How Much Cash To Bring To Holbox? (2024 Updated Guide)
Heading to Isla Holbox and wondering how much money to bring? I’ll share exactly how much cash to bring to Holbox based on my personal experience, and lots of tips on credit cards, withdrawing money from ATMs, dollars or pesos, and tipping in Holbox.
Quick answer: From my multiple trips to Holbox, doing both budget and indulgent stays, I’ve found that an average of 75 US dollars daily, per person, (around 1250 pesos) strikes a good balance.
This slice of paradise is a must-visit, but knowing how much cash to bring is crucial for a hassle-free experience.
Whether you’re here to find out about the need for cash versus cards, tipping in Holbox, or just how much money to bring for your daily adventures, you’re in the right place.
Plus, I have created a Holbox cash calculator, a handy tool that will help you calculate how much money to bring to the island.
Budgeting Your Pesos and Dollars in Holbox
How much cash to bring to the island, you ask? It depends on your taste and your Holbox itinerary.
A range between 900 (around 50 US dollars) and 1700 Mexican pesos (about 100 US dollars) per day, per person, should cover meals, transportation, and a bit of indulging.
Fancy dining at restaurants like Luuma or street-side taco feasting? Taxi rides, golf cart renting, or walking? All these choices affect your daily budget.
For instance, aiming to try the famous lobster pizza at Roots? Set aside about 30 US dollars (500 pesos) for two.
Your stay length and planned activities (excursions or chilling with a margarita at Mandarina Beach Club) also play a role in your budgeting.
Planning a 5-day stay? Consider bringing about 380 US dollars (6400 pesos) in total. But remember, always bring more than you think you need, just in case.
And don’t forget about tips in Holbox, something to include in your daily budget.
Cash or Credit? The Eternal Island Question
First things first, do you need cash for Holbox? Absolutely!
While some places accept credit cards, they tack on a 3-5% fee. Plus, ATMs in Holbox are scarce and sometimes out of money.
So, it’s wise to withdraw Mexican pesos before you even set foot on the ferry in Chiquila—Cancun ATMs are your best bet.
What I did was to withdraw money at the Cancun airport as soon as I landed, and also at an ATM in Cancun that the driver of the private transfer that took me to Chiquila drove me to (by the way, highly recommended!).
Getting Cash on the Island
Should you find your wallet running low, there are a few ATMs in Holbox.
Sometimes they work and sometimes they don’t, and other times they have a queue and when it’s your turn to withdraw money, they have run out, as happened to me once.
There are also a few exchange houses on the island but be prepared for less favorable exchange rates and possible downtime.
Good to know: Bring dollars in case you run out of Mexican pesos and change at the exchange office near the main square or at CIBanco.
Here you have a map with both locations so you don’t get lost.
? Dollar to Mexican Peso exchange rate (2024): 1.00 US Dollar = 16.542819 Mexican Pesos (check here for real-time exchange rates).
Holbox Cash Calculator
With this useful calculator, you can easily calculate how much cash to bring to Holbox, based on how many days you’ll stay, the average daily budget per person I recommend, and the exchange rate.
How to use the calculator
This cash calculator is so easy! Just follow these steps:
- Select how many days you will spend on the island.
- Choose the daily budget from the drop-down.
- Adjust the exchange rate if necessary.
- Click on the “Calculate” button.
Holbox Cash Calculator
Tipping in Holbox
Tipping in Holbox is not only appreciated but also part of the local culture.
From the friendly taxi driver to the staff at your favorite beach club, a little extra shows your gratitude for their service. Here you have a detailed guide on how much to tip.
Final Thoughts about Bringing Cash to Holbox
Preparing your finances for Holbox doesn’t have to be a headache. By planning ahead and budgeting wisely, you can spend less time worrying about money and more time soaking up the beauty and tranquility of the island.
If you are planning your trip to the island, don’t miss these essential things to know before traveling to Holbox to make the most of your time there and leave your worries behind.
FAQs about Money in Holbox
What currency is used in Holbox?
The Mexican Peso (MXN) is the official currency of Holbox and the whole of Mexico.
Is Holbox expensive?
Holbox can be expensive, but with proper planning and budgeting, visiting Holbox on a budget is entirely possible.
How much money to bring to Holbox?
It’s wise to budget between 900 to 1700 Mexican pesos per day. This covers meals, transportation, and leisure activities. For a balanced experience, think about preparing around 75 US dollars (or approximately 1250 pesos) daily.
Do you need cash for Holbox?
Yes, cash is king in Holbox. While some establishments accept credit cards, they may charge a fee of 3-5%. Given the limited number of ATMs and their occasional out-of-service status, having cash on hand is essential.
Can you pay with credit card on Holbox?
Yes, but it’s not always straightforward. A select number of businesses accept credit cards, with an additional transaction fee. Carrying cash is highly recommended to avoid any inconvenience.
How much do you tip in Holbox?
Tipping is a customary practice to show appreciation for good service. While the amount can vary, tipping around 10-15% of your bill in restaurants and cafes is common.
Does Holbox take US Dollars?
While some places might accept US dollars, it’s generally better to pay in Mexican pesos. You’ll find that your money goes further and transactions are smoother when using the local currency.
Where can I get cash in Holbox?
You can get cash in Holbox from the few ATMs on the island, but it’s a good idea to withdraw what you need before arriving. Should you find yourself short on cash, there are exchange houses on Holbox, though the rates might not be as good as on Cancun.
Are there ATMs in Holbox?
Yes, there are ATMs on Holbox, but given their limited number, it’s not uncommon for them to run out of cash or be out of service. To avoid any potential inconvenience, it’s highly recommended to bring enough cash.
