Dollars are accepted almost everywhere and you will get your change back in pesos. The exchange rate varies every day, but some places have a set rate posted. You can exchange dollars for pesos at the airport, but also a very easy way to get pesos is to simply withdraw money from an ATM. Bank ATMs give the daily exchange rate (best possible rate). Examples include Banorte, Bancomer, Santander, Banamex, Banregio and HSBC. Non-bank ATMs located in the streets or the marina will charge higher fees. Some ATMs only give you dollars, some only pesos and some give you the option to withdraw both. Pay close attention to what currency you’re withdrawing and try to get as much cash as possible in one transaction to avoid paying high fees.
Cash or card?
Visa, Mastercard and American Express credit cards are generally accepted, but you often run into cash only establishments. Always ask beforehand and carry cash just in case. Keep in mind your bank will most likely charge you international transaction fees if you pay with your card.
Renting a car will allow you to enjoy the freedom of exploring Los Cabos. Driving in Mexico might be intimidating, but if you just go with the muddled flow, you will realize that there is some organization within the chaos. If you are pulled over by local police for committing a driving infraction, the standard procedure is for them to take your Driver’s License. You will then have to go to the Police Station to pay your ticket and pick-up your license.
In Mexico the gas station attendants pump the gas for you, so you don’t have to get out of the vehicle. There are two types of gasoline: Magna, which is regular, and Premium. Lleno (pronounced ye-no) means full. Major credit cards are accepted. Tipping the gas station attendant around $10.00 pesos is customary. There is a toll road that takes you from the airport to Cabo San Lucas or to the Todos Santos highway; by taking this road you avoid the taxi and shuttle traffic on the main highway.