tycobb1020 Posted July 18, 2018 Report Share Posted July 18, 2018 Can anyone help with the current exchange rates at ATMs or banks for USD in Ajijic area? Thanks. Link to comment Share on other sites More sharing options...
Floradude Posted July 18, 2018 Report Share Posted July 18, 2018 The official rate this morning is just over 19/1 Link to comment Share on other sites More sharing options...
bournemouth Posted July 18, 2018 Report Share Posted July 18, 2018 This site will give you an approximation: http://www.eldolar.info/en/mexico/dia/hoy Link to comment Share on other sites More sharing options...
MarkEliot Posted July 18, 2018 Report Share Posted July 18, 2018 Peso saved is a peso lost Link to comment Share on other sites More sharing options...
utilitus Posted July 18, 2018 Report Share Posted July 18, 2018 1 hour ago, Floradude said: The official rate this morning is just over 19/1 "The Foreign Exchange Commission, made up of officials from the Ministry of Finance and Banco de México, is responsible for foreign exchange policy in Mexico. At the end of 1994, the Commission determined that the exchange rate would be determined by market forces (floating exchange rate/free float regime)." Thus there is no official rate. See: http://www.banxico.org.mx/portal-mercado-cambiario/foreign-exchange-markets-exc.html Assuming its' accuracy, the site Bournemouth mentions could be an excellent daily guide for retail cambio... Link to comment Share on other sites More sharing options...
Natasha Posted July 18, 2018 Report Share Posted July 18, 2018 There is no such thing as a "current" exchange rate. It varies up and down during each day. For approx. values, look at sites like www.xe.com (which only gives "spot" rate), or www. oanda.com which can be altered to give spot, or 1 - 2 - 3 - 4 % differences to indicate credit card, ATM, etc. variances. Also, various banks and other ATM's will not necessarily be using the same rate at any given time. Link to comment Share on other sites More sharing options...
Tiny Posted July 18, 2018 Report Share Posted July 18, 2018 The current rate is when you walk up to an ATM and draw money out. The current rate is in your hand. Link to comment Share on other sites More sharing options...
solajijic Posted July 18, 2018 Report Share Posted July 18, 2018 And do not forget when you load your money into the investment vehicles at the local investment bank to negotiate your exchange rate advantage. Most used to give customers .25 to .40 above their stated rate. Get it in writing in the notes of your account on the computer. If you don't ask, you don't get. Link to comment Share on other sites More sharing options...
johanson Posted July 18, 2018 Report Share Posted July 18, 2018 These are all great ideas and each of us our own system. What I do, and it may not be the best, but I like it, is wire down dollars from my US Bank to my Actinver brokerage account where it is invested in US dollars. Then when I am advised to do so by my Actinver Broker, Aurora, I convert to pesos. So far she has been much better at determining when to convert to pesos than I have been. The last time, I got 20.8 pesos per US dollar by listening to her rather than listening to what I thought was best Oh, I get a much better rate of exchange in my Actinver Brokerage account than I do when using my Actinver Bank account. Is my system the best? Possibly not, but is much better than what I had been doing when I based it upon what I thought was the best time and/or account to make the exchange. Link to comment Share on other sites More sharing options...
holdrja Posted July 18, 2018 Report Share Posted July 18, 2018 I just google "1 dollar in pesos" and get the current rate, It shows 18.84 pesos per dollar right now. Schwab paid 18.69 pesos per dollar for an ATM withdrawal that I made last night. And remeber, Schwab refunds all ATM fees to your account, at the end of every month Link to comment Share on other sites More sharing options...
Bisbee Gal Posted July 18, 2018 Report Share Posted July 18, 2018 49 minutes ago, holdrja said: I just google "1 dollar in pesos" and get the current rate, It shows 18.84 pesos per dollar right now. Schwab paid 18.69 pesos per dollar for an ATM withdrawal that I made last night. And remeber, Schwab refunds all ATM fees to your account, at the end of every month Another Schwab user. While the rate is certainly important, if you use an ATM often and do not have a ATM fee-free card you will pay a lot in fees. On average my Schwab account refunds me appx. $25 USD a month in local ATM fees. Link to comment Share on other sites More sharing options...
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