Peso Exchange Rate

[hunkyleebo]

It looks like the exchange rate has recently gotten as high as 17:1

Have recent travelers to Mexican timeshares noticed whether resorts are increasing prices (in pesos) to maintain their dollar-based revenues? Might we see maintenance fees for Mexican resorts go down since we pay in dollars?

 

[pittle]

Our resorts always ask us for MF in USD.

Generally the resorts do not change their prices to reflect the $ to peso ratio, but may be starting if it continues to be the current rates. But, they would have to spend $ to print new menus, so they may wait it our. We bought a bunch of pesos in June when it was right at 15.75 to16:1 for our November vacation thinking the ratio would surely drop, but the 17:1 is much better. You just never know.

At least we have all the pesos we need for a 3 week vacation at a rate much better than we had last year in November.

 

[SteveH]

It's great if you're from the US of A, but for Canadians our $ gives us about 12 pesos. It's much the same as it was last year when travelling to Mexico, but $500 US MFs cost us more like $720 CAD.
Steve

 

[Jennie]

Senior perks for Mexico timeshare owners

Years ago, some of the large Mexican timeshare companies had a policy that allowed owners to discontinue paying annual maintenance fees once they reached their 65th birthday.

Does any resort have a provision like that nowadays?

 

[bogey21]

It looks like the exchange rate has recently gotten as high as 17:1

My best friend and his gal live in San Miguel. They must love this. Their income is in US Dollars and their expenses in Mexican Pesos!

George