Mexican pesos before traveling to Cancun. You'll get a better rate from your local bank or credit union than you'll find at the airport once you've arrived in Mexico.
What will $1,000 pesos buy in Mexico?
One thousand good Mexican pesos have the purchasing power of about $50 U.S.A. dollars. You might get a nice dinner for three, or a tankful of gasoline (gasoline is expensive there), or a bus ticket to a major city, or a night in a cheap hotel.
What is the best way to use money in Cancun?
Pesos, being the national currency of Mexico, will be accepted absolutely anywhere. US dollars will be accepted throughout the Cancun Hotel Zone, but the further you venture into 'real Mexico' the more problems you may find in using USD for everyday purchases.
Should I get pesos before Cancun?
The short answer is ABSOLUTELY YES, you need Mexican Pesos. You will need pesos for tips, souvenirs shopping, transportation like taxi/buses, tours, bar/restaurants, etc.
How much cash should I take to Cancun for a week?
I agree with $1,500-$2,000 with the activities you are planning. I usually bring the equivalent of $500 USD converted to pesos, along with another $1,000 in cash. If you estimate $100 per person per excursion (some will cost more, some will cost less), plus extra for tips and souvenirs, you should be good.
Can I get pesos at Cancun airport?
The first option you will have to exchange money is the International Airport of Cancun but even when you can find a great exchange rate beware of high transaction charges. You can obtain better local currency outside the airport and your hotel so just exchange money there unless you have no other choice.
What is the best way to exchange money before going to Mexico?
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 $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 it better to bring pesos or usd to Mexico?
The best currency to take to Mexico is the local currency, the Mexican peso. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Mexico is to use a multi-currency travel debit card like Revolut or Wise.
Is it better to carry cash in Cancun?
Cash is a necessity in Cancun, given that many restaurants and gift shops don't accept credit cards. Like many other airports around the world, the Cancun airport is jam-packed with money exchange kiosks looking to convert your money into Mexican pesos.
Is it better to use cash or credit card in Mexico?
Preparing your travel money options beforehand is the key to a stress-free vacation. Credit cards, debit cards, prepaid travel cards and cash are all accepted in Mexico. Outside of a few purchases like transportation fare or local shops, a credit card will be your best bet for everyday purchases.
Should I buy pesos before going to Mexico?
It's recommended that you buy pesos before you land in Mexico, just in case you need the cash. According to this USA Today article, the most economical way to do this is to buy pesos from your bank in the U.S. Most banks will do this for free, especially if you're not withdrawing a significant amount of money.
How much $$ should I bring for tips in Cancun?
On average Waiters in Cancun earn around $2.17 an hour + Tips. It's customary to tip from 10-20% depending on the size of the Bill and the quality of service. Always check your Bill before tipping as some restaurants will automatically add a service charge to your Bill.