Comments on: A Tale of Two Airport Exchange Rates https://www.mexperience.com/a-tale-of-two-airport-exchange-rates/ Experience More of Mexico Tue, 05 Apr 2022 11:38:08 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Steve in Merida https://www.mexperience.com/a-tale-of-two-airport-exchange-rates/#comment-991 Sat, 13 Sep 2014 12:32:46 +0000 https://www.mexperience.com/?p=4339#comment-991 I agree, just take it out of machines. I get 11.4 pesos for Canadian dollar right now. I only get 11 when I recently left Canada. Also when I use my MasterCard I get 11.95 pesos per dollar exchange. So just get enough pesos before you leave to get you through the first day. Then exchange here.

]]> By: Alan-Merida https://www.mexperience.com/a-tale-of-two-airport-exchange-rates/#comment-990 Sun, 31 Aug 2014 20:49:39 +0000 https://www.mexperience.com/?p=4339#comment-990 Íf planning to use your bank ATM card, be sure to advise your bank just PRIOR to your travel of your travel plans. If you have more than one Visa or MasterCard network cards, all the better.
The article’s example used sterling examples, If your British bank is Barclays, check into the Global ATM Alliance that will grant you free ATM access to certain Mexican bank ATMs and, I believe, a waiver of the foreign transaction fee. Otherwise, you will have to pay a fee to the Mexican bank that varies according to the bank; the ATM screen will advise you in Spnanish of the charge prior to your completing any transaction.

When entering the withdrawal amount, recall that it will be in Mexican pesos (unless the machine dispenses USD, in which case you will have to opt for USD).

Some folks have said in the past that the ATM rate at the airport is not as good as ATM rates away from the airport. I do not know about that. Do realize that the rate you get depends on the moment you effect your transaction AND the Mexican bank.

So the fees you can wind up paying at the ATM include your bank’s possible charge for using a foreign ATM, your bank and Visa or MasterCharge’s assessment of a foreign transaction fee, and the given Mexican bank’s charge for ATM access.

Guess what? All those charges, you are still typically far better off than going to an exchange house — particularly but not lmited to those at the airport.

Oh, and forget traveler’s cheques, they are from the past. Wads of cash? Don’t flash them! Pleace all valuables in your hotel safe asap.

]]> By: Miriam https://www.mexperience.com/a-tale-of-two-airport-exchange-rates/#comment-989 Sat, 30 Aug 2014 01:42:12 +0000 https://www.mexperience.com/?p=4339#comment-989 Wow! I found this article very surprising. I always thought that money exchange rates were set up by an international commission or something to avoid things like this.

]]> By: D Ryan https://www.mexperience.com/a-tale-of-two-airport-exchange-rates/#comment-988 Fri, 29 Aug 2014 18:15:29 +0000 https://www.mexperience.com/?p=4339#comment-988 Just use an ATM when you get to Mexico, you usually get a better rate than the exchange kiosks. AND if you have a bank that does not charge you fees, even better.

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