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Mexico Travel - Swap your greenbacks for pesos or you'll pay the price
from: James TruettCABO SAN LUCAS, Mexico -- If you feel safer using your
greenbacks to pay for your purchases in Mexico, you're paying a
hefty premium for your imagined security.
While many stores, restaurants and bars in all but the smallest
towns generally accept U.S. currency in payment, you can be sure
that little shopkeeper is smiling as you walk out his door!
You just gave him a bonus - as much as ten percent - just
because you paid in U.S. dollars.
The International Monetary Fund currency exchange rate between
the U.S. dollar (USD) and the Mexican Peso (MXN) is about 10.50
pesos to the dollar as of this writing, but that's not what you
get from that nice little shopkeeper, sexy waitress or friendly
barkeep.
Most establishments set their exchange rates 10% lower than the
bank's rate to accommodate natural fluctuations in international
currency markets. So, while the bank rate might be 10.50 pesos
to the dollar, it's not uncommon for local businesses to give
only 9.50 pesos to the dollar.
The result: you end up paying 10 percent more for your
purchases. If that doesn't sound like much, consider this. If
the average traveler to Mexico spends $2,000 USD during a
one-week visit, that visitor could be paying an extra $200 USD
if everything is paid in dollars.
For reference purposes, the average Mexican worker is lucky to
make $100 a week, so the extra $200 you paid would cover the
wages of a Mexican worker for two weeks!
The moral of this story? When in Mexico, ALWAYS pay in pesos,
and you'll get the cheapest price and save money.
To find out how to get the very best currency exchange rate, and
how to get your travel cash in a foreign currency before you
leave home, you'll want to check out the e-book, "50 Things You
Must Know Before You Travel to Mexico". The book contains vital
information for anyone planning to travel to, live in or retire
in Mexico.
For more information, go to:
http://truestarpublishing.com/ART101/
About the author:
James Truett, a former AP reporter, writes from his home in Cabo
San Lucas, Mexico. His
book, "50 Things You Must Know Before You Travel to
Mexico," contains vital information for anyone traveling to
Mexico. For details,
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Mexico Specific links
Mexico News
Presidential hopefuls shy away from addressing Mexico's drug war - Houston Chronicle
 Boston.com | Presidential hopefuls shy away from addressing Mexico's drug war Houston Chronicle Mexico's scheduling conflict between a presidential candidates' debate and a soccer quarterfinals match got ugly Tuesday, May 1, 2012. It seems to have been turned into a grudge match, between whether Mexicans will tune in to watch politicos batting ... Youth protest former Mexican ruling party's rise Young Mexicans march against old ruling party, despite lead in polls |
Alleged perpetrator of mass beheadings in Mexico arrested - Chicago Tribune
 Chicago Tribune | Alleged perpetrator of mass beheadings in Mexico arrested Chicago Tribune MEXICO CITY (Reuters) - Mexican soldiers have arrested an alleged perpetrator of the massacre of 49 people whose corpses were decapitated, dismembered and dumped on a highway last week. Daniel Elizondo, alias "The Madman," a leader of the Zetas drug ... Daniel Elizondo Arrested: Alleged Perpetrator Of Mass Beheadings In Mexico ... Mexico arrests 'cartel leader' behind Monterrey deaths Mexico Cartel Leader Arrested |
Mexico detains 4th Mexican army officer for questioning, following drug ... - Washington Post
 Globe and Mail | Mexico detains 4th Mexican army officer for questioning, following drug ... Washington Post MEXICO CITY — Mexico's army announced Friday that it had detained a fourth high-ranking officer during a civilian investigation into alleged military links to drug cartels. Three generals were previously detained. The Defense Department said it ... Mexico Detains Third General in Cartel Probe Mexico Holds 4 High-Ranking Army Officers Mexico Detains 3rd General with Drug Cartel Links |
Cannes 2012: Mexico Film Archive Eyes Doubling of Admissions After Renovation - Hollywood Reporter
Cannes 2012: Mexico Film Archive Eyes Doubling of Admissions After Renovation Hollywood Reporter Mexico's Cineteca Nacional, the country's state-owned film archive and cinematheque, for the first time unveiled details here on Sunday about its new look and facilities following a year-long €22 million ($28 million) renovation and redevelopment that ... Mexico's Cineteca gets $29 million makeover Mexico unveils revamped Cineteca Cannes Roundup: 'The Physician's Quest, Celebrating 007, Mexico's Cineteca ... |
200-year-old shipwreck found in Gulf of Mexico - WWL First News
 WWL First News | 200-year-old shipwreck found in Gulf of Mexico WWL First News AP Reporting An oil company exploration crew's chance discovery of a 200-year-old shipwreck in a little-charted stretch of the Gulf of Mexico is yielding a trove of new information to scientists who say it's one of the most well-preserved old wrecks ... Explorers Find 200-Year-Old Shipwreck in Gulf of Mexico 200 Year Old Shipwreck Discovered In Northern Gulf Of Mexico |
