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Old 09-03-2015   #76 (permalink)
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Originally Posted by absoluteAL View Post
"here" meaning where Street cambios? Banks? Sorianna?

Are you sure (if referring to street cambios) that you are not confusing the "buy" rate with the "sell" rate
Sorry that was not clear at all. The rate here in California.
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Old 09-03-2015   #77 (permalink)
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that's a good rate

on the street here it is 16
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Old 09-04-2015   #78 (permalink)
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that's a good rate

on the street here it is 16
This what the internet rate is but I will see what the bank say maņana.thank you!
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Old 09-04-2015   #79 (permalink)
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Exchange rate about 16.80 here is that what one might get at atm there today?
The ever-changing 'bank exchange rate' for dollars to pesos is the same here in Mexico as it is in California - at the moment, it's 16.8474 pesos to the dollar, as shown on the XE website:

XE: (USD/MXN) US Dollar to Mexican Peso Rate

If you use an ATM here, you will get that rate, or very near it, minus 1) the fee to use the ATM (free at any Santander ATM if you use a B of A card - and some other banks have a similar arrangement or will reimburse your fees - ask your bank, and search the 'ATM' threads and posts), and 2) minus the 3% Foreign Transaction Fee.

So, if you use your B of A debit card to withdraw $1000 pesos from a Santander ATM anywhere in Mexico, your bank statement will show a withdrawal of about $59 USD, minus the 3% Foreign Transaction Fee of $1.77 USD (there is no charge for using your B of A card at the Santander ATM).
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Old 09-04-2015   #80 (permalink)
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March of this year we were getting about 15 pesos to the US dollar while withdrawing at Santander with my B of A debit card. This October's visit it looks like we could be getting 17 pesos to the dollar or awful close. I have negotiated the 3% foreign transaction fee refunded by my local branch manager in exchange for keeping my money with B of A.

Have you noticed local prices increasing so much to wipe out the perceived benefit of the additional 2 pesos to the dollar increase since March? Or will my dollars really travel farther?
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Old 09-04-2015   #81 (permalink)
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Have you noticed local prices increasing so much to wipe out the perceived benefit of the additional 2 pesos to the dollar increase since March? Or will my dollars really travel farther?
I haven't noticed much if any increase in prices here. We left in April and came back in late July. All the local restaurants we frequent (El Fogon, Chiltepin, etc.) have the same menus/prices, and the products we buy at the groceries (Mega, Dac, etc) seem the same as well. I am sure some prices must have increased, but not for the things we buy most frequently. So our dollars are definitely going farther than they were last winter/spring!
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Old 09-04-2015   #82 (permalink)
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Booked a rental car for November, and they are still using a 13 to 1 exchange rate Of course, so is our property management company.
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Old 09-04-2015   #83 (permalink)
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Originally Posted by mfl*s queen View Post
Booked a rental car for November, and they are still using a 13 to 1 exchange rate Of course, so is our property management company.
I discovered at carribean you could get peso quote and with the rate at 16 per dollar I can save quite abit paying in pesos for cat...
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Old 09-04-2015   #84 (permalink)
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Originally Posted by beam-eye View Post
The ever-changing 'bank exchange rate' for dollars to pesos is the same here in Mexico as it is in California - at the moment, it's 16.8474 pesos to the dollar, as shown on the XE website:

XE: (USD/MXN) US Dollar to Mexican Peso Rate

If you use an ATM here, you will get that rate, or very near it, minus 1) the fee to use the ATM (free at any Santander ATM if you use a B of A card - and some other banks have a similar arrangement or will reimburse your fees - ask your bank, and search the 'ATM' threads and posts), and 2) minus the 3% Foreign Transaction Fee.

So, if you use your B of A debit card to withdraw $1000 pesos from a Santander ATM anywhere in Mexico, your bank statement will show a withdrawal of about $59 USD, minus the 3% Foreign Transaction Fee of $1.77 USD (there is no charge for using your B of A card at the Santander ATM).
Thank you for the info! I will look into bof a.
I was thinking of buying pesos just to have on hand until I could withdraw from arm.i like to have a few options just in case.
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Old 09-04-2015   #85 (permalink)
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I discovered at carribean you could get peso quote and with the rate at 16 per dollar I can save quite abit paying in pesos for cat...
That is where I got the quote this morning, and the exchange was 13 to 1. I would be interested in knowing how you got the 16 to 1?? I did it on line, and changed the US to Pesos?
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Old 09-04-2015   #86 (permalink)
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Originally Posted by mfl*s queen View Post
That is where I got the quote this morning, and the exchange was 13 to 1. I would be interested in knowing how you got the 16 to 1?? I did it on line, and changed the US to Pesos?
Well I was quoted $70 used and 910 min so I figured if I exchanged pesosat 16 to the dollar it would be costing me about $57. So it would be best to pay in pesos. But I could be totally wrong! Let me know as i am curious about this.thx
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Old 09-04-2015   #87 (permalink)
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Well I was quoted $70 used and 910 min so I figured if I exchanged pesosat 16 to the dollar it would be costing me about $57. So it would be best to pay in pesos. But I could be totally wrong! Let me know as i am curious about this.thx
Well, I did the quote on line using US and then I did it in Spanish using Pesos. The amount in Pesos divided by 13 came out to be the same as the US quote.

We are picking up at the airport, and renting it for 8 days. We were planning to put it on our Credit Card, but maybe we should pay with the Pesos that we brought home with us last time, when the rate was around 15 to 1? Have to figure out if the little bit of savings is worth all the points we would get on the cc. I really doubt it.

Last edited by mfl*s queen; 09-04-2015 at 02:54 PM..
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Old 09-04-2015   #88 (permalink)
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Thank you for the info! I will look into bof a.
I was thinking of buying pesos just to have on hand until I could withdraw from arm.i like to have a few options just in case.
Assuming you'll be arriving in T2, there was an ATM in the customs area, and there is an ATM right after you exit customs in the hallway toward the restrooms.

Do you need pesos before then.
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Old 09-04-2015   #89 (permalink)
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Assuming you'll be arriving in T2, there was an ATM in the customs area, and there is an ATM right after you exit customs in the hallway toward the restrooms.

Do you need pesos before then.
Lol probably not...but there is always that what if in my head....I over plan
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Old 09-04-2015   #90 (permalink)
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Originally Posted by mfl*s queen View Post
Well, I did the quote on line using US and then I did it in Spanish using Pesos. The amount in Pesos divided by 13 came out to be the same as the US quote.

We are picking up at the airport, and renting it for 8 days. We were planning to put it on our Credit Card, but maybe we should pay with the Pesos that we brought home with us last time, when the rate was around 15 to 1? Have to figure out if the little bit of savings is worth all the points we would get on the cc. I really doubt it.
You are right about it comes out the same in use if you are dividing it by 13. But if I got it at 16 from my atm I think I would be ahead right....?
We always get a runaround with the cc and exchange rate...with rental car co.
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