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Canexforex | Tagged Posts

2022
13
August
Where is the best place to exchange money for pesos besides the bank?

Question:

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Jill

Where do you guys like to exchange your money for pesos? In the past I have always done it at the bank, but wondering if I can get a better deal somewhere else?

Humans say...

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Joanne

Following*

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Heather

Calflorex

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Terra

calforex

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Coreen

calforex

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Sue

There's a place in chinook mall. Second floor across from children place

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Laurie

yup calforex in Chinook. We exchange all our money there better exchange rate than the banks. Wide range of currencies too

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Jenn

Sue i second calforex too.. that’s my “go to” exchange when i travel.

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Allan

Sue calforex for the win

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Connie

Totally agreed! calforex always has the best exchange rate.

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Danny

SueCalforex has best exchange rate I have found in Calgary and when my son had a school project were happy to help him get very small bills of subject countries for only the value of the bills. My choice

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Tracy

I went to the FX place in Market Mall.

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Tracy

I went to the bank in August and they couldn't do it. Said they don't keep pesos so maybe they have to order them?

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Cathy

Tracy I guess it depends on the bank. Or maybe timing. I went to TD this month and got all the Mexican pesos I wanted in a variety of notes.

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Cindy

TD told me which bank had lots in stock when theirs didn’t.

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Robbin

Cindy banks and AMS get their currency from Calforex.

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Tracy

Yeah, I went to RBC. Have had the same problem with CIBC too.

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Christin

Tracy my bank orders them. Need two weeks notice

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Daniele

TD will order any denomination if they don't have at hand.

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Kathleen

I went to the calforex in the core downtown last week and spent $500 CAD and got $7000 in pesos.

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Jackie

I go to Chinook mall.

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Alan

calforex is good. If you are staying at an all inclusive it's good to have smaller notes for tipping. Call ahead and see what they have. Locations downtown on Stephen Ave, and Chinook.
Banks are good too. I've used both.

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Courtney

Another vote for calforex in Chinook mall.

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Tonia

Are you an engineer? Or know one? If you do then the exchange downtown will give you a better exchange rate and I believe they also wave or reduce the fees

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Sonja

Tonia Can u explain what an engineer has to do with money exchange?

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Tonia

Sonja as an engineer they would be a part of AGEGA which is their association. Through that association they will get certain deals and discounts.

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Sonja

Tonia I had no idea APEGA has discounts for money exchange. Do u know what company it is with?

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Tonia

Sonja that i can’t remember. It’s the one downtown in the mall.

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Tonia

Sonja yes they have discounts on insurance too

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John

Sonja ok, did we figure out this out? Lol.

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Sonja

John No I haven't but will lol

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Ed

APEGGA also included geologists and geophysicists not engineers only. Better check carefully as to the so-called discount on insurance rather than taking such discount at face value.

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Tonia

Ed yes you are correct it does include other disciplines. I just understand the engineer side more as that’s what my husband does. I agree about the other discounts.

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Jan

Tonia APEGA has deals on money exchange? Where?

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Melanie

Tonia try calling calforex and see if they are the company that offers the discount

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Daniel

Albern currency exchange on 16th/centre st

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Christin

We always use a bank machine at our destination. As long as your PIN on your debit card isn’t 5 digits you should have no issues

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Millie

Christin It’s always good to get some pesos at home to start you off with money for a taxi, a meal, tips. You can arrive at the airport and discover the ATM is empty or out of order or, even worse, eats your card.

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Alan

Christin Also if you can, get a second debit card and store it in a seperate place in case you lose your primary one.

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Rachelle

calforex

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Holly

Most AMA locations have a foreign currency ATM. Not the best exchange but very convenient to use.

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Sheila

Ordered mine at CIBC. They arrived at my local branch within 3 days.

