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ATM - DECLINE

by B&S @, Friday, January 20, 2023, 15:01 (19 days ago)

We recently withdrew from the Santander ATM at Mega. This time the instructions were in Spanish which are fine with us. But we found there was no screen asking to accept or decline their exchange rate. We went ahead with the withdraw and received the official/better rate. Now wondering if this accept/decline thing is concocted for just the English crowd.

ATM - DECLINE

by wisconsinjuan @, Friday, January 20, 2023, 15:50 (19 days ago) @ B&S

In my experience it is set to detect any card from a foreign bank.

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ATM - DECLINE

by hromero ⌂ @, Friday, January 20, 2023, 17:13 (19 days ago) @ B&S

Yes, that message usually only pops up for cards that the machine determines to be of foreign origin.

--
Humberto Romero
www.casaarcoiriszihuatanejo.com

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ATM - DECLINE

by Lee of Lino, Lino Lakes, MN, Saturday, January 21, 2023, 06:24 (18 days ago) @ B&S

What is the current exchange rate? We are coming Feb. 5th and I know it will probably change by that time but would like to know where it sits now. ThanksB-)

ATM - DECLINE

by Padrino ⌂ @, San Diego/Rosarito, Saturday, January 21, 2023, 07:09 (18 days ago) @ Lee of Lino

There are various resources. One of the easiest is wise.com. Without having to create an account, you can enter MXN on their home page as the receiving currency and get a pretty good idea of the going rate.

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 08:17 (18 days ago) @ Padrino

There are various resources. One of the easiest is wise.com. Without having to create an account, you can enter MXN on their home page as the receiving currency and get a pretty good idea of the going rate.

wise.com supplies the 'mid-market' rate at the moment.
It is the one I use to gauge my financial understanding.
You will find many other 'rates':
Buy rate
Sell rate
Visa rate
etc...

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ATM - DECLINE

by Timmac @, Steilacoom, WA, Saturday, January 21, 2023, 08:44 (18 days ago) @ mosesk

pretty sure that the mid-market rate is the one that both Visa and Mastercard (the two main consortiums that the banks use for foreign exchange) use.

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 09:09 (18 days ago) @ Timmac

pretty sure that the mid-market rate is the one that both Visa and Mastercard (the two main consortiums that the banks use for foreign exchange) use.

I'm not sure about that.
But if you find information about it I'm all ears

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ATM - DECLINE

by Timmac @, Steilacoom, WA, Saturday, January 21, 2023, 08:48 (18 days ago) @ Lee of Lino

right now 18.87 pesos per dollar. I found this by googling "dollar peso." This is a dynamic rate and can change from moment to moment. I think the currency markets are only open on weekdays.

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 09:10 (18 days ago) @ Timmac

right now 18.87 pesos per dollar. I found this by googling "dollar peso." This is a dynamic rate and can change from moment to moment. I think the currency markets are only open on weekdays.

I believe the currency markets are open 365/24/7.
I could be wrong

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 09:16 (18 days ago) @ mosesk

right now 18.87 pesos per dollar. I found this by googling "dollar peso." This is a dynamic rate and can change from moment to moment. I think the currency markets are only open on weekdays.


I believe the currency markets are open 365/24/7.
I could be wrong

Apparently I'm wrong

https://en.wikipedia.org/wiki/Foreign_exchange_market

'its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 UTC on Sunday (Sydney) until 22:00 UTC Friday (New York);'

ATM - DECLINE

by Yandosan, Saturday, January 21, 2023, 09:17 (18 days ago) @ Timmac

Are there still humans in 2023 who don't know about Google? Apparently so. Vive la difference.

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 09:22 (18 days ago) @ Yandosan

Are there still humans in 2023 who don't know about Google? Apparently so. Vive la difference.

Google knows more about you than you know about Google...

ATM - DECLINE

by Padrino ⌂ @, San Diego/Rosarito, Saturday, January 21, 2023, 10:13 (18 days ago) @ mosesk

Google knows more about you than you know about Google...

They love to quip that, "we know more about you than your mother."

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ATM - DECLINE

by mosesk @, Ojai, CA, USA, Saturday, January 21, 2023, 11:05 (18 days ago) @ Padrino

Google knows more about you than you know about Google...


They love to quip that, "we know more about you than your mother."

love that...thank you...

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Bank Exchange Rates

by ZihuaRob ⌂ @, Zihuatanejo, México, Saturday, January 21, 2023, 10:50 (18 days ago) @ Lee of Lino

What is the current exchange rate? We are coming Feb. 5th and I know it will probably change by that time but would like to know where it sits now. ThanksB-)

Please see the websites for the local banks we use. They all post their own rates.

https://www.zihuatanejo.net/zihuatanejo/index.html#banks

Bank Exchange Rates

by Peanut, Sunday, January 22, 2023, 14:26 (17 days ago) @ ZihuaRob

I got 18.84 on my Costco Visa at both Merza and Mega, today. But at the banks it's a whole other story. BBVA shows the rate 17.75 but adds on horrendous fees and now a 7% commission. For 5,000 pesos it would come out to a real rate of 16.2. But I declined.

Bank Exchange Rates

by Peanut, Tuesday, January 24, 2023, 09:46 (15 days ago) @ Peanut

I had better luck at the HSBC atm in Mega. The instructions are partially in English. I accepted the 80 peso ATM fee but declined the 5.5% commission. It still gave me the money. The charge cleared at my bank today and after the ATM fee, the rate was 18.84

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Bank Exchange Rates

by mosesk @, Ojai, CA, USA, Tuesday, January 24, 2023, 10:03 (15 days ago) @ Peanut

I had better luck at the HSBC atm in Mega. The instructions are partially in English. I accepted the 80 peso ATM fee but declined the 5.5% commission. It still gave me the money. The charge cleared at my bank today and after the ATM fee, the rate was 18.84

I realize it's a personal question but it might better help understand 'exchange rates'.
How much money did you withdraw?

Bank Exchange Rates

by Peanut, Sunday, January 29, 2023, 08:24 (10 days ago) @ mosesk

I withdrew 5,000 pesos. I got the same exchange rate as on my credit card purchases. The rate is trending down slightly now.