If you’re planning a trip to Cancun, you might be wondering: where is the best place to exchange dollars in Cancun? Choosing the right option can save you money and avoid unnecessary fees. In this blog, we’ll share a complete guide to the best places to exchange dollars in Cancun, practical tips, and recommendations to help you get the best exchange rate.

🏦 1. National Banks

Major banks like BBVA, Santander, HSBC, Banorte, and Scotiabank usually offer exchange rates very close to the official rate, with minimal fees.

• Example: Santander ATM reported 19.3 MXN per USD, while a hotel offered only 17 MXN per USD.
• Documentation: usually requires a passport.
• Limits: approximately $300 USD daily and up to $1,500 USD monthly.

Tip: Use ATMs inside bank branches and avoid those in hotels or tourist shops, which charge higher fees.

🏧 2. Bank ATMs

Bank ATMs are a convenient option as they apply your home bank’s exchange rate (close to mid-market), plus a fixed fee.

• Avoid ATMs in hotels, OXXO stores, or tourist areas.
• Select "Withdraw Mexican Pesos" for better rates.

🏦 3. Authorized Exchange Offices (Casas de Cambio)

There are several reputable casas de cambio in Cancun, especially in downtown and the Hotel Zone:

• Money Exchange San Jorge (Cobá, Hotel Zone, etc.) – Rating: 4.4–4.7 ★
• Eurodólar Puerto Cancún (Puerto Cancún Mall) – Rating: 4.7 ★

They are fast, transparent, and offer competitive rates without additional charges.

✈️ 4. Cancun Airport Exchange

Currency exchange at Cancun Airport can sometimes be competitive, but rates can vary greatly. It’s best for small amounts or emergencies only.

💳 5. Debit/Credit Cards and Digital Platforms

Using cards with no foreign transaction fees or services like Wise or Revolut is often the best option:

• They use the real mid-market exchange rate.
• No fees or very low margins.
• More convenience and security.

Tip: Check if your bank charges fees for international transactions.

🔑 Tips for Exchanging Dollars in Cancun

• Check daily rates on XE, Wise, or Revolut.
• Avoid exchanging money in hotels or tourist kiosks.
• Prefer banks or reputable exchange offices.
• Use cash only when necessary; it’s safer to pay by card.

✅ Conclusion: Where to Exchange Dollars in Cancun?

• Best option: Major banks or reputable casas de cambio (San Jorge, Eurodólar).
• Alternative: Bank ATMs.
• Avoid: Hotel exchanges or tourist kiosks.
• General recommendation: Use your card without fees for most expenses.

With this guide, now you know where to exchange dollars in Cancun and how to make the most of your money during your stay. Enjoy your vacation! 🌴