Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 19-10-2010, 21:25   #1
Registered User

Join Date: Jul 2007
Location: Puteri Harbour Marina, Johor Bahru, Malaysia
Boat: Shin Fa 458 Custom Cutter but looks like a Liberty 458
Posts: 276
Exchanging Dollars for Pesos ?

This may be a bit off topic for this forum, but does anyone have any idea as to wether you can still change US $ in for Pesos in Mexico. When we left, we heard that there had been a ban on doing exchanges to try and stop drug folks from laundering their money. As we are planning on heading back in a few days, I want to make sure the US $ I'm taking back can get changed once we get there.

mestrezat is offline   Reply With Quote
Old 19-10-2010, 21:57   #2
Registered User

Join Date: Jun 2010
Boat: Far East Mariner 40
Posts: 303
I think that must only apply to large bank transactions. I'm sure unless you are talking about a large amount of money the local casa de cambio will change it for you. I just sent several hundred dollars to Mexico via moneygram to be collected in Mex. Pesos down there.

I do all my own stunts.
vintageray is offline   Reply With Quote
Old 19-10-2010, 23:03   #3
Registered User
Morganministry's Avatar

Join Date: Nov 2009
Location: Klamath River, California
Boat: Buccaneer 240
Posts: 157
Send a message via Skype™ to Morganministry
I just use the american dollars there. The exchange rate isn't as good at the taco stands. (10-1) But most of the stores will actually calculate the daily rate and give you the correct change in pesos.

Morganministry is offline   Reply With Quote
Old 20-10-2010, 06:56   #4
Moderator Emeritus
GordMay's Avatar

Cruisers Forum Supporter

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 29,375
Images: 240
It appears that the use of a debit or credit card will circumvent the $1,500 monthly cap.


September 13, 2010

In order to regulate the quantity of dollars entering the Mexican banking system, beginning September 14, 2010, the Mexican government will cap the amount of dollars foreigners can exchange for pesos in Banks & Money Exchange Establishments to no more than US$1,500 per month.

The measure WILL NOT AFFECT purchases made with credit cards or debit cards in Mexico.

The measure WILL NOT AFFECT the amount of CASH (in Mexican pesos) an International Tourist can withdraw from an ATM machine on a daily or monthly basis.

It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause.

Source ➥ Attention Travelers! Mexico has Changed the Exchange Rules for US Dollars*|*Mexico Premiere
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"

GordMay is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Initiative for Exchanging Sailboats - Sicily : Minorca stevern Cruising News & Events 4 26-03-2010 06:20
Your Tax Dollars at Work TaoJones Rules of the Road, Regulations & Red Tape 28 14-03-2008 17:15
Just in time for 'Cane Season...Our Tax Dollars at Work...For Now... Geoff S. Atlantic & the Caribbean 8 16-06-2007 06:38

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 18:53.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.