Where to Exchange Money in Puerto Vallarta

The vibrant city of Puerto Vallarta, nestled on Mexico's Pacific coast, is a breathtaking destination filled with rich cultural experiences, stunning beach resorts, and gourmet dining. One critical detail to consider when travelling to this perfect vacation spot is money exchange – ensuring you have enough local currency to make the most of your trip. This article brings you the best places for you to exchange your currency to Pesos in Puerto Vallarta.

Banking Institutions

Major banking establishments are a traditional money exchange option available within the city of Puerto Vallarta. They typically offer better exchange rates compared to hotels and the airport. Remember, the rates tend to vary from bank to bank, so it might be worth visiting more than one to spot the best deal. Make sure to check their working hours though, as Mexican banks usually adhere to specific time frames.

Cambios (Currency Exchange Booths)

Strategically dotted across popular tourists areas, cambios are convenient for a quick currency exchange. They are located usually by the airport, malls and downtown areas. Keep in mind that while cambios offer the advantage of extended operating hours, their rates might be slightly less attractive than banks. They usually do not charge fees, but their profit is built into the exchange rate.

ATMs

ATMs are usually the easiest and most economical way to obtain Mexican Pesos in Puerto Vallarta. You can find ATMs in large shopping centers, banks, and sometimes in hotel lobbies. They typically offer better exchange rates than both banks and cambios. However, it's advisable to be cautious of the fees charged by your bank and the machine's bank for withdrawal and foreign transactions.

Hotel Currency Exchange

Many tourists consider exchanging money at their hotels for the sheer convenience of it. However, be aware that hotels usually offer the least favorable rates. Opt for the hotel exchange only if all other options are unavailable or in case of emergencies.

Credit Cards

Many places in Puerto Vallarta accept credit cards, particularly in tourist congested areas. Credit cards often offer a decent exchange rate, close to the interbank rate. However, be mindful of the fees your credit card company may charge for foreign transactions.

Online Currency Exchange Platforms

In the era of digitization, online money exchange platforms have gained substantial popularity. Platforms like Transferwise or Revolut offer decent exchange rates with minimal fees. You can exchange your money online and withdraw it using your card, once you are in Mexico. Some platforms even allow you to send money to a Mexican bank account.

Hopefully, armed with this information, your next visit to Puerto Vallarta will be fuss-free when it comes to currency exchange. Remember, rates fluctuate continuously, so it's best to keep an eye on it before you exchange. Lastly, keep some spare change with you always, as many smaller businesses only take cash.