best exchange rate for US dollars

nancyh

New member
Jan 13, 2002
33
0
0
Dear friends,
Scotia Bank was helpful and efficient re: sending money to Canada. Exchange rate was AWFUL though - 18.95.
Tell me please, do the little private Cambios give better rates than banks?
If so, could someone tell me the best one to go to- I live in Arroyo Hondo very close to the Jardins Botanico
 

ricktoronto

Grande Pollo en Boca Chica
Jan 9, 2002
4,837
0
0
You know that selling and buying rates are different

The 18.5 rate you get for buying pesos at a cambio is always better than the 18.95 rate you mention for selling them. In fact f you look at the typical CDN/US$ spreads at your bank they are probably relatively worse than this spread. Even cambios have to make money.

The DR1 home page has the buy/sell rates every day and they are not far off what you said here.