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mojo_norte
Senior Nomad
Posts: 725
Registered: 2-14-2006
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Buy Pesos ?
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mtgoat666
Select Nomad
Posts: 19263
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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Sure! Why not?
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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I do each trip.
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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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GottaPeso!
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
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buy a bunch....they go quick 
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David K
Honored Nomad
Posts: 65088
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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On each of my research trips for this year, I have exchanged dollars to pesos before crossing south.
Last New Years, it was 20.00:1 (pesos: dollar).
Jan. 30, it was 20.20:1
Mar. 2, it was 18.80:1
Apr. 19, it was 17.70:1
Interestingly, most of the Pemex stations (at least near the border) offered the same or better exchange rates. The advantage is less confusion during
purchases. The argument about national honor using Mexican money is kind of mute when you see so many locals using dollars for their purchases. Baja
is really a dual currency region, at least the northern state is.
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ehall
Super Nomad
Posts: 1906
Registered: 3-29-2014
Location: Buckeye, Az
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Mood: It's 5 o'clock somewhere
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May 12th was 18.60
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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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Peso exchange
And this morning it is 19.08
[Edited on 5-18-2017 by bajaguy]
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David K
Honored Nomad
Posts: 65088
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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Great... the figures I posted were the actual exchange house rate I got buying pesos, not a bank online quote. I use the money exchange booth in the
Auto Zone parking lot (diagonal from Pep Boys) in Calexico, a couple blocks north of the border.
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kevin_in_idaho
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Posts: 143
Registered: 12-13-2016
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Yes, buy pesos. Many camp grounds, etc. still give you a very good deal if you pay in pesos.
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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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Mood: Full Time Residents
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I don't know where you get these rates...
today at the bank the exchange rate was 18.13
yesterday 17.9
I assume the cambios at the border are 17.5
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
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Wasn't very long ago, Feb. maybe, the border cambios were
21 ish. Calexico cambio, a week ago was 18.10. Found the
rate at stores, etc. in Baja at 18
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AKgringo
Elite Nomad
Posts: 6124
Registered: 9-20-2014
Location: Anchorage, AK (no mas!)
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Mood: Retireded
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Of couse you should buy pesos!
Renting them just doesn't make sense!
I was packing my travel bag for my trip back north this evening, and found 7800 pesos left over from my Nov/Dec trip. I knew I had some left, but
sure lost count of what was in my emergency stash!
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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Doug/Vamonos
Nomad
Posts: 418
Registered: 6-19-2006
Location: Bahia de los Angeles
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Did anyone ever determine if the withdrawal limits at mexican bank atms have been decreased and how much? Lately I've been using the atms in the
parking lot of the Walmart and Home Depot in Ensenada. I usually use three atm cards and withdraw 4,000 or 5,000 pesos each if they will let me. Last
month I think I remember only being able to get 3,000? It would not accept anything more. And still charged the same fee with the lesser withdrawals.
Thanks.
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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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I routinely withdraw 6,000 pesos at a time from ATM's at Banorte, HSBC and Santander at the Wal-Mart Microplaza and at the Banamex ATM in COSTCO
Quote: Originally posted by Doug/Vamonos  | | Did anyone ever determine if the withdrawal limits at mexican bank atms have been decreased and how much? Lately I've been using the atms in the
parking lot of the Walmart and Home Depot in Ensenada. I usually use three atm cards and withdraw 4,000 or 5,000 pesos each if they will let me. Last
month I think I remember only being able to get 3,000? It would not accept anything more. And still charged the same fee with the lesser withdrawals.
Thanks. |
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Doug/Vamonos
Nomad
Posts: 418
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Location: Bahia de los Angeles
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Thanks Bajaguy. You've done that in the past month? I had no problems in February and March but did have problems in April. Is the Microplaza the same
place I'm referring to?
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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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Yup, the MicroPlaza is where the Wal Mart/Home Depot complex is located
We use two debit/ATM cards, one from our local Credit Union and one from USAA, and notify both by phone when we will be in Baja, no problems.
You might also want to try Banco Imbursa, same plaza, next to the Telcel store.
One problem might be your card(s) do not have a high enough daily US funds withdraw amount/rate vs the current peso exchange rate. Check your US daily
withdraw amount with the bank or financial institution who issued your card.
Our last withdraw was April 12th of this year
| Quote: Originally posted by Doug/Vamonos | | Thanks Bajaguy. You've done that in the past month? I had no problems in February and March but did have problems in April. Is the Microplaza the same
place I'm referring to? |
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Doug/Vamonos
Nomad
Posts: 418
Registered: 6-19-2006
Location: Bahia de los Angeles
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Thanks a lot. My withdrawal limits are $500 on each. In fact, I call my credit union after my first withdrawal and they authorize a second. I'll give
it a try again and at the other banks. And I always place the travel notice. Didn't have problems before and I noticed several posts last month about
mexican banks playing with the withdrawal limits and fees.
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J.P.
Super Nomad
Posts: 1673
Registered: 7-8-2010
Location: Punta Banda
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A. T. M.
Every one makes money on the exchange of money. We live in Ensenada and use our Bank card at least 2 or three times a week the exchange rate is
different every where you shop. It is Foolhardy to expect the people to give you the exact posted rate.
The use of American dollars is discouraged and not as popular as it was in the past. The Mexican banks have a limit on how much foreign money a
merchant can deposit.
as a practice I withdraw the limit and when that is gone I withdraw more. For large purchases it sometimes takes a while to accumulate enough by
drawing the maximum
amount. I do not use Mexican bank's
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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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Stay away from BBVA Bancomer
| Quote: Originally posted by Doug/Vamonos | | Thanks a lot. My withdrawal limits are $500 on each. In fact, I call my credit union after my first withdrawal and they authorize a second. I'll give
it a try again and at the other banks. And I always place the travel notice. Didn't have problems before and I noticed several posts last month about
mexican banks playing with the withdrawal limits and fees. |
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