Your home currency is easily exchanged in the Lakeside area. A
variety of money exchange options are available such as:
The tabs below explain your various options for exchanging you currency into Mexican Pesos.
home currency is easily exchanged throughout the Lakeside area. A
variety of money exchange options are available such as: banks, ATMs and
casas de cambio (money exchange houses).
Your best bet is to use your home bank
debit card at an ATM and receive pesos to pay for your shopping, dining
out and other purchases, because you will receive the current exchange
rate rather than the arbitrary proprietor's rate. All the typical
precautions should be taken. Airports and Hotels typically offer the
worst exchange rates and should therefore be avoided.
The exchange rates vary hourly as well as
daily on the World Exchange. The rates fluctuate constantly, and while
this is not normally an issue, it can be quite confusing to some
There are money exchange houses or booths, called casas de cambio, located throughout the Lakeside area. Just look for the sign, along with the exchange rates posted. Casas de cambio
do not charge a fee or commission. They will exchange mostly from U.S.
and Canadian Dollars into Pesos, although, some will also exchange
Euros. They will also exchange travelers’ checks.
some people will accept U.S. dollars at Lakeside, the official currency
in Mexico is pesos. (Canadian dollars, and other currencies, are more
difficult to exchange, so we recommend you bring U.S. Travelers Checks
There are several "Casas de Cambio" (money exchange houses) where you can exchange foreign currency. You can find some Casas de Cambio in Ajijic, there are also some in Guadalajara. In the Casa de Cambio you will be able to exchange your American or Canadian Dollars to Mexican Pesos. Quite often the Casas de Cambio
will offer a better exchange rate than the banks. Some even offer check
cashing facilities but you will need to establish an account and
provide references – usually local people with established accounts.
We recommend that you change $50 to $100
dollars to pesos (small denominations as large denominations are
difficult for the small shops to change) before you come so you’ll have
some peso change to work with.
If you continue to maintain a U.S. or
Canadian bank account, you will be able to use your universal bank card
at most of the ATMs in Mexico, as well as your major credit cards to
take out cash advances.
CanadianForex is a wholly owned subsidiary of OzForex,
strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group.
CanadianForex is part of the OzForex Group which also includes OzForex,
UKForex, NZForex and Tranzfers.
Since its launch in 1998, the Group has grown to be one of the world's largest
online foreign exchange companies by offering super competitive exchange rates,
great technology and superb service.
The Group is an independent, online foreign exchange provider that operates dealing
rooms in Sydney, London
Offering seamless 24-hour access to Corporate and Private Client Dealers, the
Group completes over 200,000 funds transfers per year on behalf of Clients. A
combination of knowledge and expertise has made the Group a significant player
in the global foreign exchange marketplace, and one of the world's leading
online foreign exchange services, with over 500,000 visitors per month and more
than 65,000 transacting customers globally.
CanadianForex employs a blend of cutting edge technology and superb customer
service to bring a better deal to corporate and private customer alike. The
Company's rapidly expanding client base includes small and medium-sized
businesses that import and export goods, as well as migrants transferring
financial assets, expatriates repatriating funds, and individuals investing
register or learn more about transferring money internationally...
"A great service
for anyone needing to transfer money. I had never transferred money before, you
were very helpful and made it easy for me. I wouldn't hesitate to recommend
your service. I was very impressed with the proactive, prompt & efficient
service that you offered throughout the process, it's not very often you get to
see it these days!
An easy to use website, with a simple registration and transfer process and if
you're converting the cash yourself, it gets quite exciting too! A very
professional service that I would highly recommend."
happy with the service Canadian Forex has provided me. This was my first
experience dealing with a foreign exchange company and I would like to
compliment everyone with whom I dealt over the last several weeks. All of my
questions were answered fully in a professional and respectful manner. I
particularly appreciate the follow up emails and as well as the tips regarding
currency movements. I plan to use your services for all of my currency
transactions in the future. Sincerely, Don MacDiarmid. A satisfied customer."
"Our move to the US was
incredibly stressful but the service we received from CanadianForex was
outstanding. We could not believe the savings we made on the exchange rate by
using CanadianForex instead of our bank. We asked the bank to check their rates
twice thinking they had made a mistake as the savings seemed too good to be
true. The CanadianForex service and the 24 hour access to dealers also left the
banks for dead.”
CanadianForex for saving us a fortune in the exchange rate compared to our
bank's rates. The entire foreign exchange process was extremely smooth and
hassle-free. We wish we had found you sooner!"
"Thank you for
your assistance in this transfer. Actually setting up and completing the
transaction was very simple indeed, I will recommend you and your company if I
hear of someone in a similar situation. It was all so simple and fast and when
you compare to High street banks the rate is very competitive.”
discovering CanadianForex, we were sending funds overseas using the Canadian
banks. Not only did this method take forever to process but it came with
alarmingly high transaction costs! In contrast, CanadianForex provided a
straight-forward, quick and risk-free way of transferring my money. The
payments are always on time and the deal confirmations are highly professional
and courteous. I will definitely be recommending CanadianForex to all my
colleagues and friends."
official currency of Mexico is the Mexican Peso. Each peso,
represented by the “$” symbol is worth 100 centavos, with the centavos
being represented by the symbol "¢". Mexican peso coins are round and
the 1, 2 and 5 coins have a golden/bronze center circle with a picture
of the Mexican Coat of Arms (Eagle) in the middle with the outside
surrounding being of silver color. (The larger coins look somewhat like
the Canadian loonie).
For easy calculation to know how much you
are spending, just imagine every dollar to be worth $10 pesos (so a
$200 peso item will cost you approximately $20 dollars).
Universal Currency Converter - http://www.xe.com/.
Mexican coins can be found in denominations of 5, 10, 20, and 50 cent
(centavo) pieces. The larger peso coins are worth 1, 5, 10 and 20
pesos. The size of the peso coins reflects its hierarchy of value.The
Mexican peso bills are printed in denominations of 20, 50, 100, 200, 500
and 1000 notes. I will caution you that it may be difficult to change
the $500 and $1000 peso notes. Always carry small bills and change with
you. It is much easier on the small tiendas. When you give them big
bills, it takes all their cash (and maybe some of the next store’s) to
give you change. Try and get your bigger bills cashed at the bigger
stores or banks and have small change on hand for the local tiendas,
street vendors, buses and taxis.The bills are in different colors and
easy to differentiate.In most stores, you will find prices in pesos.
However, be careful if you are in the cities and especially the touristy
areas on the coast – occasionally they price in U.S. dollars.