Posted by Scott on January 11, 2016, 7:40 am, in reply to "Re: Exchange Rates for Cash"
24.56.240.110
I am remembering when the peso topped 3,000/USD and one exchanged as little money at a time as possible because the difference in exchange rate between morning and evening was enough to provide a free dinner for a young traveler. Direct purchase with USD saved a lot of local folks. There were a lot of mattresses stuffed with USD back then.
Also remembering that many rental reservations are made months ahead of time with a deposit, but sometimes a majority of payment is made at occupation. At the current moment, that owner would want to give the price in USD or there will be a larger exchange rate loss. Of course that is irrelevant if payment is upfront.
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