Puerto Vallarta, Mexico, Weather

Prices

Sunset photo for the Prices page.

A good rule to follow, “The further from the beach, the less everything costs”

At the moment the exchange rate in Puerto Vallarta is a little over 17 pesos for US$1. Click here – Currency Exchange these are interbank rates, you will get a few points less at the ATMs. Don’t expect to get this rate at, Banks or ‘Casa de Cambios’ and the rate at the hotel is usually the worst.
With beach vendors and the flea market places they may give you a lot less, as they have to go to the bank and change them to pesos.
A lot of banks are no longer exchanging US dollars to pesos.
Those that do, require you to show your passport and also require a copy. They are restricted to exchange US$1,500 a month or US$300 per day. Merchants have similar restrictions, so many will not accept dollars for payments over $100.
These restrictions do not apply to CAN$, Pounds Sterling or Euros.

ATMs

Your ATM card will work fine here and there are many machines around town. They will give you your best rate, depending on what your bank charges you for an International withdrawal.
By withdrawing your maximum, (the machine will show amounts in pesos and a few are restricted to 4,000 pesos) you get the best exchange rate after your bank charge. The ATM machines add a small charge (you may see a screen saying that there is a peso charge,).
Note. Make sure to tell your bank you’ll be using the card in Mexico, or they may put a ‘Hold’ on it.
ATMs are now even more important with some banks not exchanging US$.
When arriving at the airport, after customs and the infamous timeshare trap, you will find several ATM machines. Getting pesos here to pay for your taxi will save you money, the taxi booths will take dollars, but at a very low exchange rate.

Credit Cards

Credit Cards are accepted at mostly high end stores and restaurants, but the stores will often give a discount for cash, as the CC costs them a fee.

Many people believe that US dollars are very much sought after here. Years ago, when the peso was less stable, some locals would try to hoard dollars and wait for the exchange rate to go up before cashing them in.
With the new restrictions, this is no longer true and the peso is now more a ‘bit’ more  stable against the US Dollar than it used to be.
If you do bring foreign currency, be sure that none of the bills are defaced in any way – even a tiny tear, or ink mark, and they will not be accepted. Foreign coins can not be used at all, as they are worthless.
Inspect your pesos also, torn or mutilated notes will seldom be accepted. If you do get some torn notes, Banamex is the only bank that will exchange them.