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castaway$
Senior Nomad
Posts: 742
Registered: 7-31-2007
Location: Gold Hill, Oregon
Member Is Offline
Mood: Fish on!
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Dollar for Peso exchange in the states?
Anybody have suggestions on where to exchange dollars to peso's in the states? We are in So. Oregon and we usually use B of A but the "B" seems to
stand for bendover anymore. Were not heading out untill late fall but the exchange rate seems good so I thought I would take advantage and exchange
2-3K for our trip while it is at a stable and decent rate.
Live Indubiously!
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BajaDove
Nomad
Posts: 194
Registered: 11-23-2008
Location: La Paz
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It's been years since I was dealing with over pesos but way back when we decided we could hold pesos a year and not lose more than what the bank would
give. Never tried buying them north of the border towns.
If its not where it is, its where it isn\'t.
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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CostCo
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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rocmoc
Nomad
Posts: 234
Registered: 5-25-2009
Location: Tucson, AZ
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Mood: Live today like it maybe your LAST!
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Nearest International Airport.
rocmoc n AZ/Mexico
rocmoc n AZ/Mexico
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rpleger
Super Nomad
Posts: 1087
Registered: 3-12-2005
Location: H. Mulegé, BCS
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Mood: Was good.
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Woooosh is right...CostCo in Chula Vista, not far from the border...use to have the best rates...I use to buy $3000 at a time...
Richard on the Hill
*ABROAD*, adj. At war with savages and idiots. To be a Frenchman abroad is to
be miserable; to be an American abroad is to make others miserable.
-- Ambrose Bierce, _The Enlarged Devil\'s Dictionary_
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
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Mood: happy and retired
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I would probably look in the yellow pages for money exchanges, the exchange rate is good now but if you did this last year this is the way it would
have worked out:
June 2008 $3000.00 USD x 10.32 Pesos = 30,960 Pesos
Dec. 2008 $3000.00 USD x 13.41 Pesos = 40,230 Pesos
As you can see you would have had 9,270 Pesos more if you waited until you came down to Baja...I remember last year by Feb. I was getting almost 15 x
1, if anyone really knew what any currency would be at 6 months from now they would be millionaires...I usually bring a couple hundred in Pesos and go
to an ATM in Ensenada...good luck
I hear the whales song
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
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Feb 2009, Bancomer in San Felipe, 15.3 to 1. Street vendors were still working on 10-1. Life in Baja was really good!
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losfrailes
Senior Nomad
Posts: 577
Registered: 11-16-2004
Location: Ejido San Lucas near Santa Rosalia
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Mood: Good!
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You might try http://www.xe.com/ucc/ and see if you can exchange it at the current exchange rate while still in Oregon.
If not, best bet is Costco in Chula Vista. You will get as good a rate as anywhere.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Not a good idea to be carrying too much currency. Makes no sense with ATMs almost everywhere. Can't figure out why you would want to do that unless
you're building a house and need lots of fast cash on hand.
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bajajurel
Nomad
Posts: 276
Registered: 6-17-2009
Location: San Diego
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Mood: Fishing for fun
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Like 10 replies before mine - go to COSTCO in Chula Vista. It's easy, fast, and parking is plentiful. Besides you can do your last minute shopping
before hitting the border. 1130 Broadway, Chula Vista, California 91911
Or if you have a Schwab checking account you can use the ATM card and draw out cash for the best exchange rate and Schwab reimburses any fees or
charges.
bajajurel
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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The way things are going the peso might be on a par or even worth more than the US dollar.
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Santiago
Ultra Nomad
Posts: 3540
Registered: 8-27-2003
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Warning on Chula Vista Costco: the exchange window closes for the day at 3:00pm. At least it did last year.
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castaway$
Senior Nomad
Posts: 742
Registered: 7-31-2007
Location: Gold Hill, Oregon
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Mood: Fish on!
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We have used costco many times but we wanted to trade the dollars now in case the exchange rate changes. Dennis I have used the ATM's but they don't
dispense very much and we like to hang out in smaller remote places, plus they charge a $2-3 fee each time I use one. Losfrailes I checked the website
but they are only offering 11.7 - 1 per the quote I got. Thanks all for the input.
Live Indubiously!
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gpm414
Junior Nomad
Posts: 67
Registered: 8-2-2006
Location: Summer: Oregon Winter: Baja
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We are Oregon B of A customers and use our atm card in Baja all winter for cash. Santander Bank is associated with B of A and there are no fees for
cash withdrawals from your US account. The rate always seems to be the daily posted rate, which is the best you can get. The only thing we do is
call B of A before leaving the US to let them know we will be in Baja Mexico making cash withdrawals from our account for a certain time. It avoids B
of A thinking someone is using your card out of the county and putting a lock on your account.
Lastly, we always try to use the atm in the bank during banking hours, which has always been secure. If the machine malfunctions you can usually get
help immediately. Yes, we do also stop at Costco on the way south for traveling cash. Have a great trip.
[Edited on 6-19-2009 by gpm414]
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lizard lips
Super Nomad
Posts: 1469
Registered: 8-30-2002
Location: EARTH
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My wife has a B of A account and she takes pesos from the atm at Sandtander bank with no international charge. You may consider this as an option.
They give the the current rate of exchange which is great. My bank is not affiliated with any bank in Mexico and I get screwed every time I take pesos
out sometimes to the tune of $11.00 per transaction.
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lizard lips
Super Nomad
Posts: 1469
Registered: 8-30-2002
Location: EARTH
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| Quote: | Originally posted by gpm414
We are Oregon B of A customers and use our atm card in Baja all winter for cash. Santander Bank is associated with B of A and there are no fees for
cash withdrawals from your US account. Have a great trip.
[Edited on 6-19-2009 by gpm414] |
Looks like GPM beat me to it but excellent info. any way
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
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PEMEX stations in some places short you on your purchase and rig their pumps. I wouldn't use their ATMs with your debit card. The only ATMs I use is in bank lobbies. My BofA card charges $11 per transaction, my Credit Union card charges me nothing.
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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Hey, George.....which Credit Union????
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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Want to get screwed on foreign currency exchange? Go to Europe.
Just got back from Italy for three weeks. Aside from not having any drinking fountains anywhere and thereby forcing you to pay $1.80 USD for 12
ounces of bottled water, charging you $2.00 to use a public toilette while out and about, and most of the restaurants not providing free tap water to
drink but instead charging at least $3.00 USD for bottled water plus a cover charge per person of $3.00 + 10% service charge on the amount of the food
bill, getting $250 euros (equivalent to $350 USD) from the ATM costs a small exchange rate differential hit + $3.00 USD bank Charge + $5.00 USD
Transaction charge. The aiport money changer charges a 25% commission on changing $100 Euros to USD.
We common people just keep getting financially raped at every turn.
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Von
Senior Nomad
Posts: 961
Registered: 10-1-2006
Location: Poway-Rosarito
Member Is Offline
Mood: getting ready!
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Ive always noticed how well i get screwed at the gas pump every time i give them dollars.......lol...
READY SET.....................
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