Spending Money in Mexico: Practical Tips for Travelers
If you’re planning a Mexico adventure, the first question most people ask is: how far will my cash go? The good news is that a peso can stretch a long way if you know the tricks. Below you’ll find the basics – from swapping your dollars to cutting everyday costs – so you can focus on the beach, the tacos, and the ruins instead of worrying about bills.
Know the Currency and Exchange Rates
Mexico uses the peso (MXN). Most places accept US dollars, but the rate they offer is usually worse than what you get at a bank or an ATM. The safest move is to withdraw pesos from an ATM once you land. Look for machines that belong to major banks (Banorte, BBVA, Santander) and avoid those inside crowded tourist spots – they often add hidden fees.
Before you go, check the current exchange rate on a reliable site and set a mental “fair” rate. If the ATM offers a rate within 2‑3% of that number, you’re good. Anything higher, walk away and try another machine. Also, let your card issuer know you’ll be traveling; it cuts down on surprise declines.
Smart Ways to Save on Food, Transport, and Activities
Food is where you can save the most without missing out. Street tacos, local markets, and family‑run eateries serve authentic dishes for a fraction of restaurant prices. A taco costs about 10‑15 pesos, while a dinner at a mid‑range spot can be 200‑300 pesos. Ask locals for their favorite stalls – they’ll point you to the best bites.
Transport is another easy win. Buses are cheap and cover almost every city and town. In larger cities, the metro or local bus is under 10 pesos per ride. If you need a taxi, use an app like Uber or Didi; they’re safer and usually cheaper than hailing a cab on the street.
When it comes to attractions, look for free or low‑cost options. Many museums have free days, and natural sites like beaches or cenotes only charge a small entrance fee. Buying tickets online in advance can also shave off a few pesos and skip the lines.
Lastly, keep an eye on hidden costs. Some hotels add a “tourist tax” to your bill – it’s a small extra, but it adds up. Credit cards may charge foreign transaction fees; a no‑fee card saves you up to 3% on every purchase.
Bottom line: plan to use pesos for everyday stuff, swap only what you need, eat local, and stick to public transport. With these habits, your Mexico budget will feel generous, letting you enjoy more of what the country offers without cracking open your wallet every hour.
