In Feb 2009 I got 15.3 Pesos per USD. Restaurants and vendors were still dealing on 10 to 1 basis. Life was really good in Baja. I believe this weekends rate is 13.2 Pesos per USD.
George & Ann
Boone the wonder dog (Wonder if he'll stay home or chase rabbits)
Topaz Lake, NV/San Felipe, Baja Norte
Towing a 06 Jayco Eagle 323RKS
with a 04 Dodge Diesel 4x4
You will get official exchange rates...not the casa de cambio rate...if you use your debit card at a major bank, such as Banamex, HTSB, or Santander. Their rate is the official rate established each morning and is generally better than the casa de cambio will give you.
The official rate as of this morning (7/22/09) is 13.36 : 1.0. The rate has been fairly stable, moving within a range of about two cents over the past four months, according to the graph shown in the initial posting. Why not just draw a couple of hundred dollars worth of pesos when you see the rate is favorable? That's what I do and I haven't been burned yet.
....with the trend showing this steady 12-month decline, my strategy would be to just exchange what you need once a week. However, if your bank card charges a per-transaction fee, that could offset this strategy-- big time.
...on the flip-side, if you would have purchased all the NPs at one go for your vacation last December for a 3 month sojourn returning on March 12th thereabouts, you would have lost the money game...
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