GET PESOS BEFORE YOUR TRIP TO LORETO, MEXICO

Get Pesos Before Your Trip to Loreto, Mexico!
Get Pesos Before Your Trip to Loreto, Mexico!

Your bank can exchange dollars to pesos before your tip. I highly recommend doing this because its a lot easier to pay for stuff in pesos rather than dollars. There are several stores/restaurants that accept credit cards, but not everyplace does. 

Wells Fargo will exchange it for you and they will take about 5% compared to the current exchange rate. For example, if the exchange rate is 20 to 1 and you gave them $1000, you will get back about 19,000 Pesos or $950 worth of Pesos. Yes, 5% kind of sucks, but its better than the exchange rate each individual store/person will give you. Also, it is a lot easier to count in pesos to pesos than dollars to peso. 

From 2015 to 2020 the Peso has been between 15-20 to 1.