Here are the cash exchange rates for December 1, 2023, 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. These rates available in town will differ from those you see if you just google “exchange rates”, as that is the bank-to-bank rate, not available to us as mere mortals exchanging small sums of cash.
To see where the rates have been in the last couple of years, search “exchange rates” on our page at InPuertoMorelos.com
| Cash Exchange Rates Dec 1, 2023 | Buy | Sell |
| US Dollar $ | 16.60 | 17.20 |
| Canadian Dollar $ | 12.00 | 13.10 |
| Euro € | 18.00 | 19.20 |
| Pound Sterling £ | 21.00 | 22.10 |
Notably, through CIBC Bank in Canada, I can order 10,000 pesos today for $834.80 CAD. I could get the same number of pesos here at CI Banco for $833 CAD in cash. Virtually the same cost, and as an added bonus, I know the bills you receive at the bank will be pristine and can be ordered in smaller denominations making them easier to use.
Bank of America would charge me $611.00 USD today for 10,000 pesos. Those same pesos would cost $602.41 in cash from CI Banco.
Decline the ATM rate and Save Money! Using the ATM is an easier option. You will likely get charged a fee by the Mexican bank as well as your home bank. We always advise folks who use the ATM here to get their pesos, to DECLINE the machine’s exchange rate. It is very much in the ATM’s favour, not yours.
Learn more about Puerto Morelos by exploring our page, www.InPuertoMorelos.com
