Bank You can buy pesos with dollars at major banks like and.
To be able to legally exchange money, these businesses must be licensed.
The disadvantage is the bank of your destination is the only place to cash them because they are not accepted everywhere.
This way, you get to stay ahead, but it can also have its downside.
We also may receive a referral fee if you choose one of these banks or companies, but that wont affect the exchange rates or fees you get.
The information supplied on this site does not constitute financial advice.