5 Tips to Outsmart the Notorious Tourist Scam in Mexico

How to Avoid This Common Tourist Scam in Mexico

By – September 14, 2023

When visiting Mexico, many tourists find themselves falling victim to a common scam involving currency exchange. While using the US dollar may seem convenient, it often leads to getting hit with a terrible exchange rate. In this article, we will discuss how to avoid this scam and ensure a safe and cost-effective trip to Mexico.

Stick to the Local Currency

While many tourist-heavy establishments, especially in coastal resort areas, quote prices in US dollars and accept the currency, it is important to remember that the Mexican peso remains the official currency of Mexico. Vendors often offer their own exchange rates when dealing with US dollars, inflating prices by as much as 25 to 30 percent. To avoid this scam, it is recommended to stick to using the local currency. This will help keep costs low and prevent falling victim to inflated prices.

Choose the Right Payment Method

When it comes to transactions in Mexico, you have several options for payment methods. Most hotels accept debit, credit, or travel money cards for transactions. Similarly, higher-end restaurants and attractions also accept these payment methods. However, it is important to have enough local currency on hand for small diners, stalls, souvenirs, and tips. The amount of Mexican pesos you’ll need will depend on how much time you plan to spend outside of major tourist hotspots.

When using travel money cards, it is crucial to choose one that allows you to load Mexican pesos onto the card to avoid sky-high conversion rates. Additionally, be cautious when using ATMs and only withdraw cash from secure locations, such as bank branches. If your bank charges international transaction fees, withdrawing cash may not be the best option for you.

Avoid Changing Money at the Airport

Changing money at the airport is generally not recommended as they often offer the worst exchange rates. Instead, consider exchanging currency at exchange bureaus in inner-city locations. These bureaus tend to have more competitive rates due to the higher level of competition. Another option is to buy Mexican pesos online, with companies like Travelex and S Money offering convenient one-day pick-up or delivery services.

Use a Mix of Payment Methods

To minimize the risk of relying solely on one payment method, it is advisable to use a mix of cards and local currency. Paying for as much as possible online before departing Australia can also help reduce the need for excessive cash in Mexico. By diversifying your payment options, you can ensure a smoother and safer travel experience.

Editorial: The Importance of Being Cautious

While travelling to Mexico can be an exciting and enriching experience, it is crucial to remain cautious and aware of common scams. Currency exchange scams target unsuspecting tourists and can leave them out of pocket. By following the tips provided in this article, travellers can avoid falling victim to this common scam and protect their finances.

It is also important for tourists to educate themselves about the local currency and exchange rates before their trip. Understanding the value of the Mexican peso and comparing it to the US dollar can help travellers make informed decisions and avoid getting ripped off. Additionally, always research reputable exchange bureaus and choose reliable payment methods to ensure a secure and fair transaction.

Conclusion

When visiting Mexico as a tourist, it is crucial to be aware of common scams, such as currency exchange scams. By sticking to the local currency, choosing the right payment method, avoiding exchanging money at the airport, and using a mix of payment methods, travellers can avoid falling victim to this scam and ensure a safer and more cost-effective trip to Mexico. Remember to prioritize caution, do your research, and enjoy all that Mexico has to offer.