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Spending time in Tulum is one special experience – from the picturesque beaches and the incredible cenotes to the enchanting Mayan ruins deep within its lush jungle, it’s a destination in the Riviera Maya that will definitely captivate you! After two years of calling it home, Tulum stole our hearts. We’ve compiled some fantastic tips to help make your stay both enjoyable and affordable!

When traveling to Tulum, one of the most important things to consider is currency conversion. Getting the most out of your dollar-to-peso exchange can make a huge difference in upgrading your experience without overpaying. And trust us, the airport is not the best option for getting a good exchange rate. But fear not, as we have some tips and tricks up our sleeves to help you crack the currency conversion code!

* Before diving into the article*, did you know there’s a FREE concierge service you can use? Our friend Virginia is a local guide and expert offering insider tips to make the most of your experience! Contact her on Whatsapp and get ready for having the best adventure in Tulum!

FROM USD TO MXN PESOS - HOW TO CONVERT IT

Keep in mind that exchange rates can fluctuate depending on the date and time, but these conversion rates will give you a good idea of how much your money is worth:

  • 20 MXN pesos = $1 USD
  • 100 MXN pesos = $5 USD
  • 500 MXN pesos = $25 USD
  • 1000 MXN pesos = $50 USD
  • 2000 MXN pesos = $100 USD

Converting dollars to Mexican pesos (and vice versa) can be easily done using the following tips and tools:

  1. Exchange Offices: Look for authorized exchange offices or banks in Tulum that offer currency exchange services. These establishments will provide you with the current exchange rate and convert your dollars to Mexican pesos or vice versa. Compare rates at different locations to ensure you get the best deal.
  2. ATMs: Withdrawal from ATMs is another convenient way to convert your dollars to Mexican pesos. Look for ATMs that accept international cards and offer the option to withdraw in Mexican pesos. However, keep in mind that some ATMs may charge additional fees for foreign card transactions.
  3. Online Currency Converters: Use reliable online currency converters to check the current exchange rate between dollars and Mexican pesos. Websites like XE.com, OANDA.com, or currency exchange apps provide real-time exchange rates and convenient conversion tools. However, note that the rates provided online may not include any fees or commissions that exchange offices or banks may charge.
  4. Credit Cards: Many establishments in Tulum accept major credit cards. If you use your credit card for purchases, the conversion from dollars to pesos will be done automatically by your credit card company, typically at a competitive exchange rate. However, be aware that some credit card companies may charge foreign transaction fees.
  5. Local Merchants: Some local merchants, especially in tourist areas, may accept U.S. dollars as payment. However, this is not guaranteed everywhere, and the exchange rate they offer may not be as favorable as official exchange services. It’s advisable to carry Mexican pesos for most transactions.

Remember to consider any fees, commissions, or exchange rate differences when converting currencies. It’s a good idea to compare rates, check for any additional charges, and plan your currency conversion ahead of time to ensure you get the best value for your money.

Currency Exchange Options in Tulum

Discovering the best currency exchange options in Tulum is key to ensuring a smooth and hassle-free experience during your visit. Whether you’re looking to convert dollars to Mexican pesos or vice versa, Tulum offers a range of convenient solutions to meet your needs. From exchange offices and ATMs to credit card usage and local merchant options, exploring the currency exchange landscape will help you make the most of your financial transactions. Let’s delve into the various currency exchange options available in Tulum, empowering you to navigate with confidence and maximize the value of your money.

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ATM - AVOID OVERPAYING WHEN USING THEM

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CHEAPEST ATM TO GET MONEY IN TULUM

Sometimes the ATMs in Tulum Hotel Zone or Beach Zone run out of money, so it’s a good idea to consider ATMs in Tulum Center. 

Super Aki grocery store have only a 30 MXN pesos fee for pulling money out. The maximum is 4,000 MXN pesos. However, if you want to get more money, we would recommend you to go to Chedraui Supermarket, where you can get up to 7,000 MXN pesos at a time. They have a HSBC ATM, and the pull is 80 MXN pesos. So it’s a good idea if you need a bit of extra cash for your Tulum adventure! 

Our experience: We always try to have some MXN pesos handy, so if we are planning a short trip or we know we are just not in the mood of visiting an ATM, we just withdraw some money from Chedraui Supermarket. The fee is not as bad, and it’s also a good idea to keep the extra cash in case of an emergency. Plus, you can find lots of other things at the supermarket!

Currency Exchange Offices: USD TO PESOS IN TULUM - TIPS & TRICKS

Before you head off to Tulum, let us give you some insider tips on how to be a smart currency converter. First things first, it’s nice to do some research and check the current exchange rates to know what to expect. Second, don’t fall for the traps of high fees at airports or hotels. Instead, seek out reputable currency exchange offices or ATMs that we recommended to you, the ones that charge as few fees as possible. 

Moreover, and pretty important, don’t forget to keep some cash on you, just in case. Some of the smaller establishments in Tulum might only accept cash payments, so it’s always good to have some handy.

By following these simple hacks, you’ll be able to make your budget last longer and indulge in all the amazing things that Tulum has to offer. The pristine beaches, the colorful culture, and the mouth-watering cuisine. Tulum really has something for everyone, and you won’t want to miss out!

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CREDIT CARD OR CASH? - PAYING IN TULUM

When you’re in Tulum, most big places like restaurants and hotels are totally okay with you paying by credit card. However, small shops or local spots usually only take cash. If you want to get the best bang for your bucks, we recommend you to have some MXN pesos with you.

