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AKgringo
Elite Nomad
Posts: 5816
Registered: 9-20-2014
Location: Anchorage, AK (no mas!)
Member Is Offline
Mood: Retireded
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Calexico Jack In The Box exchange, 3/6/2020, 10 AM
I stopped at the Jack in the box next to Walmart to grab a bite, and use their WIFI connection. I forgot to grab my US currency, and was surprised
when the clerk told me that pesos were ok!
Here is the receipt break down;
Meal combo...…………….5.99
fund raiser donation....1.00
tax...…………….………………..49
Total...………………………...7.48
Pesos (150.00)…………….7.84
change (US)…………………..36
sounds like they gave me a pretty fair exchange rate! You do the math if it matters, I did not have to go back out to my car for more cash, and I was
happy!
[Edited on 3-9-2020 by AKgringo]
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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Bajazly
Senior Nomad
Posts: 994
Registered: 6-4-2015
Location: Goodbye Cali and Hello San Felipe
Member Is Offline
Mood: More Relaxed Everyday
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Last night at Calimax I got this message on the Atm which I declined and checking my bank this morning got an effective rate of 19.75. Had I accepted
this, seems my pesos would have been 137.50 less due to the built in mark up of 5.5%? The ATM fee was 69.60 so I got 2500 pesos by declining this
offer.
Believing is religion - Knowing is science
Harald Pietschmann
"Get off the beaten path and memories, friends and new techniques are developed"
Bajazly, August 2019
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
Member Is Offline
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Be nice if atm's adjacent to the border on the US side
despenced pesos with that good rate of exchange.
I understand you can withdraw dlls
at some atm's inside Mex
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JZ
Elite Nomad
Posts: 9260
Registered: 10-3-2003
Member Is Offline
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Sent Western Union to someone 3 days ago.
20.0533 MXN per dollar.
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Hook
Elite Nomad
Posts: 9006
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Using the posted conversion rate calculators on both the Visa and the Mastercard sites, today, shows that Mastercard is converting at 21.16 today
while Visa is converting at 20.59. That's more of a spread than I would have thought.
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Russ
Elite Nomad
Posts: 6741
Registered: 7-4-2004
Location: Punta Chivato
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Got 19.88 at the bank in Mulege at the teller window today
Bahia Concepcion where life starts...given a chance!
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Hook
Elite Nomad
Posts: 9006
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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I got 20.18 using an ATM in town. Mastercard ATM with a credit union. Includes a Mexican ATM fee of 17.40 pesos and a "cross border fee" of 5.26 US
(figured into the exchange rate, overall) on a withdrawal of 6000 pesos.
On the 6th of March, the same 6000 pesos cost me an additional 18 dollars US, due to the peso being stronger in value, to the dollar. The cross border
fee was about 30 cents higher, too.
Deciding WHEN to get pesos can make a difference.
Of course, it could strengthen further tomorrow.
[Edited on 3-10-2020 by Hook]
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ncampion
Super Nomad
Posts: 1238
Registered: 4-15-2006
Location: Loreto
Member Is Offline
Mood: Retired and Loving it
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Interesting, got $7000 pesos at Coppell ATM on Sunday 3/8 and it still has not posted to my US checking account as of now (3/10, 5:20pm) Maybe
they're waiting for the rate to go down.
Living Large in Loreto. Off-grid and happy.
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Hook
Elite Nomad
Posts: 9006
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Still trying to figure out why the Mastercard site says their exchange rate yesterday was listed at 21.15 and the rate THEY supposedly gave me,
excluding fees by the ATM and my credit union, was about 20.55.
It would be nice to see a Schwab cardholder compare the rate he/she got on a specific day, to the rates listed on either the Visa site or the
Mastercard site.
Here are the links, near as I can tell:
https://tinyurl.com/r74x7vz
https://www.mastercard.us/en-us/consumers/get-support/conver...
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DBaja
Junior Nomad
Posts: 54
Registered: 11-6-2019
Location: Ventura, California
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Mood: Grateful
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Ok I have a stupid question, wouldn't the peso going up on the dollar be a good thing? 1 US dollar gets you 19 pesos, now 1 US dollar gets you about
21 pesos?  I’m having a moment, please don’t hit me over the head!
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David K
Honored Nomad
Posts: 64489
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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It is a good thing for those with dollars as a dollar gets you more pesos (more value). The most immediate thing that benefits Americans is the
lowering of the cost of gasoline in Baja... followed by cheaper beer, tacos, and the rest!
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DBaja
Junior Nomad
Posts: 54
Registered: 11-6-2019
Location: Ventura, California
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Mood: Grateful
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Thanks David, so the US economy/stock market takes a dip BUT the Mexican peso drops more than the dollar?
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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Anyone who spent any time in Baja in the past when the peso went ballistic knows that as soon as the rate changes, so do the prices. I remember when
the Nuevo peso started up, and just before that there were 6 (or more) price tags super-imposed over one another on a can of food. There were so many
changes on menus the paper was worn out.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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Bajazly
Senior Nomad
Posts: 994
Registered: 6-4-2015
Location: Goodbye Cali and Hello San Felipe
Member Is Offline
Mood: More Relaxed Everyday
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How about the benefit to poor people here making 1500 pesos a week and trying to feed a family and live?
In 7 months of being here I have seen the gas price fluctuate only a half a peso. Crossing back north a few times a month I have seen gas as high as
$4 to last Friday at Arco it was $3.09 and the other stations about $3.25.
I guess big petro all got together and said there is nothing these people can do so we will just make bank here and everybody else can eat cake. Who
could have ever seen that coming when they deregulated gas a few years ago?
Believing is religion - Knowing is science
Harald Pietschmann
"Get off the beaten path and memories, friends and new techniques are developed"
Bajazly, August 2019
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David K
Honored Nomad
Posts: 64489
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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Quote: Originally posted by DBaja  | | Thanks David, so the US economy/stock market takes a dip BUT the Mexican peso drops more than the dollar? |
I will let you know what I find out if I go south next week, as I hope to.
| Quote: Originally posted by DBaja | | Ok I have a stupid question, wouldn't the peso going up on the dollar be a good thing? 1 US dollar gets you 19 pesos, now 1 US dollar gets you about
21 pesos? I’m having a moment, please don’t hit me over the head!
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I was only responding to your question. The price of gasoline here is falling as well, with reduced demand and Russia fighting with Saudi Arabia over
production adjustments to raise prices.
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Hook
Elite Nomad
Posts: 9006
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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| Quote: Originally posted by bajabuddha | Anyone who spent any time in Baja in the past when the peso went ballistic knows that as soon as the rate changes, so do the prices. I remember when
the Nuevo peso started up, and just before that there were 6 (or more) price tags super-imposed over one another on a can of food. There were so many
changes on menus the paper was worn out.
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It takes a "while" for the corrections to occur. Sometimes you can take advantage of that on things that arent perishable.
Especially something like buying an outboard down here.
Gas probably wont go up. Hasnt moved much more than a fraction of a peso since the "deregulation" occurred. I have to agree with Bajalzy. It's clearly
being kept up, artificially, down here. But, hey, it's expected to pay for a lot of "free" services that the locals get down here.
Mexico is going to suffer tremendously, if they dont wean themselves from dependency on oil money. EV are going to make HUGE inroads in 3-5 years
time. More and more solar and wind each day. Outside of some temporary political trauma, we may have seen the last of >50 dollar barrels of oil.
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