mediumone
Contributor
First off, the official exchange rate that you may see on the Stock Exchange or other places is for massive amounts of transfers…and have only a small effect on what you get on the street or even banks in Cozumel. Today I saw a sign offering 17.95 pesos per US dollar but that place was closed. That is a trick that many change houses (even banks) use, that is to post a much higher rate than what they are really willing to pay when they reopen.
If I get 18 on Monday I'll be real happy.
Dave Dillehay
Aldora Divers
From my experience, I would expect over 19 at every bank ATM on Monday, withdrawing pesos from my USD funded local credit union. I don't calculate that rate precisely, as I ignore the Mexican taxes & fees that usually come to 25 pesos +/_ and also ignore the $1.00 USD non-bank ATM fee that the credit union assesses per transaction -- hence my usual withdrawal is $6,000 - $7000 MXN, or more.