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Roxann

calforex

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Jax

Get a Wise card. Then just use a local ATM to withdraw.
Been using them for years and they're great, lowest fees, market exchange rates (no hidden "spread" of 2%+ like all the big banks), fast and intuitive. Can send and receive, as well as hold money, in multiple currencies.
If you use an invite code, you get first transfer 'free' up to $800, and full disclosure, the referrer gets a kickback after 3 uses of their code. I'd wholeheartedly recommend it with or without discounts or codes though!
https://transferwise.com/invite/a/jacquelineb145
WISE.COM
You’ve been invited to Wise – Join and get a discount.

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Shirley

Jax just started using this and do far has been the best solution. Not fond of their charges to get cash from their card
though. Trying to figure out a better way. We can also use our phones to pay with Wise if the store has tap.

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Paige

In mexico right now. You get 13.5 to 1 can dollar at the exchange here. You only get 13.1 from anywhere in canada

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Laurie

Paige are you exchanging Canadian or US dollars?

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Emma

Paige

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Paige

Canadian

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Audrey

We are in PV right now. Hotel will exchange Cdn at 11.65. We went to a currency exchange, Cibanco in Bucerias, rate is 13.30

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Alena

calforex in Chinook

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Robbin

calforex @ West Edmonton Mall or Southgate. calforex provides currency to the banks and AMA. They’re very good.
Sorry, I though you were asking for Edmonton.

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Linda

Just get enough to get there tips etc. way better rate in Mexico. Here the bank buys it passes cost onto you. In Mexico straight exchange

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Cherrie

Linda how much do you typically allot for tips for an all inclusive?

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Laurie

Linda do they exchange Canadian or just US?

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View

Heather Yoganini Dee
calforex!

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RizelMay

https://canexforex.com/ at Eau Clair Mall. For any currency exchange. They don't charge service fees.
CANEXFOREX.COM
Canex Forex – Currency exchange with no fee

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Jill

Went to calforex today and they only have 100 pesos if anyone is going and looking for smaller bills

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Corrine

My brother in law who has a winter place there always suggests withdrawing at airport atm

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Emma

Rbc right now

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Edith

If we don’t have enough to get us started from our last trip I get a small amount at our bank and the rest at a bank ATM in Mexico. Refuse their conversion rate as you get a better deal when your home bank does it.

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Emma

I get a couple hundred pesos wherever here (less than $20 Canadian worth), then just use an ATM in Mexico with my Canadian debit card. That's the best exchange rate.

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Suniel

Emma That is what I do all over the world

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Suniel

Use ATM's in Mexico. Easiest method.

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Laura

What is a decent tip to give in Mexico?

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Coleen

Laura https://www.amatravel.ca/.../simple-guide-to-tipping-at...
AMATRAVEL.CA
The Guide to Tipping at All-Inclusive Resorts & Hotels

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Coleen

or if not going all inclusive: https://www.mexicotravelsecrets.com/tipping-in-mexico/....
MEXICOTRAVELSECRETS.COM
Tipping in Mexico: Who to Tip in Mexico and How Much [2022 Guide]

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Laura

Thank you!

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Laura

USD OK?

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Danny

Laura when I am in the states I collect 1$ bills and use them as tips in Mexico.

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Laura

Danny thank you!

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Greg

Danny 20 pesos is more than 1 dollar US

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Danny

Depending on the service I give more than one. But it is tough to get 20 peso bills in Calgary and if you stay at an all inclusive I find I give way more in tips in my travels than I get in change

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Robert

Greg 20 pesos is almost exactly $1 USD.

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Shelaine

You can pay with Canadian

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Rhonda

Your best exchange rate is at a bank machine on premises located in the place you are visiting. You will take a hit at a money exchange company

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Carmen

You can also order at canada post and I've heard it's a great deal from people who spend 3
months at a time in Mexico. They do have to order it in-- would be worth a phone call to see what their exchange rate is.

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Tracey

I always just go to my local bank - just easier

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Scott

I'm surprised so many people are recommending calforex. A few years ago I got USD exchange rates at both calforex and Canex Forex on numerous occasions. Every time I always got a better rate with Canex Forex.

