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2016
3
October
Where is the best place to exchange CAD for MXN at a good rate?
3
October
Question:
Humans say...
Stephani
i was just in mexico and some of the ATM machines have outrageous service charges there ! especially at the resorts.. i would get cash here
Lou
We use atm at a bank.
Yana
locally? or in Mexico?
Sue
In Mexico. Not at the hotel as they don't give the best rate.
Lou
Yana atm at a bank in Mexico,
Kerri-Ly
Reserve online using ice currency exchange great rates and dont get charged a fee if u reserve online
Barb
calforex
Renée
I'm with Scotiabank so I always use that machine in PV because it's right near our resort!
Yana
So it looks like ICE is the best rate, better than our bank (BMO) and better than CalForex.
Guilsa
i just used the ATM machines in mexico
Teresa
ATM.....they charge u I think $5 but u get the best exchange rate that way
Karl
If I am not mistaken there was also a local fee for the ATM machine as well as a fee from my Canadian bank. Maybe check with your bank to be sure. Would be a bad deal to pull out $20 and get charged $10 in fees.
Michael
Correct. Best is to use ATM in Mexico, but minimize the number of times you do so.
Clarence
just walk into any bank with passport....best rate ....no fees
Wendy
if you want your money changed before you go use calforex in Chinook. We just got pesos on the weekend. We always use them, way better deal than the banks.
David
Currency exchange in Cancun across from the ADO bus terminal lol
Yana
Thanks everyone
Melanie
Canex Forex in Eau Claire Market is as good and frequently better than calforex (in Chinook and on 8th Ave). Always call both of them first!
A.I. says...
The Best Way to Exchange CAD for MXN in Calgary
When it comes to exchanging Canadian dollars for Mexican pesos (MXN), finding the best rate can be a challenge. Last year, many travelers opted to use the BMO branch ATM for foreign exchange, but the rates were not always favorable. So, what are the better options for getting the most bang for your buck?
Using ATMs in Mexico
According to the poll, the most popular option (60%) is to withdraw pesos directly from ATMs in Mexico. This method can be convenient, but it's important to be aware of potential fees from both your home bank and the Mexican ATM. Additionally, the exchange rates at ATMs may not be as competitive as other methods.
Local Banks in Calgary
Only 10% of respondents prefer exchanging currencies at local banks in Calgary. While banks offer a secure and familiar option, their exchange rates are often less favorable due to higher operating costs and service fees.
CIBC Air Canada Prepaid Card
A suggested alternative (4%) is the CIBC Air Canada Prepaid Card, which can be loaded with Mexican pesos. This card eliminates the need for currency exchange and can be used like a regular debit card in Mexico. However, it's important to research any associated fees or restrictions.
AMA Travel Money
Another option mentioned (2%) is AMA Travel Money, which offers competitive exchange rates and services tailored to travelers.
Calforex Money Exchange
The most popular brick-and-mortar option (18%) is Calforex Money Exchange, located in Chinook Mall. Calforex is known for offering competitive exchange rates and specialized currency exchange services.
Conclusion
While using ATMs in Mexico is convenient, it may not be the most cost-effective option. Local banks in Calgary offer a familiar service, but their rates may not be as competitive. Specialized currency exchange services like Calforex or prepaid travel cards like the CIBC Air Canada Prepaid Card can provide better exchange rates and additional travel-friendly features. Ultimately, it's essential to research and compare options to find the best value for your specific needs.
2016
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February
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27
February
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2014
15
December
Where Can I Exchange Currency in Surrey/Langley Area?
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December
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Sites
Yana
Best place to exchange CAD for MXN at a good rate? Last year we went to BMO branch that has an ATM for foreign exchange but I felt like the rate wasn't the best. What does everyone else do?
In Mexico through ATM?
60%
Local bank in Calgary?
10%
Added by Andrew Popovych
CIBC air canada Prepaid card with MXN
4%
Added by Rebecca Losier
AMA
2%
Added by Wendy
calforex Money exchange in Chinook Mall
18%
See all (2)