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Iflyfish
Ultra Nomad
Posts: 3747
Registered: 10-17-2006
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Thanks to Bob and Susan we used the Chula Vista Casa de Cambio and it was excellent, plenty of room for our MH and no wait. Great option if going thru
San Yasidro crossing, which this year was the easiest crossing in my over 45 years of visiting Baja. Ya gotta love the Nomads!
Iflyfish
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wilderone
Ultra Nomad
Posts: 3894
Registered: 2-9-2004
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I know the exchange rate changes every day, but the day I bought pesos and then traveled it went like this: offered at $12.03 in San Ysidro. The
cambio next to the bank near migra at TJ offered at $12.06. Had to buy pesos to get a visa, so I exchanged there. Two days later I saw exchange
rates in Ensenada at $12.18, and later the same day in San Quintin, at $12.25. I would therefore recommend that if you're passing through San
Quintin, buy there.
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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i found the EXACT opposite
lower rates in San Quintin...
litter higher in ensenada
better rates by the hospital in ensenada
and even higher at the border in the USA
the tecate crossing had good rates but recently were lower
best rate for exchange and PARKING
was at the Chula Vista Casa de Cambio
rates change daily and sometimes several times a day
i agree with safety issues
when exchanging money
watch your back
but that's always the way in southern california
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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costco vs sams/walmart prices
http://www.c-ckeyed.com/citizen/sams_club/sams_club.php
costco isn't really all that cheaper
you need to shop
i really don't know what the "draw" is...
may be the hotdogs and pizza
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by wilderone
I know the exchange rate changes every day, but the day I bought pesos and then traveled it went like this: offered at $12.03 in San Ysidro. The
cambio next to the bank near migra at TJ offered at $12.06. Had to buy pesos to get a visa, so I exchanged there. Two days later I saw exchange
rates in Ensenada at $12.18, and later the same day in San Quintin, at $12.25. I would therefore recommend that if you're passing through San
Quintin, buy there. |
Casas de Cambio, the competitive ones, are generally 2% below the bank rate at the time. That can change throughout the day regardless of where you
are.
Unless the transaction is large, it may drive one nuts trying to save a few cents with the best rate. Don't people have better things to do down here
other than trying to keep up with the money market?
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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let's do the math...
if you exchange $1000
one place you get 12.4 to the dollar or 12,400 pesos
the other place you get 12.1 to the dollar or 12,100 pesos
the differance is 300 pesos
or 1/2 a tank of gas in the truck
or 2 cased of beer
or a couple sheets of plywood
or dinner
or
a 262 peso FMM visa and a churro
[Edited on 11-21-2010 by Bob and Susan]
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MsTerieus
Nomad
Posts: 462
Registered: 6-8-2010
Location: Punta Banda, Ensenada, Baja California
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| Quote: | Originally posted by DENNIS
Don't people have better things to do down here other than trying to keep up with the money market? |
Ummm, reading and posting on Nomads all day? 
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castaway$
Senior Nomad
Posts: 742
Registered: 7-31-2007
Location: Gold Hill, Oregon
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Mood: Fish on!
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I have posted about this before and it always draws a bunch of responses, sounds like the San Ysidro place probably gives the best rate but not quite
as secure when carrying a wad of cash-What to do?
Live Indubiously!
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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Use an ATM at a bank or in a large grocery store
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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free standing ATM's in stores
are probably the most unsecure
places to use your card
they are sometimes serviced by non-bank employees
the bank will give you pesos out of the ATM but
remember there is a service charge EVERY time
you use it
actually for "castaway" the San Ysidro place
may be good because he's walking across
they have $5 day parking in their lot and
it's only 200 yds to the walk-across border
i did it...a little dusty but not bad
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roadhog
Nomad
Posts: 105
Registered: 10-29-2009
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by roadhog
how does costco calculate the exchange rate ? |
Are you asking about the Casa de Cambio in Chula Vista Costco or the purchases in Costco Mexico? |
CHULA VISTA !
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by roadhog
CHULA VISTA ! |
As I mentioned above, the Cambios establish a rate around 2% below the bank rate at the moment which you can get from Yahoo Finance as well as many
other sites.
The Cambio in Costco seems to be a bit more generous doing everything possible to facilitate a shopping experience for folks from below the
border...which is a good share of their business.
Below the border, the Cambios have more to do. They act as short-term money lenders selling secured loans to those who need a quick peso or two.
Their rates are breathtaking, but banks don't lend in that manner and when you need money, the Cambios have it.
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