I notice that the official rate for the peso is now about 13+ to the US $$. For the past few years it has been consistently between 10-11 pesos per $, so this is about a 20% improvement. My husband thinks that the restauruants and stores have adjusted their prices to reflect this new rate. Has anyone been there lately who knows what is happening with prices in Puerto Vallarta? We are going to PV in January for 5 weeks.
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Peso exchange rate and prices
- Thread starter bellesgirl
- Start date
thomas660
TUG Member
My wife and I just returned from pv about 2 weeks ago. The exchange rate was running about 12.5/1 at that time. We had been to pv back in May 2008 and so I have some frame of reference. The prices in pesos for services that I could compare were about the same (such as taxis and day trips). Food and liquor prices may have increased but not so much that I noticed. We didn't purchase much of anything else while we are there so I don't know about arts and crafts and such.
The one thing that I would highly recommend is to exchange your dollars into pesos (at a bank not a hotel or one of those exchange booths) and use your credit cards as much as possible. Also, if you don't want to take much cash with you, just use your ATM card at one of the banks to get pesos. If you pay with dollars most vendors and taxi drivers will exchange at only a 10/1 rate. I brought home a few pesos, and right now that is the best investment I have in my portfolio. Have fun! Tom
The one thing that I would highly recommend is to exchange your dollars into pesos (at a bank not a hotel or one of those exchange booths) and use your credit cards as much as possible. Also, if you don't want to take much cash with you, just use your ATM card at one of the banks to get pesos. If you pay with dollars most vendors and taxi drivers will exchange at only a 10/1 rate. I brought home a few pesos, and right now that is the best investment I have in my portfolio. Have fun! Tom
Expect an exchange rate of 13.5 p to one USD, if you're going soon. The Bank of Mexico just infused their currency system with US dollars to stop the peso's freefall, but it will take time to see an effect. I don't know about PV, but in Cozumel last week prices were/are very cheap for tourist goods. Hotel occupancy was 54% so they want to move product at almost any cost. If you like to shop in Mexico, this is your best season to go in many years.
Thanks for the feedback - that is good news.