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Bob

Scott yeah calforex isn't that great, especially if you go in person

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Amanda

AMA has a atm that has money exchange. You don’t need to be a member to use, it’s right at the door. Not sure if it’s cheaper.. but we had a heck of a time finding pesos last minute a few weeks ago, no banks had any on hand. Worked perfectly

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Amanda

Also.. our hotel front desk did an exchange at 19 pesos/1 cad

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Cong

Market mall is the best

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Nikki

DexandNikki

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Doina

Nowhere. I am using a with a cc .
For tips I have some US dollars .
For miscellaneous I withdraw a little Amt from an ATM when I get there .

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Edmond

Are you changing Canadian pesos to Mexican pesos?

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Corrie

https://canexforex.com/
CANEXFOREX.COM
Canex Forex – Currency exchange with no fee

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Cher

calforex

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Lyle

As soon as you get off the plane, hit an ATM and withdraw with your bank or credit card. You will never beat that raye

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Megan

Market mall exchange place is our go to

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Nikki

Megan Hi
is this at the ATPS store by People's?

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Rachel

We're in mexico now. We just use our debit card at the ATM at the resort to get Pesos as we go. It's just a $5 service charge. You need lots of pesos to tip absolutely everyone.
We also carry American on us which everyone accepts.

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Larry

calforex iN Chinook mall

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Pete

I live in Mexico in the winter, a lot of people bringing the USD dollar that is wrong you end up losing it on exchange twice. Best to get Mexican pesos in Canada or in most tourist areas they will exchange Canadian dollars or use the ATM.

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Dwayne

Where?

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Robert

I bring 1-2 hundred dollars in small US bills. Then I use the ATM at Costco (Cabo or Puerto Vallarta) and withdraw pesos.
I get the bank exchange rate and my only fee is the use of the ATM (about $3 last time I believe?)

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Shirley

Alex Madu do you know about this?

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Laurie

Our daughter is living in Mexico and we just got back. Best rate is to use an ATM in Mexico. BBVA or Banamex give the best exchange. No charge just the daily exchange rate. Don’t take US cash. You will get hit hard with a sound exchange.


A.I. says...

AI Profile Pic

The Best Places to Exchange Money for Pesos

If you're planning a trip to Mexico, one of the essential tasks is exchanging your currency for Mexican pesos. While most banks offer currency exchange services, they may not always provide the best rates. In this blog post, we'll explore some of the top options for getting a better deal on your peso exchange.

Banks

Although banks are a convenient option for exchanging money, they often charge higher fees and offer less favorable exchange rates. However, if you have an account with a particular bank, you may be able to get a slightly better rate or avoid certain fees.

Currency Exchange Bureaus

Currency exchange bureaus, also known as casa de cambio or casas de bolsa, are dedicated to currency exchange services. They typically offer better rates than banks, but their rates can vary depending on their location and the amount you're exchanging. It's a good idea to shop around and compare rates before settling on a particular bureau.

Airport Currency Exchange

While it's convenient to exchange money at the airport upon arrival, these services often charge higher fees and offer less favorable rates. If possible, it's best to exchange your money before your trip or find a better option once you're in Mexico.

ATMs

Using your debit or credit card at an ATM in Mexico can be a great way to get pesos at a reasonable exchange rate. Just be sure to check with your bank about any foreign transaction fees or ATM withdrawal fees, as these can add up quickly.

Online Currency Exchange Services

There are several online currency exchange services that allow you to order pesos in advance and have them delivered to your home or hotel. While these services charge a fee, they often offer competitive exchange rates and the convenience of having your pesos ready before your trip.

No matter which option you choose, it's always a good idea to shop around and compare rates to ensure you're getting the best deal on your peso exchange. Additionally, be mindful of any fees or commissions that may be added to the exchange rate.



   










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