Riviera Maya Currency Guide for Travel in 2023

What Currency is Used in Riviera Maya Mexico?

The official currency used in Riviera Maya (and all of Mexico) is the Mexican Peso (MXN). However, you’ll find that US dollars are widely accepted, particularly in tourist areas.

You may even find that some restaurants and shops will display prices in both pesos and US dollars and accept payments with either currency.

What is the Best Currency to Take to Riviera Maya?

The best currency to take to Riviera Maya is the Mexican Peso (MXN), as it’s the official currency of the country.

While US dollars are widely accepted in Riviera Maya, you’ll often get better exchange rates and prices when paying with pesos.

Does Riviera Maya Accept US Dollars?

Yes, US dollars are widely accepted in Riviera Maya at restaurants, beach clubs, hotels, and grocery stores. You can even pay for taxis with USD.

Riviera Maya thrives on tourism, so they’ve become used to dealing with American tourists and thus the US dollar is accepted pretty much everywhere.

This makes paying in US dollars very easy but keep in mind that each restaurant, hotel, or establishment will have their own set exchange rate, which may be worse than the official exchange rate.

So if you really want to save money on your purchases, it’s best to pay in pesos.

Additionally, when paying in United States dollars, you’ll typically receive your change in pesos, which can get confusing if you’re not familiar with using the currency.

Is it Better to Pay in Dollars or Pesos in Riviera Maya?

US dollars are accepted pretty much everywhere in Riviera Maya so it’s possible to get by without needing to exchange any money.

However, since the official currency in Riviera Maya is the Mexican peso (MXN), you’ll typically save money if you pay in pesos.

Basically, if you’re not worried about losing a few dollars here and there on the exchange rate, it’s possible to just use US dollars for your entire trip.

But if you want to get the best value for money, it’s best to pay in Mexican pesos.

And while credit cards are accepted in many places, you’ll still need cash to pay for taxis, tips, souvenir shopping, and smaller purchases.

Are Credit Cards Accepted in Riviera Maya?

Yes, credit cards are widely accepted in Riviera Maya and you can use them in most restaurants, large retail stores, hotels, and beach clubs.

Visa and Mastercard are the most widely accepted credit cards, and American Express and Discover are less commonly accepted.

You’ll just want to make sure to use a credit card with no foreign transaction fees. I personally use the Chase Sapphire Preferred card which has tons of great travel perks.

I would also recommend using a credit card instead of a debit card when possible, as there are typically less fees and the protection benefits are much better.

And even though credit cards are accepted in many places, it’s still a good idea to have some cash on hand to pay for transportation, tips, and smaller purchases. For example, some smaller restaurants and taco joints in Playa del Carmen will be cash only.

It’s also important to know that taxis in Riviera Maya do not accept credit cards so you’ll need to carry enough cash if you’re planning on taking taxis.

Should You Get Pesos Before Going to Riviera Maya?

If you want to be really prepared, I would recommend getting some pesos before going to Riviera Maya so you won’t have to worry about getting them once you arrive.

The easiest way to do this is to order Mexican pesos from your bank ahead of time and it typically takes around 1-3 days for delivery.

If you don’t want to do that or don’t have enough time to do so, you can always withdraw pesos from an ATM once you arrive in Mexico or change dollars to pesos at a currency exchange counter.

Just be sure to check with your bank ahead of time to see if they have any fees for international ATM withdrawals.

What will you need cash for in Riviera Maya?

While credit cards are widely accepted in Riviera Maya, you’ll still need to have some cash on hand if you’re planning to leave the resort, explore the nearby towns, or do some Riviera Maya excursions.

How Many Pesos Should You Bring to Riviera Maya?

Note these guidelines are based on how much cash to bring to Riviera Maya Mexico for the tips and extras outlined above, assuming you’re using your credit cards for most of your purchases.

Additionally, these amounts are based on a single traveler or a single party that’s traveling together.

If you plan to pay with cash in Mexico exclusively, then you’ll want to bring more money than the amounts above.

📱 You can also play around with my Mexico cash calculator! This is a handy tool to give you an estimate of how much cash you’ll need during your trip depending on the length of your stay, number of people, and spending habits.

How to Get Pesos for Riviera Maya

Here are a few options for getting pesos for your trip to Riviera Maya Mexico:

Order pesos from your bank ahead of time

If you’re someone that likes to plan ahead and have everything ready to go before your trip, then I would recommend ordering pesos from your bank before you leave for Mexico.

While this option takes a bit more time and advance planning, it’s cheaper than exchanging currency at a counter in Mexico once you arrive.

Plus, you won’t have to deal with finding an ATM or currency counter once you get there, which can add stress to your trip.

Withdraw pesos from an ATM in Mexico

If you don’t want to order pesos ahead of time, the quickest and easiest way to get pesos in Mexico is to simply withdraw cash from an ATM once you arrive.

You can find ATM machines in most major tourist spots, hotels, and grocery stores, or even at the Cancun Airport once you land.

While your bank might charge a fee for withdrawing money from foreign ATMs, it will typically be cheaper compared to a commission-based money exchange counter.

Exchange dollars for pesos at a currency exchange counter

The final option for getting pesos is to exchange US dollars for pesos at the Cancun Airport or at a foreign currency exchange counter.

