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oldlady
Banned
Posts: 1714
Registered: 10-31-2005
Location: BCS
Member Is Offline
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Bancomer has a relationship with JPMorgan Chase
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Fatboy
Senior Nomad
Posts: 746
Registered: 6-28-2005
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Question for everyone...If we plan to travel to Mexico next summer would now be a good time to buy peso's for that far out?
Because there are so many things that could happen, lets just assume that the US economy gets back in line, would the peso then return to trading at
around 10 to 1USD?
Or would it more likely stay around 12/13 to 1USD?
If it stayed at 12/13 would all the prices go up to offset it?
Would the only advantage would be if they returned to historic exchanges?
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fishbuck
Banned
Posts: 5318
Registered: 8-31-2006
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Do any mex banks have a relationship with Wells Fargo?
"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.
A clever person solves a problem. A wise person avoids it. – Albert Einstein
"Life's a Beach... and then you Fly!" Fishbuck
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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fishbuck
i don't think so. but we use WF and the fee is only $5 for out of network fees. not too bad...
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bajabound2005
Ultra Nomad
Posts: 2760
Registered: 10-15-2005
Location: Punta Banda, BCN
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Mood: words cannot describe...
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Yes, Wells Fargo and Bancomer; Bank of America with Santander AND Scotia Bank. The others I can't vouch for....BUT, you may have to have a certain
TYPE of acct for the fees to be waived. CHECK WITH YOUR US BANK FIRST. Given the info I've given you here, if you don't like the answer you get, ask
for a supervisor. We've learned times over that the canned answer is "if you use a foreign ATM, you are charged the fees". NOT TRUE! Persevere and
ask and ask and ask again. If all else fails, ask for a Mexican rep...they KNOW!
[Edited on 11-26-2008 by bajabound2005]
Friends don't let friends drink white zinfandel.
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castaway$
Senior Nomad
Posts: 742
Registered: 7-31-2007
Location: Gold Hill, Oregon
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Mood: Fish on!
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Looks like the Peso is starting to bounce back a little, 13.348 - 1 today.
Live Indubiously!
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Lindalou
Senior Nomad
Posts: 623
Registered: 1-12-2004
Location: Punta Banda Baja
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We bank through a credit union in Nv. Never had a charge for the ATM. in the last 4 years. All of a sudden !% not bad but never used to be there and
no warning about it. They did warn us if they move money over from your savings to your checking to cover your card transactions (not checks) they
will charge the $25 fee.
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BMG
Super Nomad
Posts: 1776
Registered: 6-10-2007
Location: La Paz / Bahia Asunci�n / Away from home
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We have always withdrawn M$4000 when using an ATM. Last spring before we headed north, M$4000 cost us U$386 in the beginning of June. Yesterday (Nov
24) I withdrew M$4000 and our account today shows it cost us U$287.
I think the world is run by C- students.
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bajabound2005
Ultra Nomad
Posts: 2760
Registered: 10-15-2005
Location: Punta Banda, BCN
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Mood: words cannot describe...
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1 USD=13.2275 MXN (as of this moment)
Slim Says Mexican Peso Poised to Rally, Economista Reports
Nov. 25 (Bloomberg) -- Carlos Slim, Mexico’s wealthiest man, said the peso is poised to rally against the U.S. dollar, El Economista newspaper
reported.
Investors who purchase dollars with pesos “at these prices will have to sell them cheaper” later, Slim said in Buenos Aires, where he joined a
delegation of business leaders accompanying Mexican President Felipe Calderon on a state visit to Argentina, the Mexico City-based newspaper reported.
Slim also said he expects inflation to recede in Mexico, according to Economista. Slim called the recent pickup in inflation “momentary,” the
newspaper reported.
Friends don't let friends drink white zinfandel.
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