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cynthrod

Mar 13, 2011, 9:39 AM

Post #1 of 5 (3946 views)

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Dollars to Pesos

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Hi All,
I read Rolly's info on banking in Mexico and I'm a bit confused...
If I walk into a bank with $100 or $1000 US dollars, will they or won't they convert them to pesos for me? I'll be in Oaxaca.
Thanks,
Cynthia R.

mexicobuff

Mar 13, 2011, 10:26 AM

Post #2 of 5 (3920 views)

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Re: [cynthrod] Dollars to Pesos

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Generally speaking, banks will not change money for you unless you actually have an account with them. You will need to go to a casa de cambio to change money.

RickS

Mar 13, 2011, 10:50 AM

Post #3 of 5 (3904 views)

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Re: [cynthrod] Dollars to Pesos

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Like everything else Mexican (and in Real Estate) this question probably depends on...... location, location location.

For example, at Lake Chapala I have gone into an 'investment house' with $250 US and a passport and received pesos. The guy (Mexican) in front of me did the same with $1,000 (I was minding my own business but it's easy to overlook $1000 in pesos!).

YMMV

sparks

Mar 13, 2011, 1:16 PM

Post #4 of 5 (3871 views)

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Re: [cynthrod] Dollars to Pesos

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Changing cash you'll loose about 10% compared to using an ATM card

Sparks Mexico - Sparks Costalegre

cynthrod

Mar 14, 2011, 12:45 PM

Post #5 of 5 (3740 views)

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Re: [cynthrod] Dollars to Pesos

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thanks to all....
cr