![]() It's easy to withdraw pesos at widely available ATMs for a small fee, or buy them at your home bank for the going rate. And it's a sign of respect to Mexicans and their country to use their local currency, just as it is to speak whatever Spanish you can muster. In just one example, a $6 Los Cabos taxi ride paid in pesos was 60 pesos, or $5. You'll pay less, because in Baja, dollar prices are usually calculated at 10 pesos to the dollar despite a currently higher exchange rate. dollars - indeed, many list their prices in dollars - in most cases, you're better off using pesos. dollar, and the one used in this guide, is 12 pesos at that rate, an item that costs 12 pesos would be equivalent to $1.Īlthough many businesses in Los Cabos and Baja will accept U.S. (It's not uncommon for Mexicans to round nearly worthless centavos up or down when charging you or giving you change). Coins come in denominations of 1, 2, 5, and 10 pesos, two-tone coins of different sizes, and 20 and 50 centavos (100 centavos = 1 peso) which are either gold-colored and ridged or silver-colored, tiny, and very light. Paper currency comes in denominations of 20, 50, 100, 200, and 500 pesos, color-coded to make it easy to tell one from the other for most bills, a slightly different old and new design are still in circulation, but the colors remain the same. So-called "gringo" establishments - owned by, run by, or catering to Americans and Canadians - are fairly uniform in their (dollar-denominated) prices up and down the peninsula, while so-called "local" places are not only cheaper, but more dependent on location and thus what their markets can bear. The farther away from Los Cabos you go, the lower the prices a meal that might cost you 400 pesos in Cabo might cost you 350 in La Paz and 300 in Loreto. ![]() ![]() Los Cabos and Baja are expensive in comparison to mainland Mexico, but still relatively cheap compared to the rest of North America.
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