Can someone tell me what the current posted exchange rate is at the ELEKTRA. We will be staying within walking distance of the place and it has been very convenient for us. Looking forward to visiting our favorite vacation destination again and getting out of this Michigan winter brrrr.
Posted 23 January 2014 - 09:07 AM
The rates can change frequently during the day, but you can check their online exchange rates:
Banco Azteca is the bank inside of Electra which you will be using. Take your Passport with you for ID.
The most important thing in life is not knowing everything, it's having the phone number of somebody who does!
Posted 23 January 2014 - 12:45 PM
Thank you for the website. I was aware of the Passport for ID because we have used Elektra in the past. But did not have the website info, thank you very much.
Posted 23 January 2014 - 02:37 PM
Posted 23 January 2014 - 05:26 PM
Ouch, that rate really bites! The interbank rate is above 13.40, I'd expect ATM withdrawals to be around 13.20 plus. The one time I changed money at a bank, the rate was below the casa de cambio rate. Banco Azteca used to be the highest rate for physical paper exchanges, but that's terrible.
Can anyone quote the rate given at Chedraui or Mega?
Posted 24 January 2014 - 12:14 PM
Posted 24 January 2014 - 12:59 PM
Didn´t check rates at Mega today, but what you said will work...... I´ve used a $20 to buy my morning coffee, what I make on the exchange rate will pay for the taxi ride down if it´s raining!
Posted 28 January 2014 - 11:47 AM
My .02 cents - Electra is not worth the BS of waiting in their line for ½ or 1 peso difference. I could have exchanged at the allegro 2 years ago for almost the same rate... to me the convenience of not seeing electra out or waiting in their ridiculously long line would have been worth it.
Posted 28 January 2014 - 10:15 PM
We went to Electra yesterday and exchanged $400 CDN and didn't need a passport. Got a rate of 11.53 and no line what-so-ever. Then went to Scotiabank where we did have to show our passport and remove our hats & sunglasses. Was surprised the rate was worse at 11.48.
Since Electra is closer to our rental house we will just go there.
Retired in Cozumel in January 2014
Posted 29 January 2014 - 01:17 AM
Yikes! I hadn't been paying attention to the drop in Canadian lately. That is not too bad a rate of 11.53, If you had made an ATM withdrawal you might have gotten 11.70 against the closing Interbank rate of 11.82. Proportionally, that is better than Elektra/Banco Azteca USD dollar rate of 12.00 vs. an ATM rate of around 13.00+. That low rate I would consider disgraceful.
The currency restrictions that went into effect a few years ago were aimed at the U.S. dollar with regard to the billion$$$ in cash floating around.
Changing paper money at a bank has been the worst rate, the posted rate seen at some banks is their deposit rate, entirely different than a walk in off the street rate. Banco Azteca used to be consistently the best rate as when you can see long lines in the evening at Juarez & 15th
Mark, to the casual, one week tourist it probably isn't worth being concerned. When you are looking at spending thousands in an annual budget it can really add up. Mexicans who might be getting only $65 pesos for a daily wage will gladly wait in line to get $100 pesos more exchanging $100USD
Posted 29 January 2014 - 05:32 PM
Are there any new ATMs near the Plaza with card swipes or is the Banamex on 30th still the best place to get Mex$$ from the ATM?
Posted 29 January 2014 - 06:58 PM
Posted 29 January 2014 - 07:53 PM
They stop working all the time. It's Mexico. The Banamex ones usually get fixed in 48 hours and usually a lot less
Posted 29 January 2014 - 08:53 PM
Scotia Bank may have swipe type machines. Their little cubbyhole ATM underneath Pepe's Grill was the swipe type, but did limit withdrawals to only $3,000 pesos. I avoid ever using ATMs at grocery stores, but there is a Banamex at Mega which might be even more English friendly.
Warning, if you need cash, it is almost the end of the month pay day.
Posted 30 January 2014 - 05:33 AM
The Banamex at Mega has never let me down so far and I use it quite a lot. Unlike the one at the Chedraui which I stopped using four or five years ago. And, yes, ithe Mega ATM t does have the English option, something not available at the 'chines in the bank itself on the 30 Avenida.
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