Here are the cash exchange rates for December 15, 2022 at CI Banco on the highway in Puerto Morelos.
I post these rates occasionally so you can compare them with what your local bank or the ATM here may offer. To see where the rates have been in the last couple of years, search “exchange rates” on our page at InPuertoMorelos.com
These rates are about the same as they were a month ago compared to the US and Canadian dollars. The Peso was showing some strength at the end of November but has since pulled back. The Euro and GBP have both climbed since their lows earlier this year.
| Cash Exchange Rates | Buy | Sell |
| US Dollar $ | 18.80 | 19.90 |
| Canadian Dollar $ | 13.50 | 15.00 |
| Euro € | 20.00 | 21.45 |
| Pound Sterling £ | 23.40 | 24.75 |
Decline the ATM rate and Save Money! As a side note, we always advise folks who use the ATM here to get their pesos, to DECLINE the machine’s exchange rate. It is usually very much in the ATM’s favour. Here’s a recent example. We withdrew $7000 pesos from our Scotiabank account in Canada. (Scotiabank has no ATM fees for their Canadian customers, which is a great deal.)
If we had accepted the exchange rate the machine offered us, it would have cost us $526.64 CAD for our pesos, an exchange rate of 1 MXN = 0.07523 CAD. Instead, we let our bank in Canada work out the exchange rate and the cost to us was $498.63. That is a $28 CAD difference! Huge! That rate worked out to 1 MXN = 0.07123)
Always decline the machine’s rate!
Also see our recent article about getting cash at your home bank or in Mexico. What’s the best deal?
