What is the cheapest way to buy Mex Pesos?
Me again, from reading the different post, I see you need some cash to pay for different things like Autopista and some camping or else. What would be best way to buy Mexican Pesos? From a Canadian pe...
Forum Discussion
....say you want to buy 6000 Mexican pesos (with $478 CAD), and the ATM or conversion fee is $4...the "fee" would only represent a retail banking/ATM owner commission of 0.83% (virtually nothing). The problem arrises when you want to convert say $40 to pesos at $4 commission/fee !
...so, I agree with GTLA; use only ATMs (in safe locations) to do all your foreign banking. Opening an account in a bank with co-locations in Mexico just to use said bank as "a conversion vehicle only" could be fraught with all kinds of issues (minimum bank account balances, or fees; account establishment fees; statement fees; all kinds of hidden fees...). You can easily find a few pesos near the border with the US to get you by till you are a bit into Mexico. If you want to buy pesos in Montreal before you go, there is a bank-note exchange at: Calforex Currency Exchange, Montréal, in the Eaton Centre.
....while I'm thinking of it, also, make a "dummy wallet" (get a plastic wallet at dollar store), and stuff it with expired auto registration, expired medicare card, expired driver's license, expired passport, expired ATM card, a few random business cards, and a wad of small denomination Mexican pesos (small denom. bills with some big bills at top and bottom)...IF anything should happen (you'll probably never need to use it), you have a way out.
...so, I agree with GTLA; use only ATMs (in safe locations) to do all your foreign banking. Opening an account in a bank with co-locations in Mexico just to use said bank as "a conversion vehicle only" could be fraught with all kinds of issues (minimum bank account balances, or fees; account establishment fees; statement fees; all kinds of hidden fees...). You can easily find a few pesos near the border with the US to get you by till you are a bit into Mexico. If you want to buy pesos in Montreal before you go, there is a bank-note exchange at: Calforex Currency Exchange, Montréal, in the Eaton Centre.
....while I'm thinking of it, also, make a "dummy wallet" (get a plastic wallet at dollar store), and stuff it with expired auto registration, expired medicare card, expired driver's license, expired passport, expired ATM card, a few random business cards, and a wad of small denomination Mexican pesos (small denom. bills with some big bills at top and bottom)...IF anything should happen (you'll probably never need to use it), you have a way out.
