Hello, I've used this forum quite a few times and thought I'd sign up to ask a question that I havent seen an answer to yet. I have been to Cancun before so I am pretty clued up on most things. However with the £ against the $ so awful at the moment for us Brits I was wondering if I should take more Pesos this time. From What i remember from the hotel, I could either pay $50 to enter a club all inc or something around $$550 mexican Pesos. So i guess what I am asking is how much in Pesos would I be expected to pay to enter say Coco Bongos (I know the prices vary so just a general idea would be good). I tried to look on their website but couldnt find anything relevant. Any answers would be greatly appreciated.
money well if it costs $60 us dollars = 779.358 pesos... 60 Euros = 1.041.45 pesos to be honest, if I were you I would def. switch to peso's to get more for your money...
exchange rate The exchange rate is: Euro is at 1.35219 to 17.6717 peso's pretty darn good i say....... for us Americans we pay for every 1 us dollar its worth 13.0722 peso's
With the current great exchange rate from £ directly to Pesos 1.00 GBP = 19.8385 MXP I would suggest doing that rather than lose money doing a intermediate currency exchange (such as into USD) Besides Pesos are the official currency of Mexico and they can't refuse to accept Pesos in payment for any goods or services while in the country !
Not sure where these exchange rates are coming from, but although they are close, they are slightly off the local bank rates. Yesterday, at the close of business the Banamex rate was $12.75 Mxn to $1 US and $19.7365 Mxn to $1 GBP. Not sure it was asked but it is $17.6536 Mxn to $1 EURO. You can get current rates at www.banamex.com.mx that are updated within 25 minutes of any change thereof. Generally you are better to only change currencies one time like GPB to MXN and not GPB to USD to MXN and you are nearly always better to pay in pesos when paying in cash. Have fun.
Re: rates You have to remember that Xe quotes the midmarket rate, the rate that huge institutions exchange at. When you're swapping currency at a travel agent or a cambio you'll get much worse rates than you see on Xe.
