Do I need to have Mexican pesos when traveling to Cabo?

Travel Destinations

By Kristy Tolley

Traveling to Cabo San Lucas

Cabo San Lucas is a popular tourist destination located at the southern tip of the Baja California Peninsula in Mexico. It is known for its beautiful beaches, crystal-clear waters, and vibrant nightlife. If you are planning a trip to Cabo, one of the things you need to consider is the currency you will use while you are there. While US dollars are widely accepted, it is advisable to have some Mexican pesos on hand for certain transactions.

Currency in Cabo: Mexican pesos

The official currency in Mexico is the Mexican peso (MXN). The Mexican peso is subdivided into 100 centavos, with coins available in denominations of 5, 10, 20, and 50 centavos, and bills available in denominations of 20, 50, 100, 200, 500, and 1000 pesos. When you are traveling to Cabo, it is important to have some Mexican pesos on hand, especially if you plan to shop at local markets, eat at small restaurants, or take public transportation.

Why you need Mexican pesos in Cabo

While US dollars are widely accepted in Cabo, you may not always get the best exchange rate when you use them. Additionally, some merchants may not accept US dollars or may charge a higher price if you pay in dollars. Having Mexican pesos on hand will ensure that you can pay for things easily and without any hassle. Additionally, if you plan to take a taxi or use public transportation, you will need Mexican pesos as they do not accept US dollars.

Credit cards and debit cards in Cabo

Credit cards and debit cards are widely accepted in Cabo, especially at larger businesses and hotels. However, it is always a good idea to have some cash on hand in case of emergencies or if you encounter a merchant that does not accept cards. Before you travel to Cabo, it is important to notify your bank or credit card company of your travel plans to avoid any issues with blocked transactions.

Exchange rates and fees

When you exchange currency in Cabo, you will likely encounter fees and a less favorable exchange rate than you would get at your bank at home. It is recommended that you exchange currency before you travel or use an ATM in Cabo to withdraw Mexican pesos. If you use an ATM, be aware that you may incur fees from your bank and the ATM operator.

How to get Mexican pesos in Cabo

There are several ways to get Mexican pesos in Cabo. You can exchange US dollars or other currency at a currency exchange office or bank, use an ATM to withdraw pesos, or pay with a credit or debit card. It is always a good idea to compare exchange rates and fees before deciding on the best option.

ATMs in Cabo: Where to find them

ATMs are widely available in Cabo, especially in tourist areas. Look for ATMs at banks, shopping malls, and convenience stores. However, be aware that some ATMs may charge higher fees than others, so it is important to compare fees before using an ATM.

Currency exchange offices in Cabo

Currency exchange offices and banks are also available in Cabo. Look for exchange offices in tourist areas or at the airport. Be aware that exchange rates and fees may vary depending on the location and the amount of money you are exchanging.

Using US dollars in Cabo

US dollars are widely accepted in Cabo, especially at larger businesses and hotels. However, you may not always get the best exchange rate when you use US dollars, and some merchants may not accept them or may charge a higher price if you pay in dollars. It is always a good idea to have some Mexican pesos on hand.

Tips for handling money in Cabo

When handling money in Cabo, it is important to be aware of your surroundings and to keep your cash and cards secure. Avoid carrying large amounts of cash and be cautious when using ATMs or exchanging currency. It is also important to compare exchange rates and fees before deciding on the best option.

Conclusion: Preparing for your trip to Cabo

When traveling to Cabo, it is important to have some Mexican pesos on hand, especially if you plan to shop at local markets or take public transportation. Credit cards and debit cards are widely accepted, but it is always a good idea to have some cash on hand in case of emergencies. Before you travel, compare exchange rates and fees to decide on the best option for exchanging currency.

Additional resources for traveling to Cabo

For more information on traveling to Cabo, visit the official website of the Cabo San Lucas Tourism Board at https://www.visitloscabos.travel/. You can also check out travel guides and reviews on websites like TripAdvisor and Lonely Planet.

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Kristy Tolley

Kristy Tolley, an accomplished editor at TravelAsker, boasts a rich background in travel content creation. Before TravelAsker, she led editorial efforts at Red Ventures Puerto Rico, shaping content for Platea English. Kristy's extensive two-decade career spans writing and editing travel topics, from destinations to road trips. Her passion for travel and storytelling inspire readers to embark on their own journeys.

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