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Currency

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Toronto, Canada
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75 posts
16 reviews
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Currency

Better to bring Cordobas or US $ or a mix?

Cincinnati, OH
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190 posts
37 reviews
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11. Re: Currency

Please explain this double conversion myth. This is not true for US citizens with US bank accounts. We have never experienced it and have been withdrawing USD from Nicaragua ATMs ongoing for 7 years.

Cesena, Italy
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7,362 posts
1,172 reviews
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12. Re: Currency

what do u mean?

Edmonton, Canada
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5,933 posts
74 reviews
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13. Re: Currency

Re the double conversion, I've seen complaints on the Mexico forums about eye-popping fees on US$ withdrawals there. Apparently those require a conversion of US$ to pesos and back again, with the bank charging a spread both times. Plus fees of course.

Maybe it works better in Nicaragua. Give it a shot.

Cesena, Italy
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1,172 reviews
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14. Re: Currency

i see

thanks

Managua, Nicaragua
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1,094 posts
47 reviews
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15. Re: Currency

Natalie - note that the original poster is from Canada. So their bank account would be in canadian dollars.

if they pulled money out in dollars, they would pay the bank to convert their canadian dollars to US dollars, and then they would exchange the US dollars somewhere in Nicaragua, and have a second fee for converting their money.

Ive also heard it happen where someone pulled money out in Cordobas. The bank here converted the cords into US dollars automatically, and then charged a small fee. When the US dollar charge got deducted from the users canadian bank, THEIR bank charged them a fee to convert the US dollar charge, into canadian dollars.

If you have a US bank in american dollars you have it much easier to get money here.

Cesena, Italy
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7,362 posts
1,172 reviews
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16. Re: Currency

yes,u r right

Cincinnati, OH
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190 posts
37 reviews
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17. Re: Currency

Thanks, I missed they were Canadian. But certainly there is no double conversion at an ATM for USD for US bank account holders.

18. Re: Currency

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