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In addition, I always figure the exchange rate to be 10x1. While that won't be exact, it's close enough for one's everyday spending.

 

If you are making a purchase in a regular store, and of course this is going to be dependent on what you're buying, I wouldn't give the cashier anything larger than a $20. If you're buying something from a stall or beach vendor, I'd suggest having several $5s & lots Of $1s.

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The real exchange rate is about 11:1, but if you use USD, most merchants, taxi drivers, etc. will only give you 10:1.

 

That's why they like it so much when you pay in dollars - they're making off with a few extra pesos.

 

We always take pesos out of the ATM at the beginning of our trips, but that's just us. You don't have to. All the prices are in pesos, so it makes it easier too.

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The real exchange rate is about 11:1, but if you use USD, most merchants, taxi drivers, etc. will only give you 10:1.

 

That's why they like it so much when you pay in dollars - they're making off with a few extra pesos.

 

We always take pesos out of the ATM at the beginning of our trips, but that's just us. You don't have to. All the prices are in pesos, so it makes it easier too.

 

We'll second that idea, and it's what we do. Check my posting in this (much) older thread. The numbers may have changed a little, but I believe the concept is still valid.

 

gary

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