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Exchange rate


#1

where can i find out what the xchange rate is for changing $ t/c’s into pesos. Am i right in saying that you can pay for trips with t/cs. but will have to change them into pesos to spend elsewhere?
thank you.


#2

I don’t use TC but I hear the cambios pay pretty much the same for TC as cash.
There is no advantage to pay for things with TC and in fact you may get a terrible exchange rate from people and companies.
There is a very good cambio right next door to GV at the Paradise.
In town the Western Union is a bit better.


#3

do you know what the xchange rate is for $ to pesos?


#4

Right now, $1US should buy about 33 pesos. The Interbank rate says about 34.8 but you won’t get that.


#5

Up to date currency rates can be found at

http://ca.finance.yahoo.com/currency


#6

At the time I posted this, that site said 33.35 pesos.
For all practical purposes, figure 33 pesos.
For the $CDN, figure considerably less, regardless of what the official rate is. You’ll be lucky to get 25 pesos …


#7

thank you all :slight_smile:


#8

Hi there - Last year when I was in Puerto Plata the Canadian dollar was 29 and the American dollar 33 pesos. As a result it was not best to convert to US travelers cheques before traveling?
I actually lost money converting ???


#9

[quote author=sqiggly board=general thread=1160382969 post=1160452638]Hi there - Last year when I was in Puerto Plata the Canadian dollar was 29 and the American dollar 33 pesos. As a result it was not best to convert to US travelers cheques before traveling?
I actually lost money converting ???[/quote]

I have yet to lose in converting to US Someone didnt like you that day :slight_smile:


#10

[quote author=carebear board=general thread=1160382969 post=1160382969]where can i find out what the xchange rate is for changing $ t/c’s into pesos. Am i right in saying that you can pay for trips with t/cs. but will have to change them into pesos to spend elsewhere?
thank you.[/quote]

Yes you can use your travellers cheques to pay for trips, as most of them are in US dollars but can be paid for in pesos as well

You can also go to a cambio (exchange) or a bank (banco) to exchange traveller’s cheques into either dollars or pesos

Casinos also accept travellers cheques too.


#11

The Canadian dollar was .88 the day I converted to US so it cost me .12 on the dollar. When I went to the Bank at the Plaza to exchange my Travelers Cheques they were given 29 Pesos for Canadian and 33 for US (only 4 Pesos difference). This all adds up to .8 cents loss on the dollars I converted to US?