In Puerto Vallarta, you have several good options for exchanging dollars to pesos at competitive rates. Here are some of the best places:
Banks: Major banks like Banorte, Banamex, BBVA, and Santander typically offer better exchange rates than standalone currency exchange kiosks. Most banks have ATMs where you can withdraw pesos directly. Note that fees may vary, so check with your bank for international transaction fees.
ATMs: Using ATMs is often convenient and offers a fair exchange rate, especially those located within banks or major hotels. Choose ATMs that are affiliated with well-known banks to avoid higher fees from standalone machines. Also, use your bank’s app to find fee-free ATMs or those with reduced fees for international cards.
Casa de Cambio (Currency Exchange Houses): Casa de Cambio locations around Puerto Vallarta, particularly near the Malecón and Marina Vallarta, provide good exchange rates with minimal fees. Some reputable ones include EuroCambio and CiBanco. It’s wise to compare rates, as they can vary slightly from one location to another.
Airport Currency Exchange (use sparingly): Though convenient, currency exchange counters at the airport typically have higher fees and lower rates than other options. Use them for small amounts if needed, and plan to exchange larger amounts elsewhere.
Hotel Exchange Services: While convenient, these tend to offer less favorable rates. It’s worth using only if you’re exchanging a small amount or in a pinch.
Oxxo or Convenience Stores: Some Oxxo stores in Puerto Vallarta also provide currency exchange but at less competitive rates. While convenient, they’re best used for small transactions.