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Spending Money in Cabo: Are You Better Off With Dollars or Pesos?

Date Published: 1/19/2014

Ten years ago you could count on an exchange rate of ten to one. Just take a zero off the peso price. Easy math. Not so any more. The exchange rate fluctuates between 12 and 13.50 and even that can change rapidly. What does the higher exchange rate mean? You get more pesos for your dollar now than you did ten years ago. Don’t get too excited though, in most cases prices in pesos have risen to match. So the question remains, a question that befuddles many a Cabo visitor: Should I pay with dollars or exchange them for pesos? The simple answer? Yes! Almost all establishments in Cabo will gladly take your money in whatever form you’re willing to spend it. Whether you’re shopping at Walmart or Mega or Costco, dining at a fine restaurant or a simple taco stand, filling up the tank on your rental car or paying for a taxi to town, no one will turn away your dollars. But don’t be surprised if you get a different exchange rate in each case.

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