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Old 07-21-2007, 04:36 PM
BCPVP BCPVP is offline
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Join Date: Jan 2005
Posts: 7,759
Default Re: U.S. businesses accept pesos. Immigration hawks go nuts.

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First of all if the business can arbitrage the exchange rate for Mexican pesos vs. U.S. pesos then they can make some extra profit. I'm positive that's what they're doing. Go to your local bank that will do currency exchanges and convert some U.S. pesos to Mexican pesos. Then get a quote on the exchange rate from U.S. pesos to Mexican pesos and see how bad a deal you got at the bank. I'm sure that business is giving an exchange rate that's worse than at the bank.

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From the link:
"In fact, customers are getting ever so slightly charged for the use of pesos, since the company set their conversion rate slight higher than the official exchange of 11 pesos per dollar."
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