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Vacation Rentals in U.S. Dollars

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Post by BMW on Fri Feb 13, 2015 11:38 am

A general question from a newbie. Next week I'm going to be a Canuck in Mexico and wondering why I must pay for my vacation rental equivalent in US dollars? Just trying to understand the rationale, seeing as I can't use US currency anywhere else.
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Post by papa chango on Fri Feb 13, 2015 11:43 am

The property must be owned by a gringo.

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Post by brigitte on Fri Feb 13, 2015 11:51 am

If it is the rule from the owner you can speak with him or his manager but if you do not come to an agreement you will have go by that rule or find another place.
You get the same thing in Mexico city in some of the hotels at least there , there are lots of places who quote in pesos.

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Post by RVGRINGO on Fri Feb 13, 2015 12:21 pm

You can usually pay in pesos. Just do the math for the exchange rate from USD to Pesos.

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Post by CanuckBob on Fri Feb 13, 2015 12:43 pm

The prices are in USD and can be paid in pesos at the exchange rate of the day. No one usually expects or wants actual US currency.
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Post by slainte39 on Fri Feb 13, 2015 1:59 pm

You can do your shopping at SuperLake, where the prices are in pesos, and pay with USD, probably a lot of other places as well.  You can go either direction with the currencies in a lot of places, and as RV says, just do the math.
The only real "rule" is that anything priced in USD in Mexico, is that pesos can be substituted at the current exchange rate, so you don't really have to carry USD around.
Your landlord has to accept pesos at the current exchange rate....that's the law.


Last edited by slainte39 on Fri Feb 13, 2015 2:17 pm; edited 1 time in total

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Post by brigitte on Fri Feb 13, 2015 2:12 pm

Yes that is the law but he does not want to do it, are you going to ruin your vacations or move on..

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Post by slainte39 on Fri Feb 13, 2015 2:22 pm

Then go to Intercam or CI and get the dollars if you don't want to make an issue over it, even though you may be right.  
I even think there is an ATM where you can get dollars....like HSBC.

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Post by BMW on Fri Feb 13, 2015 3:43 pm

Thanks for the feedback everyone. If no one really expects or wants US currency, why are the prices set out in US dollars?
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Post by RVGRINGO on Fri Feb 13, 2015 3:53 pm

Think of it as a more stable reference point. However, if the landlord insists on USD, you have the right to pay in pesos. Simple, huh?

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Post by Rosa Venus on Fri Feb 13, 2015 3:57 pm

BMW wrote:If no one really expects or wants US currency, why are the prices set out in US dollars?  

Because most vacationers come from the US and don't think in terms of pesos. If the rental owner priced it in pesos, the first question they'd have to answer - and they'd have to answer it every time - is, "How much is that in dollars?"
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Post by slainte39 on Fri Feb 13, 2015 4:29 pm

RVGRINGO wrote:Think of it as a more stable reference point. However, if the landlord insists on USD, you have the right to pay in pesos. Simple, huh?

Correct, as historically the USD has been more stable than the peso.  Mexicans has for years have squirreled away USD.

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Post by CanuckBob on Fri Feb 13, 2015 4:44 pm

Rosa Venus wrote:
BMW wrote:If no one really expects or wants US currency, why are the prices set out in US dollars?  

Because most vacationers come from the US and don't think in terms of pesos. If the rental owner priced it in pesos, the first question they'd have to answer - and they'd have to answer it every time - is, "How much is that in dollars?"

Actually most people around here now a days come from Canada however as RV and Slainte pointed out the USD is the currency that is the most stable.

BMW, If you travel to any other Latin American countries you will find similar situations with the prices in USD.
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Post by Rosa Venus on Fri Feb 13, 2015 7:09 pm

CanuckBob wrote:
Actually most people around here now a days come from Canada...

If by "now a days" you mean February, well then yes, maybe. ¡Bienvenidos Ontarians! jajajaja. (Though we could well see a surge of Bostonians soon. Poor goobers.)

But I bet over the course of a year, there are still far more visitors from the US than Canada.
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Post by CanuckBob on Fri Feb 13, 2015 8:07 pm

Perhaps however the majority of the guests in my casita's and at the B&B next door are Canadian the past 2 years. I would say about 60/40. The good news is that I've had about 10 sets of guests move here permanently after their visit, both from the US and Canada.
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