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Old 11-01-2011, 12:59 PM   #1
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Default Dollar or Peso

Advice please.
We are traveling from the UK.
Which is better US$ or Mexican Peso
We don't want to get stung twice on commison charges !
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Old 11-01-2011, 01:05 PM   #2
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There is no point using American dollars if you are a Brit. Why pay for exchange twice? Using the USD won't save you anything in the long run as I see it.
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Old 11-01-2011, 01:26 PM   #3
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What if you are coming from the USA? Is there any point? I think for me I would just rather leave a 1, 5, or 10 for a tip rather then mess with converting Peso's in my head while tipsy.
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Old 11-01-2011, 01:32 PM   #4
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Originally Posted by mbern1008 View Post
What if you are coming from the USA? Is there any point? I think for me I would just rather leave a 1, 5, or 10 for a tip rather then mess with converting Peso's in my head while tipsy.
Well the conversion is really simple, basically 10:1 for a quick estimate. They are happy to take USD, Canadian dollars, Pounds, Euros etc etc. Just remember that when they get tips in a foreign currency that they have to do the legwork to exchange those back into pesos to use for their day to day transactions.

It's up to you, but personally I like to tip in the currency of the country I am in.
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Old 11-01-2011, 02:07 PM   #5
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We normally use the US$ when we travel, But if you are converting it from the British lb. you could use the US$ in other countries that freely accept the currency if you have any left over....
We have a US account just for our travels and deposit any left over cash into that account.
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Old 11-01-2011, 02:23 PM   #6
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We are taking pesos, with a few dollars ($100) as emergency cover. And of course a credit card!!!!!
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Old 11-01-2011, 02:29 PM   #7
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Sometimes I'll bother with the peso to dollar conversion, today
at 13.6 to 1 (US). But,, most vendors (and some resorts we have stayed
at) will try to give u the old 10-1 spiel.. giving them an added quick
profit. Usually you can win this one quickly since they want to make
a sale. BUT,, within a day or two and we are in full 'vacation-have-fun-mode'
we could give a care less and go with the flow, especially after the icy
drinks are flowing..our tips are more frequent and get
bigger.. and,, we have yet to regret doing so.
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Old 11-01-2011, 03:53 PM   #8
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We took both US and Pesos and I found US money much easier to deal with. And anything we purchased outside of the resort (jet skis) was always quoted in US money anyhow. Next time I wont be bringing Pesos.
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Old 11-01-2011, 07:46 PM   #9
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Default I'd have to say pesos

Absolutely everytime I asked how much it was they would say the US$ price, but if you asked how many pesos they would add a zero or slightly less than adding a zero, which is about 25% cheaper if you pay in pesos

So $20 cab ride was 150 to 200 pesos which is actually only $12 or $15

I'm taking pesos for sure this time
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Old 11-01-2011, 08:35 PM   #10
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I like using pesos at the resort because a 20 peso bill holds up when wet a lot better then a couple of 1 dollar bills.

Of course on inflatable beer pong days I usually give Jose or Tiger a huge tip to start the day because we wear them out on shots and beers.
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Old 11-02-2011, 04:08 AM   #11
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A lot of places, when you pay in US dollars they give you change in Pesos, try figuring that out after a few drinks,lol
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Old 11-02-2011, 05:08 AM   #12
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Quote:
Originally Posted by Donald View Post
A lot of places, when you pay in US dollars they give you change in Pesos, try figuring that out after a few drinks,lol
Good point
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Old 11-02-2011, 05:16 AM   #13
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So it's Peso's then ??!! As you seem to say you get ripped off when using $
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Old 11-02-2011, 09:01 AM   #14
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If you are traveling outside the resort its nice to have a few peso's...Especially if you are taking public transportation or even a cab..The malls and Walmart take have no problem taking American, Canadian and European currencies.
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Old 11-02-2011, 10:40 AM   #15
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Quote:
Originally Posted by TillynMint View Post
So it's Peso's then ??!! As you seem to say you get ripped off when using $
For those of us that don't live in the USA it's better to get some Pesos before you leave home for immediate needs, then when you land use the ATM to get Pesos as you require more cash.

Your funds will go farther by using Pesos than an intermediate currency like USD

As an example most local Cancun business, taxis etc only offer a 1 to 10 conversion for USD to Pesos
- so if a taxi trip costs 200 Pesos and you pay in USD it will cost you $20 USD.

By converting directly from £ to Pesos, here is how much the taxi ride will really cost you
200 Pesos @ 21.57 to the £ = £9.26

By converting £ to USD and then paying in USD, here is how much the taxi ride will really cost you
$20 USD @ 1.59 to the £ = £12.50

So you would be saving £3.24 that you could use for something more important, like clubs and drinks !

Pesos are the official currency of all of Mexico (yes, including Cancun) - even if some tour operators list prices only in USD they have to accept Pesos - by law Pesos are the official currency of the country.

If you to to France and try to pay in £ or USD rather than in Euros some may accept it but you will get definitely ripped off on the conversion rate - same thing in Cancun
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Old 11-02-2011, 11:08 AM   #16
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Default I like Kragers post too

we are about to get the same bills here as the new pesos, they are a plastic bill and weather the pool way better than us paper

It was hard to get 20 peso bills for tipping though, if i could get 2000 pesos in 20 peso bills i would be set for tipping the entire trip.
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