BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: exchange rate
BajaVida
Senior Nomad
***




Posts: 541
Registered: 9-1-2003
Location: Motown, Califas
Member Is Offline

Mood: muy cool

[*] posted on 2-25-2009 at 08:38 PM
exchange rate


with the very favorable exchange rate--$1 US buys nearly $15 MEX

does anyone have any RECENT information about what shops, restaurants, etc. are giving for US $ ?

(I know I am better off in pesos) but inquiring minds want to know

[Edited on 2-26-2009 by BajaVida]




No se apure y dure.

Don\'t hurry and you\'ll last longer.
View user's profile
beercan
Senior Nomad
***




Posts: 670
Registered: 4-3-2005
Location: North of da Bear
Member Is Offline

Mood: happy to be in Baja

[*] posted on 2-25-2009 at 09:05 PM
we were in San Felipe yesterday --


several had signs saying 12 to 1, and one place had a sign $1.50 or 15 pesos on one item.

We exchanged at the bank at 14.69 ---




* libs, all about choice until you choose different
* B. Hussein Obama - an Empty Suit for Empty Minds.
* Annoy a liberal - Work hard and be happy!
* Arguing facts & truth to libs is like bringing a warm smile to a gun fight.
* Lets win the War on Terror
View user's profile
unbob
Nomad
**




Posts: 407
Registered: 8-7-2006
Member Is Offline


[*] posted on 2-25-2009 at 09:23 PM


Got 14.832 rate at ATM in La Paz today!
View user's profile
Bajahowodd
Elite Nomad
******




Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline


[*] posted on 2-25-2009 at 11:58 PM


Really need to exchange. Folks are going to try and get the best rate if you try to use dollars.
View user's profile
TonyC
Nomad
**




Posts: 421
Registered: 1-25-2008
Member Is Offline


[*] posted on 2-26-2009 at 01:03 AM


The day before valentines we exchanged dollars for pesos before crossing into Tiajuna, I got 13.39. In San Quintin the banks weren't buying dollars. After two days in San Quintin we went to Ensenada. While there Costco was giving 14.45 if you use dollars. My question is are the banks buying dollars in Ensenada? If they are I should have waited to exchange my dollars in Ensenada. If they are buying dollars, do they charge a commission? How much is the commission if they are charging. I was not charged a commission when I exchange on the U.S. side. I changed $600 dollars.
View user's profile
DENNIS
Platinum Nomad
********




Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline


[*] posted on 2-26-2009 at 05:48 AM


The Cambios usually charge around two percent. That isn't refered to as a "commision." If they say commision, they're refering to something else. They do that so they can advertise a higher rate on the signs around their businesses. Be careful of that.
On $600 it might be worth the small expense, $12, to get it done and move on. The ATMs give the official bank rate. That's your best bet.

[Edited on 2-26-2009 by DENNIS]
View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 2-26-2009 at 05:59 AM


Assuming you have no banking affiliation with the ATM you use, ATMs will generally hit you with a 7.5 peso charge.

Even being affiliated can lead to some surprising differences in what exchange rate you are given. One gal over here in Sonora decided to experiment. Here's what she wrote:

"On Jan 26 I compared ATMs from Santander and HSBC in Guaymas. I took 3000 pesos out of a BofA acct in the US thru Santander and the same thru HSBC out of an HSBC acct in the US. This was done with 10 minutes.

Neither one is supposed to have ATM fees, etc., for members, which I am.

HSBC charged me US$221.78 and BofA 212.84 - big difference.

I guess it's goodbye to HSBC ....."




View user's profile
rhintransit
Super Nomad
****




Posts: 1588
Registered: 9-4-2006
Location: Loreto
Member Is Offline


[*] posted on 2-26-2009 at 08:03 AM


Marina Palmira and La Panga restaurant in La Paz have signs...14.50 to one.



reality\'s never been of much use out here...
View user's profile
Hook
Elite Nomad
******




Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 2-26-2009 at 08:48 AM


Quote:
Originally posted by rhintransit
Marina Palmira and La Panga restaurant in La Paz have signs...14.50 to one.


Are their prices listed in dollars only?




View user's profile
rhintransit
Super Nomad
****




Posts: 1588
Registered: 9-4-2006
Location: Loreto
Member Is Offline


[*] posted on 2-27-2009 at 09:16 PM


Quote:
Originally posted by Hook
Quote:
Originally posted by rhintransit
Marina Palmira and La Panga restaurant in La Paz have signs...14.50 to one.


Are their prices listed in dollars only?


nope, menu and marina/dockage prices are in pesos. exchange rate is if one wants to pay in dollars.
driving through La Paz, signs in windows show anywhere from 12 to 1 to 14.50 I haven't checked gas stations,etc, as I always use pesos everywhere. just observing.




reality\'s never been of much use out here...
View user's profile
Keri
Super Nomad
****


Avatar


Posts: 1393
Registered: 10-31-2002
Location: La Mision, Baja Norte
Member Is Offline

Mood: muy contento

[*] posted on 2-27-2009 at 10:04 PM
I got 14.89 at bancomer in Rosarito this morning






http://www.pyramidresort.com
011521-646-119-9445
View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262