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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
Member Is Offline
Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Peso vs $ as of 11/5/14
In Loreto, using the banks ATM, I netted 13.54 pesos to the $ on my bank card.
You can look at the rates the web sites give but to me it's what the magic machine spits out that really counts.
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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I always figure that if you can get within 0.1-0.2 pesos of the posted rates on sites like xe.com, then you arent doing too bad.
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Howard
Super Nomad
Posts: 2353
Registered: 11-13-2007
Location: Loreto/Manhattan Beach/Kona
Member Is Offline
Mood: I'd rather regret the things I've done than regret the things I haven't done.
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I understand but they are all meaningless numbers to me. The only thing that counts to me is what I get.
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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baconjr
Nomad
Posts: 128
Registered: 7-14-2012
Member Is Offline
Mood: Es la vida de perro!
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This is the web address for tipo de cambio for the Mexican government is http://www.sat.gob.mx/informacion_fiscal/tablas_indicadores/... Having the actual price so close to the street level does not bode well for the
peso. Looks like the peso is going to test the 14.28 level. Things will get cheaper.
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
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Try the Visa credit card rate calculator:
http://usa.visa.com/personal/card-benefits/travel/exchange-r...
It has the rate that relates to visa debit/credit card ATM peso withdrawal usage. I find that the rate usually doesn't change during the day and
doesn't change from Friday thru Sunday and sometimes Monday. In my experience, the rate is usually within the range of -$0.07 MXN of what the actual
exchange rate is on my Visa ATM peso withdrawals. For example, if the calculator rate is 13.57, my actual withdrawal rate is around 13.50. Not bad.
I have never been able to find a website that has the exact rate at withdrawal...nobody in the banking world that I have ever contacted actually
knows...what is worse, none of those that I have asked actually don't know that they don't know and ... they usually don't care that they don't know.
Typical.
[Edited on 11-7-2014 by MitchMan]
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
Member Is Offline
Mood: Always cranky unless medicated
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Always my belief that if you have to ask if you can afford it, you can't afford it. The only reason money was invented because chickens and pigs is
too hard to carry; when the exchange rate goes up, the little red or green price stickers increase on all the cans/products daily.... just that nobody
removes 'em when the rates go back down.
Every fall the rates go up, and about March-ish, they drop as the flocks flurry northward and exchange pesos for US/CAN dolares. For now, use plastic
@ ATMs, take out maximum ($6,000 NP) at every withdrawl for maximum yield, spend liberally, and tip proportionally (don't over-tip, can be insulting).
Make the world go 'round. Pennies to us, lifetimes to locals. A mile in their moccasins will make your pads hurt.
(Insert Bobby McFarrin's 'Don't Worry, Be Happy' *HERE*)
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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And..one more time..a lot of us dont care....there isnt anything to be done about it..it's chump change......deal with it....
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ligui
Senior Nomad
Posts: 833
Registered: 2-9-2008
Location: Fraser co.
Member Is Offline
Mood: love Baja !
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Got some extra change ?
Chuckie where abouts are you in the high country of colorado ? We are in Fraser .
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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Got a coffee can of Mexican Iron money...every now and then I dump it into one of the charity buckets...I am in Westcliffe, but its getting cold...I
have a knee surgery scheduled on the 20th, then heading South 1st week in December
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ligui
Senior Nomad
Posts: 833
Registered: 2-9-2008
Location: Fraser co.
Member Is Offline
Mood: love Baja !
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Great spot chuckie ! Always liked that area of colorado .
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shari
Select Nomad
Posts: 13045
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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| Quote: | Originally posted by bajabuddha
(don't over-tip, can be insulting). Make the world go 'round. Pennies to us, lifetimes to locals. A mile in their moccasins will make your pads
hurt.
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I respectfully beg to differ on this theory that overtipping is bad and will "ruin" people. Tipping is relative...if the person does a great job above
and goes beyond the call of duty...they deserve a bigger tip AND of course it depends if the tipper can afford it...tip liberally to make up for all
the cheap bastards who dont tip at all...it all comes out in the wash. I have never seen anyone be insulted by a generous tip...ever!
