Planning a trip to Mexico and wondering how much money you’ll need? Pesos can be confusing for first-time travelers to Mexico. You want to make sure you have enough spending money to cover your whole vacation without going overboard.
If you’re short on time, here’s a quick answer to your question: Bring $100 to $200 USD per day you’re visiting Mexico. This equals roughly 2,000 to 4,000 Mexican pesos depending on the current exchange rate.
In this comprehensive guide, we’ll cover everything you need to know about getting, exchanging, and using Mexican pesos during your upcoming trip.
How to Get Mexican Pesos Before Your Trip
When planning a trip to Mexico, it’s important to consider how you will obtain Mexican pesos before you go. While some businesses in tourist areas may accept U.S. dollars or credit cards, having local currency will make your transactions smoother and ensure you can make purchases wherever you go.
Here are three popular methods to get Mexican pesos before your trip:
Order Pesos Online Before You Go
One convenient option is to order Mexican pesos online before you leave for your trip. There are several reputable websites that allow you to purchase foreign currency and have it delivered directly to your doorstep.
This method allows you to secure a competitive exchange rate and avoid the hassle of finding a currency exchange office upon arrival in Mexico. Plus, you can plan your budget more effectively by knowing exactly how much money you will have in pesos.
Withdraw Pesos at an ATM in Mexico
If you prefer to have cash on hand, you can withdraw pesos at an ATM once you arrive in Mexico. Most major airports and tourist areas have ATMs that dispense pesos. Before your trip, check with your bank to ensure your debit or credit card can be used internationally and inquire about any fees associated with foreign transactions.
Keep in mind that while this method is convenient, it’s a good idea to have some pesos with you before leaving your home country to cover immediate expenses upon arrival.
Exchange Currency at the Airport or Your Hotel
Another option is to exchange your currency for pesos at the airport or your hotel. While this may be convenient, it’s important to note that exchange rates at airports and hotels are often less favorable compared to other methods. Additionally, there may be higher fees involved.
If you choose this option, it’s a good idea to only exchange a small amount of money to cover immediate expenses and find a local bank or currency exchange office for better rates during your stay.
It’s always a good idea to research the current exchange rates and fees associated with each method before making a decision. Consider the convenience, exchange rates, and fees to determine the best option for your needs.
Remember, having some Mexican pesos on hand will ensure a smoother and more enjoyable trip, allowing you to fully immerse yourself in the vibrant culture and experiences that Mexico has to offer.
How Many Pesos Should You Bring Per Day?
When planning a trip to Mexico, it’s important to have a good understanding of how much money to bring with you. This will ensure that you have enough funds to cover your expenses and enjoy your time in this beautiful country. So, how many pesos should you bring per day? Let’s break it down.
100 – 200 USD Per Person Per Day
If you’re looking to have a comfortable and enjoyable trip to Mexico, it is recommended to budget around 100 – 200 USD per person per day. This amount will allow you to have a great time, dine at local restaurants, visit tourist attractions, and have some extra spending money for souvenirs.
Keep in mind that this is just a rough estimate, and your actual expenses may vary depending on your preferences and travel style.
More Pesos for Luxury Resorts or Activities
If you’re planning to stay at luxury resorts or indulge in high-end activities such as spa treatments or private tours, you might need to bring more pesos with you. These types of accommodations and activities usually come with a higher price tag, so it’s important to budget accordingly.
Less for Budget Travelers or All-Inclusive Resorts
If you’re a budget traveler or planning to stay at an all-inclusive resort, you might be able to get by with bringing less pesos. All-inclusive resorts often include meals, drinks, and some activities in their package, so you won’t need to spend as much on daily expenses.
Budget travelers can also find affordable accommodations, street food, and local transportation options, allowing them to stretch their pesos further.
It’s important to note that the exchange rate between your currency and the Mexican peso can fluctuate, so it’s a good idea to keep an eye on it before your trip. Additionally, remember to carry a mix of cash and credit cards for convenience and security.
By considering these factors and doing a bit of research, you can determine how many pesos to bring per day that suits your travel style and budget. This will ensure that you have a fantastic time exploring Mexico’s vibrant culture, delicious cuisine, and stunning landscapes.
Tipping and Paying in Pesos
When traveling to Mexico, it’s important to understand the local customs and practices when it comes to tipping and paying in pesos. Here are some key points to keep in mind:
Have Small Bills for Tips
It is customary to tip in Mexico, and having smaller bills on hand will make it easier to give appropriate gratuities. While larger establishments may accept credit cards, many smaller establishments, such as local restaurants, street vendors, and taxis, may only accept cash.
Having small bills, like 20 or 50 pesos, will ensure that you can provide a fair tip without any inconvenience.
Know When Pesos Are Required
While some tourist areas may accept U.S. dollars or credit cards, it is generally recommended to have pesos for most transactions. This is especially true when visiting local markets, smaller shops, or taking public transportation.
Using pesos not only simplifies the transaction process but also helps support the local economy. It’s always a good idea to exchange some currency before your trip or withdraw pesos from ATMs once you arrive.
Using Credit Cards in Mexico
Credit cards are widely accepted in larger establishments, hotels, and restaurants in popular tourist areas. However, it’s important to note that some places may charge an additional fee for credit card transactions, or they may only accept certain types of cards.
It’s a good idea to inform your bank or credit card company about your travel plans to avoid any potential issues with your card while in Mexico. Additionally, it’s always a good idea to carry some cash as a backup in case of any unforeseen circumstances.
Where to Exchange Currency in Mexico
When traveling to Mexico, one of the first things you’ll need to consider is how to exchange your currency for Mexican pesos. Fortunately, there are several options available for currency exchange in Mexico. Here are some of the most common places where you can exchange your money:
Many travelers prefer to exchange their currency at the airport upon arrival. While this option is convenient, it’s important to note that airport exchange rates tend to be less favorable compared to other locations.
If you decide to exchange your money at the airport, it’s a good idea to only exchange a small amount for immediate expenses and exchange the rest at a more favorable location later on.
Banks are a reliable and secure option for exchanging currency in Mexico. Most major banks offer currency exchange services, and their rates are generally competitive. However, it’s worth noting that banks may have limited operating hours, especially on weekends, so it’s important to plan accordingly.
Exchange Offices (Casas de Cambio)
Exchange offices, also known as casas de cambio, are specialized establishments that focus solely on currency exchange. They can be found throughout Mexico, particularly in tourist areas. Casas de cambio usually offer competitive rates and convenient operating hours, making them a popular choice among travelers.
Many hotels in Mexico offer currency exchange services for their guests. While this may be convenient, it’s important to be aware that hotel exchange rates are often less favorable compared to other options.
If you’re staying at a hotel and need to exchange currency, it’s recommended to only exchange a small amount for immediate needs and find a more favorable exchange location for larger transactions.
ATMs are a convenient option for currency exchange in Mexico. They can be found in most cities and tourist areas, and they generally offer competitive exchange rates. However, it’s important to check with your bank regarding any international withdrawal fees and to inform them about your travel plans to avoid any issues with your debit or credit cards.
We hope this guide gave you a good overview of how to get, use, and manage Mexican pesos on your upcoming trip. With the right amount of pesos budgeted per day, plus some backup funds on a credit or debit card, you’ll be set to enjoy your time in Mexico without any money worries.
Safe travels, and be sure to spend those beautiful pesos on lots of great food, drinks, souvenirs, and experiences!