While this is a bit more convenient, I wouldn’t recommend it because it’s typically the most expensive option.

You’ll have access to cash right away but currency exchange counters in Mexico typically have some of the highest conversion rates–and they can be a little sketchy looking.

If you really do need to use a currency exchange counter, be sure to check the current exchange rate carefully before deciding whether or not this is the best option for you.

Using ATMs in Riviera Maya

Here are some tips for withdrawing money from ATMs in Riviera Maya:

Best ATMs in Riviera Maya

When using ATMs in Riviera Maya, it is important to only use an official bank ATM and avoid using any random or unidentified ATM found on the street.

You might find nameless ATMs in the main tourist areas (like when shopping on 5th Avenue in Playa del Carmen) but these are more likely to have card skimmers and hackers that could potentially drain your bank account.

For optimal security, it is best to use official bank ATMs located directly at a local bank or at places such as grocery stores or shopping centers.

If you are staying at one of the larger resorts in Riviera Maya, they will likely have an ATM in the hotel lobby and they are typically pretty safe to use.

And if you go to Playa del Carmen, Cancun, Tulum, or Puerto Morelos, you can find bank ATMs not far from the tourist areas or at larger grocery stores like Chedraui, Walmart, or Mega.

Bank Partnerships

Before your trip to Mexico, it’s a good idea to check with your bank to see if they have any partnerships with Mexican banks.

Several large banks, including Bank of America, have established partnerships with foreign banks around the world.

If your bank does have a partnership with a Mexican bank, you will likely be able to withdraw money without a usage fee.

However, there is typically still an international withdrawal fee that is a small percentage of the total withdrawal amount.

For example, Bank of America has a partnership with Scotiabank in Mexico. This means you can withdraw money from a Scotiabank ATM in Mexico and avoid a $5 USD international ATM usage fee.

However, you will still be charged 3% of the converted US dollar amount that you are withdrawing.

Riviera Maya ATM Fees

When withdrawing money from ATMs in Riviera Maya, you will likely be charged a usage fee and/or an international transaction fee that will be a small percentage of the total amount you take out.

Let’s say you are a Bank of America customer and you were to withdraw $2,000 pesos in local currency from a Scotiabank ATM in Mexico.

Riviera Maya ATM Conversion Rates

If there’s one thing to remember about using ATMs in Riviera Maya (and anywhere in Mexico), it’s to always decline the conversion rate offered by the ATM.

When withdrawing money from an ATM, you’ll be prompted to accept or decline the conversion rate offered by that particular ATM–always hit DECLINE!

ATMs always offer terrible exchange rates, which are much higher than what you would get from your bank.

By hitting decline, your financial institution will automatically charge you with the standard conversion rate, which is typically a much better deal.

Using Mexican Currency

Here are some helpful things to know about using the official currency in Mexico:

Mexican Peso Bills

Easy Pesos to USD Currency Conversion Trick

If you’re not familiar with paying in Mexican pesos, it can be confusing to figure out exactly how much you’re spending.

However, there is a simple trick to convert pesos to American dollars easily in your head – just take off a zero and divide the price of the item by 2!

For example, if something is $500 pesos, you would take off a zero ($50) and divide the amount by 2 to get to a value of around $25 USD.

Of course, this is not an exact value (especially recently with the peso gaining value) but will give you a rough estimate of how much an item costs.

Alternatively, you can pull out the calculator on your phone or use a currency converter app to get the exact value.

💵 Easy MXN-USD Currency Conversion Trick: Take off a zero and divide by 2!

Riviera Maya Money Tips

• Decline the currency conversion rate at the ATM: When withdrawing cash from an ATM, you’ll be asked if you want to accept the ATM’s currency conversion rate. Always decline this option and instead you’ll be charged at the best exchange rate from your bank.

• Use a credit card instead of a debit card: If you’re going to be paying with a card, it’s best to use a credit card instead of your debit card. Many travel cards like the Chase Sapphire Preferred card have no foreign transaction fees so you’ll save money on costly currency exchange fees on your debit card. Plus, credit cards typically have better protections in case of fraud or theft.

• Check with your bank to see if they have any partnerships with banks in Mexico: If your bank has a partnership with a Mexican bank, you can likely avoid added ATM fees when using your debit card to withdraw money in Mexico.

• Only use official bank ATMs: Avoid using random or nameless ATMs, as these are often less secure and can be setup with card skimmers. Withdrawing money from official bank ATMs at banks, grocery stores, or shopping centers is a safer option. Some of the most popular local banks in Riviera Maya are Scotiabank, HSBC, CiBanco, Santander, and BBVA.

• Don’t carry large amounts of cash: It’s best to only carry the amount of cash that you need for your daily expenses in case of theft. Flaunting large amounts of cash is a safety risk in Riviera Maya and can make you a target for theft or getting ripped off. It’s also a good idea to keep a backup credit or debit card (and some cash) in the hotel safe in case anything happens to your primary card.

• Don’t forget to bring cash for tips: If you’re planning to do any of the fun activities in Riviera Maya like Riviera Maya zipline tours, snorkeling tours, or ATV adventures, be sure to bring cash to tip the tour guides. It’s customary to tip around 10-15% of the total tour price.

Riviera Maya Currency: FAQs

Conclusion: Riviera Maya Currency Guide