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Old 08-16-2017   #1 (permalink)
añejo
 
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Large Peso Notes

Heading down to Tulum in a few weeks and got some Peso's before heading down.

I know it used to be difficult at places to difficult at businesses to break anything larger than 100 or 200 peso notes and I'm assuming that is still the case but wanted to make sure.

We got a number of 500 Peso notes and other than 1 or 2 stops at Chedraui to stock up, I'm concerned we won't be able to easily use the large notes.

Should I try to exchange them for 100 and smaller notes before heading down?
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Old 08-16-2017   #2 (permalink)
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I rarely have trouble getting change for 500's.....used to be the case but not anymore.
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Old 08-16-2017   #3 (permalink)
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If you find them useless...I'll take them off your hands for free!!!

Just try and use them first. I've never had a problem in Cancun or PDC. Not sure about Tulum....
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Old 08-16-2017   #4 (permalink)
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i remember early one morning i was going to jump the bus, but i only had a 500 peso note, so i goes to walmart and grab a banana and head for the checkout,,,they looked at me and told me to get,,,when i got on the bus the bus driver looked at me like i was idiot, still with the 500 note,i offered him the banana...
thats about the only time i find it hard,,,as the day goes on, more tills have lots of change so its not an issue, but early mornings can be
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Old 08-16-2017   #5 (permalink)
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Yes, still not seeing this as problematic, myself, given what we've seen since moving back (and we've been doing a lot of shopping!).
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Old 08-16-2017   #6 (permalink)
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If you have the choice, definitely go for smaller notes. It's still an issue.


It's less than then past since the 500 of today buys about as much as the 200 did 10 years ago.


Depends what you're doing as well. If you're flexible enough and close to town and are able to try Oxxo, a pharmacy, and a Chedraui it's not going to be much of an issue. But if you stop in to a local papeleria, a restaurant at the side of road, or even a taxi driver, you still encounter cambio issues.


Sometimes they have change... but you clean them out making it harder for the next person. Not sure if that counts as an issue to you or not.
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Old 08-16-2017   #7 (permalink)
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After nine trips down, and over 90 days, we've never once had an issue breaking a 500 peso note.
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Old 08-16-2017   #8 (permalink)
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I agree this is not the issue it used to be but can still be problematic at small places. I strategically use the 1000 and 500 peso notes at the venues that can handle them save my smaller peso's for when I need them.

Last edited by MsNSol; 08-16-2017 at 09:59 PM..
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Old 08-16-2017   #9 (permalink)
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Quote:
Originally Posted by MsNSol View Post
I agree this is not the issue it used to be but can still be problematic at small places. I strategically use the 1000 and 500 peso notes at the venues that can handle them save my smaller peso's for when I need the.
I have never gotten 1,000 peso notes and would reject them unless I was paying cash for a large purchase.

It has rarely been an issue with us, but has been. Typically we get an adequate number of 200 and 50 peso notes when we make ATM withdrawals at HSBC banks here in Merida. I use the 500 peso notes at places I know will have change, and save the smaller ones for other places.
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Old 08-16-2017   #10 (permalink)
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As always, thanks for the quick replies.

I saved some 500 notes for Chedraui and if we grab food and drinks at some of the over priced beach road places in Tulum.

I took the rest down to the teller line today and got 100, 50 and 20 Peso notes.

Now I just need to get down there and start spending it.
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Old 08-16-2017   #11 (permalink)
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Ah, well, if you're going to Chedraui, you can just spend your USD notes there, as well, and get a very competitive rate (about half a peso below interbank).
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Old 08-17-2017   #12 (permalink)
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Originally Posted by ryberg View Post
Ah, well, if you're going to Chedraui, you can just spend your USD notes there, as well, and get a very competitive rate (about half a peso below interbank).
Now that I did not know. I actually got a good rate some time ago before the current mini slide of the USD.

I've also been stock piling Japanese Yen for next years trip. By the time May rolls around we should have the entire trip paid for. No post trip credit card bill shock for us!
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Old 08-17-2017   #13 (permalink)
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Generally spend my pesos at beach clubs and restaurants. Stay at the Mimi and spend a lot of money at their beach club there. If they run low on change I just buy another bucket or two of beer. No problem. I usually have a few hundred pesos in small bills at all times. Break the big notes before I run out.
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Old 08-17-2017   #14 (permalink)
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Quote:
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Generally spend my pesos at beach clubs and restaurants. Stay at the Mimi and spend a lot of money at their beach club there. If they run low on change I just buy another bucket or two of beer. No problem. I usually have a few hundred pesos in small bills at all times. Break the big notes before I run out.
I love the Mimi.
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Old 08-17-2017   #15 (permalink)
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Originally Posted by Sue View Post
I love the Mimi.

It gets such bad reviews anymore. I found it for about $58 a night but such shakey reviews scare me off.
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