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Author: Subject: Exchange rate rip offs
slimshady
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[*] posted on 2-9-2009 at 01:28 PM


I frequent the Los Cabos Region and it gets me when I go to some restaurants and the menu is in dollars or the hotel rates are in dollars. I stay away from those places. The owners are trying to keep prices up in world economy that does not support such prices and that will only last so long until people start wising up.



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BajaGeoff
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[*] posted on 2-9-2009 at 01:30 PM


With tourism being down like it is, I am sure they are just trying to make ends meet and provide for themselves. I don't necessarily agree with it, but I understand why they are doing it.



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DENNIS
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[*] posted on 2-9-2009 at 01:32 PM


Spend pesos and vote with your feet. If you're being screwed, you have nobody to blame but yourself. Make note of who trys to screw you and do your best to let the world know about it just like you did here. Thanks for that.

[Edited on 2-9-2009 by DENNIS]
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Taco de Baja
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[*] posted on 2-9-2009 at 01:52 PM


It's like the gas station owners up here in the states. The price are rising daily by several cents, despite the continued falling price of a barrel of oil. And there is nothing to do but suck up to the gouging b/c they all raise prices. hoars. :fire:



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karenintx
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[*] posted on 2-9-2009 at 02:00 PM


No rip off for us...called Tel-Mex USA on Feb 5. Put $100 USD credit on our account and was given a 14.41 exchange. We were happy!!!
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lizard lips
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[*] posted on 2-9-2009 at 02:21 PM


Just don't use the services of any of these people who try and gouge you. Plain and simple.

I was in Cabo back in 2001 when hurricane Juliette hit and because the bridge was out going to the airport we were at the will of the store owners who jacked up their prices on almost everything and got away with it. I was there last month and went into a store where the same guy tried to sell me a small bottle of water for 30 pesos where just before the hurricane it was selling for 8 pesos. I told him I remembered what he did and he said he lost a lot of customers because of it. I told him I was pleased and went on my way.

Just don't use these peoples services any longer................!!!!!!!!!
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JESSE
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[*] posted on 2-9-2009 at 02:38 PM


The only ripoff i am aware, is trying to pay in dollars at the Gas station in Vizcaino. Last time i was there, the guy said he would take my dollar at 10 to 1 AFTER he had pumped gas.



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[*] posted on 2-9-2009 at 03:49 PM


I don't agree that the "whole beauty" of traveling to Mexico is an attractive exchange rate relative to what it was last summer. However by my calculations, you may have paid the 200 when the rate was 9:1, and thus you paid less in US dollars at the 280 today.

That being said, I have noticed an increase in prices here, and while offset for me, by the current exchange rate, it is not offset for a Mexican who is not drawing his income from a US based ATM.

La Paz is absolutely beautiful now. Blood is not running in the streets. The people are as friendly, the beaches are warm, the food is wonderful (especially at Tres Virgenes) and the scenery spectacular. But if the whole beauty for a traveler is simply the current, and possibly very temporary attractiveness of the exchange rate, perhaps a vacation in California to help the furloughed state employees is a better idea.

[Edited on 2-9-2009 by oldlady]
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[*] posted on 2-9-2009 at 04:10 PM


The only way to avoid this is to buy pesos at a bank that gives you the rate that gives you the best rate, request your menus or prices in pesos upfront. If the menu or price is not agreeable to you, find another place to shop/eat. Carry a small amount of pesos in one pocket, don't flash your wad, negotiate, or you can always take your business elsewhere.

We are all living and learning. Me too. :spingrin:
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elizabeth
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[*] posted on 2-9-2009 at 04:41 PM


I fail to see how adjusting prices to match the exchange rate is a rip-off or a gouge. The peso is devalued for Mexicans as well as North Americans.
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The Gull
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[*] posted on 2-9-2009 at 04:45 PM


Quote:
Originally posted by elizabeth
I fail to see how adjusting prices to match the exchange rate is a rip-off or a gouge. The peso is devalued for Mexicans as well as North Americans.


Must be some kind of disturbance in The Force around Stinson Beach????????????????????????????????????




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Timo1
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[*] posted on 2-9-2009 at 04:47 PM


Damn....what a bunch of cheapoes...your bank rapes you worse on exchange than the people you "love"
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DENNIS
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[*] posted on 2-9-2009 at 04:48 PM


Quote:
Originally posted by elizabeth
I fail to see how adjusting prices to match the exchange rate is a rip-off or a gouge. The peso is devalued for Mexicans as well as North Americans.


The peso hasn't been devalued in the Mexican economy. The dollar just buys more of them. That would hurt a peso spender if he/she had to buy imported items but, the domestic items are the same, given for normal inflation.
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The Gull
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[*] posted on 2-9-2009 at 04:50 PM


Dennis,

There is a fold in the universe around Stinson Beach. It causes the peso and dollar to remain constant.




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DENNIS
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[*] posted on 2-9-2009 at 04:55 PM


Quote:
Originally posted by Timo1
Damn....what a bunch of cheapoes...your bank rapes you worse on exchange than the people you "love"


Not quite. The extremes we hear of here, 10 to 1 when the true rate of exchange is 14 to 1 is, as you can see, a difference of 40%. I sure hope I never see that kind of abuse from my bank.
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DENNIS
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[*] posted on 2-9-2009 at 04:56 PM


Quote:
Originally posted by The Gull
Dennis,

There is a fold in the universe around Stinson Beach. It causes the peso and dollar to remain constant.


Thanks Gull. I live and learn.
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Bajahowodd
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[*] posted on 2-9-2009 at 05:00 PM


Dennis is right statistically. But there is human nature to consider. A 40% reduction in wealth may cause people to raise prices for goods and services. Mexicans providing services and selling goods do not do so in a complete vacuum owing to the world economy and inter-connected communications. So, in theory, i agree. But in practice, it may be put to the test.
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DENNIS
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[*] posted on 2-9-2009 at 05:15 PM


Quote:
Originally posted by Bajahowodd
So, in theory, i agree. But in practice, it may be put to the test.


Well, what are we talking about here? For the most part on this board, we discuss a home-grown commodity. Food. Why should the price of beans and rice, grown in Mexico, be pegged to what the dollar is worth on the world market?
I don't know of anybody who goes to Mexico to buy Pendelton shirts or Schwin bicycles. Those whom I know go for the beer and fish tacos and a space to sleep in. None of this is influenced by the worth of the dollar except in the minds of some opportunists who want to enhance their profit margin.
I don't care what they charge. If I don't like the price, I don't buy but, they won't be able to tell me that the price of an enchilada went up 40% because the peso buys fewer dollars.
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msteve1014
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[*] posted on 2-9-2009 at 06:07 PM


(I don't care what they charge. If I don't like the price, I don't buy but, they won't be able to tell me that the price of an enchilada went up 40% because the peso buys fewer dollars. )


I think that is the bottom line. Or change your dollars into pesos somewhere else, or keep your dollars,or stay home and spend your dollars, but quit crying about it.
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BajaRob
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[*] posted on 2-9-2009 at 06:12 PM
DENNIS


Thank you, you get it. Most all that we buy from here is purchased in pesos and the value of the dollar has nothing to do with what we charged. The greed of those who would try to opportunize on the exchange rate will sink them.
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