Because the exchange rate for the Mexican peso continues to be great for those spending U.S. dollars, you might be tempted to travel with a decent amount of cash during your visit to Mexico. Although there are shops that sell Mexican insurance policies for visitors in Mexico, your best value will come by selecting coverage online before you leave home. Even those who cross into Mexico without having secured Mexico insurance coverage can take advantage of online value as they use their own currency to make a purchase online. As for managing your currency and cards during your travels, a bit of familiarity with current exchange rates can be helpful.
Keeping Track of Exchange Rates
In recent months, the U.S. dollar has been exchanging between approximately 17 and 22 pesos. This is advantageous for individuals spending their dollars. If prices in pesos remain somewhat constant, your dollar will have greater spending potential when the peso is down. However, you can lose a bit of value if you spend your dollars in small stores or at gas stations. It is helpful to change some cash at a bank, caseta de cambio, or Pemex station. This is so that you have pesos to use in other locations. Pemex will typically post the current rate of exchange between the peso and the U.S. dollar.
You can make an easy exchange at an ATM. However, you do need to take special transaction costs into account based on your credit or debit card terms. You may not immediately know the amount of your own currency to be deducted. This is because your withdrawal will occur in pesos only. It is wise to continue to monitor your accounts periodically throughout your travels.
Keeping Track of Mexico Insurance Coverage
People typically purchase insurance with their own currency. For example, Mexican insurance policies for visitors have benefits and limits in pesos. It is important that your Mexico insurance coverage include appropriate liability limits for the states you will be visiting. This is because fatality accidents can result in financial obligations that are particularly high. Verify the recommendations in dollars as you review the options in Mexican insurance policies for visitors. Furthermore, refer to state-by-state listings of liability needs.
Mexican insurance policies for visitors from MexicanInsuranceStore.com includes Roadside Assistance, legal and bail bond throughout all of Mexico automatically