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Do I Need To Bring Pesos To Cabo?

Should I Bring Pesos To Cabo?

Do I need to bring pesos to Cabo? This is one of the most common questions travelers have. Why? Because it’s confusing! Every place has their own exchange rate and every exchange place also has their own exchange rate.

Whether you want to buy some souvenirs, taste some authentic Mexican food, or take a trip up to San Jose del Cabo, you’re going to need pesos. While most places in Cabo will accept USD, it is almost always better, and cheaper,  to just pay with pesos. The exchange rate changes constantly, and while the dollar might be worth more one day than the next, on a long trip you’ll end up spending less by paying with local currency.

What Is The Best Currency To Use In Cabo San Lucas?

The best currency to use in Cabo San Lucas is Mexican pesos (MXN). While you can exchange your money into U.S. dollars, the exchange rate is less favorable than if you were to convert it into MXNs. While most stores and restaurants will accept U.S. dollars, many will convert your purchases back into pesos before giving you your change.

How Much Money Should I Bring To Cabo?

Consider these numbers the next time you plan your trip budget to Cabo: The average (in USD) 7-day vacation in Cabo San Lucas will cost $2,200 for a single person, $4,500 for a couple, and $8,000 for a family of four. Cabo San Lucas accommodations start at $50 per night at budget hotels and top out at $480 per night for a luxury five star hotel. Some vacation rentals in Cabo will cost $180 to $1000 (and up) per night for an entire luxury villa. It really depends on what sort of experience you are looking for.

Cabo San Lucas is one of our most popular destinations for Mexican vacations, in part because it provides so many opportunities to get out on the water. So whether you’re ready to fish, swim, snorkel or just lie back and soak up the sun, you’ll want to make sure you’ve got enough spending money for your trip. The average daily price per person, not including airfare and accommodations, is around M$1,882 ($92 USD).

How Do You Get Pesos In Cabo?

If you are traveling to Los Cabos, Mexico and interested in purchasing Mexican pesos, then here are some things you should know. In Cabo San Lucas, ATM machines offer the best bang for your buck but they require debit cards with 4-digit pins. These machines can be found throughout the city and accept US dollars. Coming up with cash is pretty easy because currency exchange houses give preferable rate exchanges and are located in Cabo San Lucas and San Jose del Cabo.

Ultimately, your personal bank or credit union is your best bet for exchanging foreign currency. Before you leave on your trip, ensure the following:

  • Exchange your money at your personal bank or credit union;
  • When abroad, use your personal financial institution if possible;
  • Advise your financial institution of your upcoming trip so your account won’t be affected due to unusual charges.

When you’ve come back home from the trip of a lifetime, you can see if your bank or credit union will buy back any leftover foreign currency!