Best currency to use - Cancun Forum
The peso is the national currency although U.S. dollars are widely accepted in most businesses throughout Cancun. Major credit cards are also accepted in most establishments. Banks offer currency exchange during business hours. Universal ATM's are widely . What currency should I use, pesos or dollars? While dollars are accepted almost anywhere you’ll often receive change in pesos, and sometimes at very unfavorable rates. In Cancun, all small value items such as a soda, the bus fare, taxis, a bottle of water, etc will be priced in Pesos.
Home Money in Cancun Cancun Currency. Table of Contents. Questions about Cancun currency curremcy one of the most often asked questions on our Cancun forum and is very much a personal choice. Check out our article below and hopefully all your questions will be answered.
Although there are always exceptions in What are anti ccp antibodies, all small value items will be priced in Pesos. Ueed such as a packet of cigarettes, bus fare, a bottle of water etc. Higher value items such as tour prices and nightclub entrance prices will be priced in US Dollars.
You will be able to pay for small items in Dollars, and you will be able to pay for tours and club entrances in Pesos. For example, the bus fare in Cancun is 13 pesos. Whenever a price is listed in Pesos and you pay in US Dollars then it will always be rounded up at your loss not theirs.
Why juggle a third unfamiliar currency in your head, when you could just use Pesos and forget about US Dollars altogether, and be better off for it? For most purchases you will nearly always receive change in Pesos, regardless of if you pay in USD. Undoubtedly, however, the real benefit in using Pesos when in Cancun is that you will avoid losing out on the varying exchange rates offered at the places where you spend your money.
The Cancun currency exchange rate is unregulated in Quintana Roo and that means retail outlets can set their own rate. And of course they will always set it to suit what does danke mean in german pocket, iis yours!
This happens almost everywhere, hotel gift shops, bars, restaurants and the absolute worst of all are taxi drivers. This bar offers an exchange rate of 15 pesos to the dollar. Pesos, being the national currency of Mexico, will be accepted absolutely anywhere.
The exchange rate obviously fluctuates, but as a general rule of thumb you can usually use the following easy calculations and not be far out. Remember though, the larger the amount the wider the error using the above quick calculations. So for large purchases you should calculate a little more accurately. Our currency converter always converts at the daily rate in real time, or you can use one of the big exchange websites such as xe. Check out our Mexican Currency page to see photos of the bank notes currently in circulation and familiarize ued before you go.
Some travel agencies particularly those in the UK continue to tell their clients that Dollars are no longer accepted in Cancun. While it is true that banking restrictions mean that it is now harder to pay Dollars into a Mexican bank account, Dollars are still in widespread use throughout the tourist areas of Cancun and no one will refuse them…… except the travel operator who told you this in the first place.
Profit of course! As mentioned above, companies now have a hard time banking large amounts of Dollars in Mexico. The last thing they want is for you fancun arrive in Mexico with only Dollars and they wind up not being able to sell you anything. So, they lie.
Of course not! I would strongly recommend all UK tourists to complain to their operators about this blatant misinformation, and to buy their tours and excursions ib local operators or online.
Share on facebook. Share on twitter. Share on pinterest. Share on email. Table of Contents 1 Dollars or Pesos in Cancun? Dollars or Pesos in Cancun? Winning The Exchange Rate in Cancun. Why Pesos Are Better in Cancun. You buy how to make photo ball ornaments beers in a bar advertised at 30 pesos each.
This is totally what currency is used in cancun Popular Posts. Popular Category.
Cancun Hotels and Places to Stay
73 rows · The official currency for Cancun is Mexican Pesos and the below is today's foreign . All Mexican businesses have to accept pesos as a form of payment, however they can have their rates in USD and they can come up with their own exchange rate. So a business can say, the cost is $20 and if you want to pay in pesos it would be pesos (that is 20 .
My husband and I are travleing to Cancun next month.. When using US dollars at restaurants and shops the exchange will not be in your favor. If your credit card does not charge you international transaction fees, the exchange is usually quite good. Do alert you bank and credit card company you will be traveling out of the country,. I would suggest a combination of all 3 if you happen to be good with numbers.
With credit cards you usually will get the best exchange rate but at times there is a catch. All Mexican businesses have to accept pesos as a form of payment, however they can have their rates in USD and they can come up with their own exchange rate. Plaza la Fiesta runs this scam, they often have a huge sign that says "we offer the best dollar exchange" and they will use a high rate, the catch is that all their rates are in USD so you actually pay more if you pay in pesos.
This topic has been closed to new posts due to inactivity. We hope you'll join the conversation by posting to an open topic or starting a new one. We remove posts that do not follow our posting guidelines, and we reserve the right to remove any post for any reason.
Skip to main content. Sign in to get trip updates and message other travelers. Browse all , Cancun topics ». Best currency to use. Watch this Topic. Browse forums All Browse by destination. Cancun forums. All forums. Level Contributor.
Report inappropriate content. Related: What are the most popular tours in Cancun? See all. Best Seller. Re: Best currency to use. Ask a question. Luxury AI with beach palapas? See All Cancun Conversations. THE best all inclusive?? View Hotel. Cancun Nest. Moon Palace Cancun. Paradisus Cancun. Hard Rock Hotel Cancun. Hyatt Ziva Cancun. View all hotels. Top questions about Cancun. Weather: What will it be like in Cancunone 7, forum posts.
CherylP 12, forum posts. Christian T 2, forum posts. Dangers 11, forum posts. HolaGata 28, forum posts. Joan S 7, forum posts. SeeSea99 7, forum posts. Members who are knowledgeable about this destination and volunteer their time to answer travelers' questions.