There is no scarcity of banks in Mexico. In addition, there are numerous money exchanges particularly in tourist areas (avoid if possible). One gets the best exchange rates at banks. Still, it pays to shop around! As I had to do some banking this morning, I first checked out the bank that I normally use. Unfortunately for them, a competitor down the street was offering a better rate. The peso is relatively strong against the dollar right now. In the past year I have seen rates vary between 14.5 to 11.5 pesos against the US dollar. Right now we're on the lower end of this scale. Nonetheless, I was able to exchange this morning at 12.00. Not too bad! Keep in mind even at this rate buying power is great for us in Mexico. For the security of carrying traveler's checks, the exchange rate is usually about 10% lower. It's all a matter if what you're comfortable with. As I have a safe in my room, I don't mind bringing cash when I'm not moving around too much. I never walk around town with more than I'm willing to loose. One hundred pesos ($8US) fell out of my pocket as I was going into my hotel this afternoon. A man behind me came after me to let me know I had lost it and return it. Cool, huh!
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