Cabo’s reputation has seen rapid growth over the years, leading as one of Mexico’s best, and the jewel of the Eastern Pacific. With all its saturated tourism culture, and with good reason, it’s not a surprise you can do so much while spending so much.
However, a word to the wise; it’s best to know where, how, and how much you spend your well-earned vacation money.
What currency is used in Cabo?
Cabo, and all of Mexico, uses the Mexican Peso. Exchange rates may vary from time to time depending on the global market currency at the time of your conversion or withdrawal.
You can change money at Casas de Cambio or Money Exchange Houses all over Mexico. These houses are open for long hours and provide quick service. However, be wary as their conversion rates might be a bit different than those in the bank.
It’s best to have your money exchanged at your local bank’s money exchange booths before coming, to avoid mishaps during transactions in going to Cabo. ATMs are also another way to get the local currency which visitors can easily access, from VISA, MasterCard, Cirrus, and PLUS.
Can I use US dollars in Cabo?
US Dollars are widely accepted all over Mexico, especially in tourist hotspots like Cabo. However, beware of bad exchange rates in Casas de Cambio or Money Exchange Houses, they might put you at a disadvantage. Establishments that accept dollars might also charge a higher rate.
Visitors who have been to Mexico recommend getting Mexican Pesos in advance or get them from ATMs in the areas your visiting.
Do I need pesos in Cabo?
While dollars are widely accepted, it’s best to have pesos already on hand. This will prevent you from paying for higher rates from establishments and money exchange houses.
You can acquire Mexican pesos from banks and ATMs which typically use the right exchange rates for your dollars.
Should I get pesos before going to Cabo?
It is highly recommended to get pesos before going to Cabo as the exchange rates are at the proper amount, compared to the rates that establishments and money exchange houses charge in Mexico. You can get Mexican pesos from banks’ money exchange booths or straight out of the ATMs, as these accept VISA, MasterCard, Cirrus, and PLUS.
How many pesos should I bring to Cabo?
For a week, it’s best to start off with 1,000 to 5,000 Mexican pesos or 50 to 250 US Dollars a week for a single person, given that you will mostly spend it on food, transportation, a little bit of shopping, and some partying.
However, you can never know what you’re going to be interested in once you get to Cabo, its best to keep a note of the currency exchange rates, and the prices in the area before you go. Cabo can be quite expensive and you’ll never know what you’re going in for.
It’s best to have a smaller amount of pocket money when going to Cabo, and once your there, you can withdraw more from ATMs in the area, depending on how much you might need for the next few days.
Is it better to use pesos or American dollars in Cabo?
It’s advisable to have your US dollars exchanged for Mexican pesos in advance, to avoid being at a disadvantage when paying for things upfront using US Dollars. Many establishments and money exchange houses charge higher rates.
If you don’t plan to bring peso going to Cabo, you can always use ATMs around the area to get Mexican peso denominations, as rates used by ATMs are correct.
Can I use my credit card in Cabo?
Using credit cards is advisable than debit cards and cash in US Dollars. However, make sure your credit cards are usable overseas, contact your credit card’s issuing bank beforehand, and inform them that you will be using it for overseas transactions.
Can I use my debit card in Cabo?
Debit cards can be used for ATMs and other purchases given that you inform your bank in advance. However, it’s discouraged in general as debit cards won’t have enough protection against fraud, and it can happen in any country you visit.
Another detail is that it’s better to withdraw from ATMs in banks and malls, rather than stand-alone ATMs, reports have seen scanning devices in ATM card slots that could acquire a debit card’s information and may be sued in fraudulent activities.
Should I take cash to Cabo?
It’s best to have cash before coming. Make sure it’s in Mexican pesos to have smoother transactions in Cabo. Bring enough cash to last at least the first day you’re in Cabo and withdraw only from ATMs in banks and malls for safety.
How much cash should I bring to Cabo?
It depends on how much you plan to spend on a day, it’s important to have an idea of your spending and budget so that you can estimate the needed cash to bring. Limit your spending to 1,000 to 5,000 pesos or 50 to 250 dollars for a week.
How much money do you need for Cabo?
It will always depend on how much you plan to spend for a day or a week. It’s best to estimate your budget by researching prices prior. Cabo can be pretty expensive compared to other places like Puerto Vallarta, or Tulum. But there are always ways to go cheap without sacrificing experience in Cabo.
How much money should I take to Cabo for a week?
To have wider spending capacity, you can bring around 250 US Dollars or 5,000 pesos for a week’s worth in Cabo. However, you can always find prices cheaper than 250 US Dollars once you get to Cabo.
How much do you tip in Cabo?
Tipping for service workers depends on the nature of the business and their job. Housekeeping staff or maids can be paid 13 pesos and above for their service. Waiters and waitresses take their tip from the total bill’s service charge, which is 15% to 20%.
Make sure the service charge hasn’t been added to the bill, although in most cases in resorts service charges are included.
What is the minimum wage in Cabo?
The recent wage hike has given workers a minimum wage of 123.22 Mexican Pesos (6.25 US Dollars).
How much does it cost for a trip to Cabo?
Ticket prices to Cabo coming from the US or Canada can typically range from 80 to 200 US Dollars, depending on the season, city of origin, and airline.
While hotel bookings range from 100 to a whopping 1,500 US Dollars, also depending on the booking season. A weekly budget can cost from 1,000 to 5,000 pesos or 50 to 250 US Dollars per person.