Puerto Vallarta – How Is The Peso?

Counting Pesos
Recently we were informed of a disgruntled tourist in Puerto Vallarta who was very unhappy regarding being shortchanged at a convenience store. Seems the wife sent the husband for avocadoes, beer and water with a $500 peso note and he came back with $50. Some things just don’t add up and this was one of those times. Apparently he did something North Americans are accustomed to, considering he was being helpful to the cashier. He gave her an extra two pesos to round up the amount, supposedly making it easier for her to count back. Problem is… this is not an exercise that’s been adapted for the peso.
Until the Oil Crisis in the late 70’s, the peso was one of the most secure currencies in all of Latin America. Capital flight destabilized the peso for many years to come when Mexico defaulted on its external debt in 1982. President Carlos Salinas adopted a strategy called the “Stability and Economic Growth Pact” and on January 1, 1993, a new currency was introduced. The new peso Nuevo Peso in noted on each bill with MXN, whereas the old peso, which became immediately obsolete, was MXP.
One new peso was equal to 1000 of the old peso and it took Mexicans awhile to make that adjustment. Tourists remained baffled for a much longer period of time; in fact, many people still have a difficult time making sense of the exchange rate.
Perhaps due to devaluation and constant fluctuations, cashiers have never bothered to learn how to count money back and therefore, visitors are less inclined to expect it.
However, we have a word of advice. When you hand over your money, regardless of the denomination or amount of change you offer, consider where you are standing. At the COUNTER, right? As defined in the dictionary it is a long flat-topped fixture in a store or bank across which business is conducted with customers. Do your counting there, before you walk away.
Mistakes can be made anywhere and instead of abruptly assuming dishonesty, we believe a much better approach is to make a constant habit of counting one’s change before one leaves the counter. An understanding of the exchange is also very useful. Before you go on your holiday to any foreign country, study the local currency and do your best to know how it compares to your own, so that you aren’t creating constant quandaries whenever you need to make a purchase. Don’t change your money in the airport or your home bank. Wait until you are
in Puerto Vallarta or your chosen destination; we recommend using the ATM machines, as you are assured of getting the most recent daily rate. ATM’s at banks are the safest.
Que es cómo es.


Thanks to our guest blogger Adam Garcia for this article!


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For more information about Puerto Vallarta, Mexico or a Villa for rent contact Beston Properties offers the finest Luxury Villa Vacation Rental Accommodations in the Puerto Vallarta and Punta Mita area.  Our private rental homes and Condos offer a full range of services from a full staff including chef and a concierge to organize any tours, spa services in the home or Car Rental.    We have offices located in Puerto Vallarta and have all the local information from Vallarta weather and maps.  All of their agents are personally familiar with each of the accommodations, amenities and staff to help you find the best rental property in Puerto Vallarta.   Our concierge services will be happy to give you information on the best restaurants for dining out in Puerto Vallarta we can make reservations and give you directions. We have all the most current information to guide you for your holiday in Puerto Vallarta from our daily weather report to maps and directions..   WE can arrange activities with any tour company including Vallarta Adventures, one of the most popular companies in Banderas Bay.  We represent the best quality of homes for rent by owners who care about your comfort and hope you return for many years of unforgettable Mexican holidays.  For more information check out our luxury accommodations.



 

Do You Want To Live The Ultimate Villa Experience? Thinking Of Renting a Puerto Vallarta Luxury Vacation Villa or Condo? Let Our Beston Properties Team Find You The Perfect Luxury Vacation Villa Rental in Puerto Vallarta or Riviera Nayarit, Mexico.

Try Our ‘Perfect Villa Finder’ Tool Here.

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