US/PESO... Should I exchange?

Travel Info
Should I converty my US dollars to Pesos when going to Mexico in November? If so how much do you recommend?

When going back home to the US, will I get the same amount back if I have pesos left over? Or will it be less?

Travel Tips

There's lots of places to change money in Cancun. You'll generally pay a little more if you pay in dollars since most businesses keep the math simple and give you 10 peso for a USD while the exchange rate is usually a little higher. US dollars will be accepted everywhere, although you may get your change in pesos depending on the merchant.

If you get off the beaten track then you may find it easier to spend pesos, not because they won't accept the US dollar but because they may not have enough change. (e.g. You want to buy a bottle of water with a US $20, a little shop might not have enough pesos to give you change) . If you stay near the tourist areas this shouldn't be a concern.

Personally, I convert small amounts when I need them since I want to keep the amount of pesos I'm left with at the end of my trip to a minimum.

Others
It fluctuates everyday. No way of telling if it will be more or less.
Youre definitely gonna want to have a slight portion exchanged to have on hand while touring, market shopping, etc. However, its not necessary to convert everything because most places will accept your American dollars, and (depending on where you go) they're used to tourist. If youre going to a rural area on the other hand, I would suggest having pesos on you, it attracts less attention.

If you have some pesos needing ot be switched back, it will depend on the current rate then as it is always fluctuating, but it usually remains within the same range so you wont lose a fortune :)
You need Peso's,but keep some smaller U.S. currency for tipping purposes.Servers appreciate it.
Apart from exchange rates changing by a few cents from day to day, when exchanging money, you have to pay a kind of commission fee.
For example, if you exchange $100 to peso, and the back again, even with exchange rates not fluctuating, you will probably get $99.70 back, or something around there. (This is only a guess, so I hope no-one gives me a hard time if I'm off by a bit.)
It's not a lot, but if you don't HAVE TO change, it'd be a lot easier not to change.
International currencies fluctuates everyday...
Fluctuations between US and Peso have been stable for the last two years. The value of a Dollar has oscilated between 10 and 11 pesos a Dollar.
If you travell to mexico you may need to pay in cash when you pay all the taxis, when you buy some souvenirs and think a little bit of some cheap restaurants. Most hotels and other stores accept credit cards, so, if I were you, I would calculate my daily waste in cash, just the way you calculate to travel somwhere else.
Taxis at the airports are expensive for Mexico Standards, you should think about 300 to 500 pesos. (30 to 45 bucks) for that concept. Other taxis in the city are not so expensive. Think about 100 to 250 pesos (10 to 20 bucks)
If you return with coins, you can not convert it again to pesos in your country. you will only be able to change the paper.
On the other hand, you could change your dollars here in Mexico. Most of the banks have a place to change the money. And some international hotels accepts payment on dollars.