Traveler's Checks or ???

[bobfmdc]

Bob, wouldn't that be .7 of a percent? Not 7%??? I've seen larger spreads than that when I've been on the island.

No, it is actually about 6.5%, but 7% sounded more dramatic.

Suppose you want to get 1000 pesos. At a rate of 10.8 pesos per dollar, it would cost you 1000 / 10.8 = $92.59 (without fees). At 11.5 pesos/dollar, it would cost you $86.96. The difference is $5.63.

$5.63 / $86.96 = 0.0647, so an exchange rate of 10.8 costs you about 6.5% more than a rate of 11.5 pesos/dollar.

QED

 

[Dave Dillehay]

Aldora Divers takes MC and Visa or with 10% discount for cash. I have no idea why others may have a problem with Travelers Checks which we accept with no problem. It may be that we at Aldora have a high enough activity to avoid the problems others face.


dave dillehay
aldora divers
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