Local Currency Usage in Tulum

In Tulum, the local currency of choice is the Mexican peso (MXN), and it is widely accepted throughout the area. While some establishments may accept U.S. dollars, it is recommended to have Mexican pesos on hand for most transactions. You can easily exchange your currency at authorized exchange offices, banks, or ATMs, which are conveniently located throughout Tulum. Keep in mind that smaller establishments may only accept cash, so it’s wise to carry a reasonable amount of pesos with you. Embracing the local currency not only allows you to experience Tulum’s authentic culture but also ensures smoother transactions and better value for your money. Immerse yourself in the vibrant local markets, savor traditional cuisine, and enjoy the convenience of local currency usage as you explore the enchanting wonders of Tulum.

But let’s discover now the tipping culture in Tulum!

Understanding Tipping Culture

Understanding tipping culture is essential when immersing yourself in the cultural experiences of Tulum. In Mexico, tipping, or “propina,” is a common practice and an important way to show appreciation for good service. In restaurants, it is customary to leave a tip of around 10-15% of the total bill, although some establishments may include a service charge. Tipping hotel staff, tour guides, taxi drivers, and other service providers is also appreciated. However, it’s always a good idea to check if a service charge has already been included. While tipping is not obligatory, it is customary and a way to acknowledge the hard work and dedication of those who serve you. By embracing the tipping culture in Tulum, you can actively contribute to the local economy and establish meaningful connections with the people who make your experience truly memorable.

Safety and Security Considerations

When it comes to safety and security considerations, Tulum takes pride in being a welcoming and secure destination for visitors. However, like any other place, it’s important to remain vigilant and take necessary precautions. Ensure that you keep your personal belongings, such as passports, wallets, and electronics, secure at all times. Avoid displaying expensive jewelry or carrying large amounts of cash. It is recommended to use reliable transportation services, such as registered taxis or ride-sharing apps, especially when traveling at night. Stick to well-lit and populated areas, particularly in the evenings. While Tulum generally has a low crime rate, it’s always wise to stay informed about any local safety guidelines and adhere to them. By staying attentive and proactive about your safety, you can fully enjoy the wonders of Tulum with peace of mind.

Carrying and Storing Cash

Additionally, when it comes to carrying and storing cash, it is advisable to distribute your money across multiple secure locations such as a money belt, a hidden pouch, or a secure pocket. Consider using a hotel safe or a lockbox to store excess cash and valuable items. It’s also wise to carry small denominations of Mexican pesos for convenience and to avoid drawing unnecessary attention. By being mindful of how you carry and store your cash, you can minimize the risk of loss or theft and ensure a worry-free exploration of Tulum.

TIPS FOR BUDGETING YOUR TRIP: Maximizing Your Money in Tulum

Stay in a hostel or Airbnb

Tulum has a variety of accommodation options, but if you’re on a tight budget, staying in a hostel or Airbnb can save you a lot of money. Hostels often offer private rooms as well as dorms, so you can still have privacy if you want it. Airbnb can also be a great option if you’re traveling with a group and can split the cost of a rental.

Eat like a local

Tulum has plenty of restaurants serving up delicious food, but eating out can get expensive. To save money, try eating like a local. Look for street food vendors and small family-owned restaurants, which often have lower prices than the more touristy spots. And don’t be afraid to try new things! You might discover a new favorite dish.

Pay with Mexican Pesos

When traveling in Tulum, it’s best to pay with Mexican pesos instead of US dollars. Many places, especially smaller establishments, may not accept USD, and even if they do, they may offer a poor exchange rate. 

Rent a car with Virginia

During our time in Tulum, we often found ourselves in need of a reliable car rental company to take short trips to nearby cities, as public transportation didn’t always meet our needs. After doing some research, we discovered the best and most affordable car rental service in the area – contact them on WhatsApp to book a car now before your trip – Good luck on your own dreamy short trips! 

Take Advantage Of Free Concierge Service

As excellent to explore Tulum and its surroundings alone, you may need help figuring out where to start. To make the most of your money and time, contact Virginia and Kelly - two incredible Mexican girls living in Tulum for more than 15 years. They're familiar with the ins & outs of the Tulum town and hotel zone like the back of their hand! 

Since we arrived in Tulum 2 years ago, many adventures wouldn’t have been possible without their help - they know literally everybody in Tulum and can perfectly organize every moment of your stay. Get the best tables, skip queues and get on the guest list of the coolest places in Tulum - this’s only the beginning! 

They are ready to offer you guys FREE concierge service in Tulum for the time of your stay: take advantage of it, contact them on Whatsapp and live the best experience!

“Virginia Will Transform You In A Tulum Insider”

FAQ about Currency Exchange in Tulum

Is it better to have USD or MXN pesos for Tulum?

It may be convenient to have MXN pesos in Tulum, so you can get better deals. However, some tourist places will accept USD too. 

What is the currency used in Tulum?

The official currency of Mexico is the Mexican Peso (MXN). However, US Dollars are widely accepted in Tulum, especially in tourist areas.

Is it better to exchange currency at home or in Tulum?

It’s generally better to exchange currency at home before you leave for your trip. This way, you can shop around for the best exchange rates and avoid the extra fees charged by currency exchange services in Tulum.

Is it safe to carry cash in Tulum?

Tulum is generally a safe place to travel, but it’s always a good idea to take precautions when carrying cash. Keep your cash in a secure place, like a money belt, and don’t carry more than you need.

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