Planning a trip to Cabo San Lucas, Mexico, can be exciting and overwhelming at the same time, especially if you’ve never been there. One of the most common questions people have when traveling to a foreign country is what currency is used, and do they have to bring cash?
In this blog post, I’ll address those concerns and provide you with helpful tips to make your trip enjoyable and stress-free.
The Peso
The official currency of Mexico is the Mexican Peso (MXN). However, the US dollar is widely accepted in Cabo San Lucas. Most hotels, restaurants, and shops accept both pesos and US dollars. If you decide to use dollars, make sure they are in good condition and not torn or damaged; otherwise, they won't be accepted.
Keep in mind that the exchange rate you'll get in Cabo may not be as favorable as you'd expect, so make sure to check the current exchange rate before you travel.
Cash
While credit cards are accepted in many places, it's still a good idea to carry some cash with you. You may need it for tips, public transportation, or shopping at local markets where credit cards are not accepted. My recommendation is to get dollars out for tips before your trip and once while you're in Cabo. Be sure to keep only what you need on you and the rest of your cash in the safe.
Money Exchange
When exchanging money or withdrawing from an ATM, you'll need to provide your passport. This is a standard procedure, so don't be surprised when asked. One important thing to keep in mind is that the exchange rate you'll get in the airport may not be as favorable as other places in Cabo. It's always a good idea to shop around for the best rates.
Foreign Transactions Fees
If you're planning on using an ATM, make sure to check with your bank about foreign transaction fees. Some banks charge a percentage of the withdrawal amount or a flat fee for using an ATM outside of the US. To avoid any surprises, it's a good idea to find out about these fees in advance.
Recap
Cabo San Lucas accepts both pesos and US dollars. While credit cards are widely accepted, it's still a good idea to carry some cash with you. It's always a good idea to shop around for the best exchange rate and check with your bank about foreign transaction fees before traveling. And finally, they need your passport every time you exchange money or use an ATM, so make sure to have it handy.
With these tips in mind, you can now enjoy your trip to Cabo San Lucas stress-free!
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