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Currency in Cozumel


addicted cruiser
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I have been going to Cozumel for 18 years for vacations and always used US dollars. Yes, they have a conversion rate to pesos, and every store usually has it posted at the register, so you know. Using a credit card is not something you should do, however, as it will add on a conversion fee percentage, as well as your bank may charge you extra. Use dollars for everything on the island,, and take bills 20s or smaller.

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Thanks everyone. Was in Cozumel 2 years ago and we did use US$ but wasn’t sure if it had changed recently.

 

This link may help explain and contains the official statement.

https://www.tripsavvy.com/exchanging-dollars-for-pesos-in-mexico-1588945

 

We always ask what exchange rate is being used and frequently pay in pesos cash or using a credit card with no foreign transaction fee, for a better rate but probably not worth the effort for a day trip to get pesos cash and $ can certainly be used.

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