Travel Money Advice

Discussion in 'Cancun Forum' started by andyc6uk, Feb 17, 2009.

  1. andyc6uk

    andyc6uk Newbie Registered Member

    Joined:
    Feb 17, 2009
    Messages:
    1
    Likes Received:
    0
    Ratings:
    +0 / 0
    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.
     
  2. michele64119

    michele64119 Enthusiast Registered Member

    Joined:
    May 8, 2009
    Messages:
    29
    Likes Received:
    0
    Ratings:
    +0 / 0
    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...
     
  3. michele64119

    michele64119 Enthusiast Registered Member

    Joined:
    May 8, 2009
    Messages:
    29
    Likes Received:
    0
    Ratings:
    +0 / 0
    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
     
  4. Cokewithlime

    Cokewithlime Guru Registered Member

    Joined:
    Oct 15, 2007
    Messages:
    648
    Likes Received:
    129
    Location:
    Toronto, Canada
    Ratings:
    +224 / 3
    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 !
     
  5. T.J.

    T.J. I can choose my own title Registered Member

    Joined:
    Apr 13, 2003
    Messages:
    3,045
    Likes Received:
    0
    Location:
    Cancun. QR, Mexico
    Ratings:
    +0 / 0
    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.
     
  6. michele64119

    michele64119 Enthusiast Registered Member

    Joined:
    May 8, 2009
    Messages:
    29
    Likes Received:
    0
    Ratings:
    +0 / 0
  7. Steve

    Steve Administrator Owner

    Joined:
    Feb 14, 2003
    Messages:
    16,924
    Likes Received:
    4,052
    Location:
    Cancun
    Ratings:
    +5,850 / 10
    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.
     
  8. michele64119

    michele64119 Enthusiast Registered Member

    Joined:
    May 8, 2009
    Messages:
    29
    Likes Received:
    0
    Ratings:
    +0 / 0
    money

    ok, good to know.. thank you for that clarification :oops:
     
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice