Here are the cash exchange rates for November 9, 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 โexchange ratesโ on our page at InPuertoMorelos.com
| Cash Exchange Rates | Buy | Sell |
| US Dollar $ | 18.70 | 19.70 |
| Canadian Dollar $ | 13.50 | 14.95 |
| Euro โฌ | 18.75 | 20.10 |
| Pound Sterling ยฃ | 21.50 | 22.90 |
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!
