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Bringing cash
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the peanut gallery



Joined: 26 May 2006
Posts: 264

PostPosted: Mon Jan 03, 2011 11:24 pm    Post subject: Reply with quote

Guy,

"....The two most heavily policed areas of Mexico City (Zona Rosa and the airport)...never had a problem before and generally not something I'd worry about."

I hate that when you exchange at some of those places the guy behind the counter twirls round his screen to show you how many pesos are are getting (huge text for all to see). The guy in front of me last week was horrified that anyone standing behind him, or in the general area, saw that he was walking away with 45 thousand. He was worried, and i would have been too.
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gregd75



Joined: 14 Mar 2007
Posts: 360
Location: Tlaquepaque, Jalisco

PostPosted: Mon Jan 03, 2011 11:30 pm    Post subject: Reply with quote

I would never have exchanged 45 thousand, even less exchanged it in the street.
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PlayadelSoul



Joined: 29 Jun 2005
Posts: 346
Location: Playa del Carmen

PostPosted: Mon Jan 03, 2011 11:31 pm    Post subject: Reply with quote

Dollars are still accepted around here.
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the peanut gallery



Joined: 26 May 2006
Posts: 264

PostPosted: Mon Jan 03, 2011 11:32 pm    Post subject: Reply with quote

You and me both greg. Stupid move imo but it happens.
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Tue Jan 04, 2011 2:30 am    Post subject: Reply with quote

45 thousand in cash is silly to walk around with in any currency anywhere. An ATM card is simple enough to use (unless it's from China I see!). I've never had a counter guy spin around a screen though....I usually just get a print out.
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the peanut gallery



Joined: 26 May 2006
Posts: 264

PostPosted: Tue Jan 04, 2011 3:20 am    Post subject: Reply with quote

Silly amount for sure. As you exit baggage claim in T1 there are a few places on the left of the exit that flip the screens around. Many business travelers head right there, not wanting to hunt for a better rate. I wouldnt feel comfortable even exchanging 1000 pesos like that.
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notamiss



Joined: 20 Jun 2007
Posts: 908
Location: El 5o pino del la CDMX

PostPosted: Tue Jan 04, 2011 4:42 am    Post subject: Reply with quote

Quote:
I would be VERY careful using any casa de cambio at the DF airport. Great way to get robbed after you leave the airport.

Also exercise extreme caution when leaving any bank or casa de cambio in Mexico City, esp. the tourist zones (Zona Rosa, for example)


Guy Courchesne wrote:
The two most heavily policed areas of Mexico City (Zona Rosa and the airport)...never had a problem before and generally not something I'd worry about.


Not quite true; you may recall, for example, the French scientist working at the UAM who was killed in 2009 upon his return to Mexico after exchanging money in the airport. It was part of a string of similar crimes targeting both Mexicans and foreigners, and it seemed that one or more gangs would watch for people exchanging large amounts of money and then leaving the airport, and then alert their confederates outside the well-policed area around the airport.
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the peanut gallery



Joined: 26 May 2006
Posts: 264

PostPosted: Tue Jan 04, 2011 4:43 pm    Post subject: Reply with quote

"Heavily policed areas" usually offer a feeling of safety and comfort in most places. Unfortunately Mexico is not most places in that respect.


OP,

For 12 months prior to my return to Mexico i sent electronic transfers from my Spanish account to my wife's Mexican one so that I wouldnt arrive with cash, or needing to exchange currency. Do whatever you can to avoid carrying cash or exchanging it at the airport. Dont trust your finances to the "nothing has happened to me" crowd on an internet forum. Its better to be more guarded in Mexico when it comes to these sorts of things.
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johntpartee



Joined: 02 Mar 2010
Posts: 3258

PostPosted: Tue Jan 04, 2011 4:57 pm    Post subject: Reply with quote

I'm always careful, but thanks for the advice. I'm one of the "nothing's happened to me" crowd, but that's because I take the necessary precautions to make sure nothing happens to me. It seems to me that most people who "lose" things are just not paying enough attention to their surroundings rather than being victimized by strong arm stuff.
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the peanut gallery



Joined: 26 May 2006
Posts: 264

PostPosted: Tue Jan 04, 2011 8:10 pm    Post subject: Reply with quote

Then im sure you will be fine John. Good luck in Mexico, its a great country!
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brian1972



Joined: 30 Mar 2007
Posts: 73
Location: Pachuca Mexico

PostPosted: Sat Jan 08, 2011 9:30 pm    Post subject: Reply with quote

What about getting some of that cash turned into travelers checks? That way you can exchange them here when you need them vs bringing cash? Or what about a pre paid credit card (like Visa)... can you get those in China? 6 digit pin numbers do present a problem!

I am also with the "nothing has ever happend to me" crowd. I agree, if you are smart, it is very unlikely that anything will happen. We just came through the Mexico City airport this morning and exchanged cash. No problems. Although I would be hesitant to exchange a lot... anywhere in the world.

I always hide cash on my person as well, just in case. My husband puts some in his sock... and I put some in my bra. We have only needed it once, when we were ripped off at the Guatemala/Honduran border, by a border patrol agent of course! Good thing we had our "secret" money stash. My husband was able to pull out his wallet and say, this is ALL we have sir!
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notamiss



Joined: 20 Jun 2007
Posts: 908
Location: El 5o pino del la CDMX

PostPosted: Sun Jan 09, 2011 2:17 am    Post subject: Reply with quote

Travelers cheques are not easy to change in Mexico. It was a lengthy, difficult process 25 years ago when they were more frequently used (personal experience) and seems to be almost if not completely impossible these days (according to others' experiences described on travel forums).
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johntpartee



Joined: 02 Mar 2010
Posts: 3258

PostPosted: Sun Jan 09, 2011 2:58 am    Post subject: Reply with quote

I have no intention of changing thousands of dollars into pesos at once. Enough to get a taxi to the hotel, pay for the hotel, etc.; enough to last a few days until I get acclimated. I've been corresponding with some of the nice folks on this forum and they've given me some helpful hints on the lay of the land and they've very kindly offered to assist me when I arrive. Or maybe they're planning to mug me.
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