It is the Mexican custom to not accept a tip...but they really do expect it much of the time and most certainly appreciate any gratuity. When they
shake their head...just put it in their pocket or car and say...Para la soda...and they will accept it. Remember No doesnt mean No here!
At gas stations, my um....stingy Canuck spirit gives the window washer a couple pesos and my Mexican husband gives em 10 or 20 pesos!!! same for
grocery baggers etc. But hey if you have an extra buck...lay it down brother!
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KurtG
Super Nomad
Posts: 1205
Registered: 1-27-2004
Location: California Central Coast
Member Is Offline
Mood: Press On Regardless!!
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Shari,
I'm with you on tipping. As you know I am a budget traveler but I am very aware that my modest means exceed that of the people who are pumping gas or
working in places where we eat so a few extra pesos are always available for tips.
One of the things that surprised me at Ojo Liebre is that most of the whale watchers don't tip the panga skippers. Those guys do a great job and I
remember that you explained that as ejido members they don't make a lot. I always have a $100np bill ready and it is always received with a smile. I
hope that you suggest to your whale watching customers that if they are happy with the skipper they do likewise.
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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There isnt "anything to be done" if you dont have many choices, like in the Mulege area. That's why some are happy getting 12 to 1 (like Bob and Susan
claim) when the rest of us are getting 13.5 to 1.
But when you are living on pesos and you have CHOICES on where to go and what card to use or what bank or casa de cambio to do an exchange, it makes a
difference.
We usually take out 6000 pesos a shot, sometimes both of us. A difference in 1.5 pesos is about 55 US dollars per withdrawal. That's not chump change
to some of us, living on a fixed income. That's a day or two worth of fishing, depending on how close the fish are. That's two bottles of really
excellent wine or tequila.
In the last year, the pesos has been as low as 12.8 and as high as 13.6, sometimes with sharp moves over a few days. Even taking advantage of that,
you can save 27.00 US per transaction, if you are judicious in accumulating on highs and avoiding lows.
Dont worry, be happy? Don't worry, be nd over!!!
[Edited on 11-7-2014 by Hook]
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
Member Is Offline
Mood: Weary
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I dont get the "bend over"part...Where do you see yourself getting screwed?...Seems like business to me...FYI: 55.00 is just barely ONE good bottle of
Tequila...If you can peg the highs and lows of currency markets. you must be rich by now anyway...Dont worry be happy
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shari
Select Nomad
Posts: 13045
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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I was mad when the bank made me open a dollar account last year but I sure like it now as I can stash the US dollars in it and wait for a favourable
exchange rate to transfer dollars to my peso account for everyday use. I like that option especially lately!
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Tell me more about this, Shari. The bank forced you to open a dollars account? In Mexico? I thought they actually did away with dollar accounts in
Mexican banks.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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At this moment, the official rate:
13.54 to one
"YOU CAN'T LITTER ALUMINUM"
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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the border exchanges yesterday were 13.017 to the dollar in the usa
same all the way to Ensenada
then south 12.95
the bank last week...I netted 12.899 after fees
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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the rule at thebank this year is when you have a peso account...
you can deposit and exchange $4000usa dollars a month to pesos without a tax
over 4k you pay a tax
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shari
Select Nomad
Posts: 13045
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
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last year I showed up at the bank as usual to make a $1,200 US dollar deposit and out of the blue they said they no longer took dollars unless you had
a dollar account...sheesh...so OK, it took a half hour to open a dollar account but I was miffed to have yet another account to manage and pay fees
for. A few months later they decided they were once again going to accept dollars deposited in a peso account but now I am liking my dollar account to
squirrel money away then transfer it to my peso account when the exchange rate is favourable...winner winner chicken dinner!
Susan...is this new, I was told $1,200 deposit in cash before charging the tax?
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