Dollars or pesos: which currency to buy and pay in

The price, the deed and your money

In Puerto Vallarta and Riviera Nayarit you will see prices quoted in pesos (mandatory for listings under NOM-247) and developments that operate in dollars. Understanding who sets the currency at each step avoids exchange surprises.

Three currencies, three moments

• The listing: the list price is published in pesos (the norm requires it); some developments also reference a dollar price.
• The contract and deed: agreed in whichever currency you choose; if dollars, the deed records the peso equivalent at the signing-day exchange rate for registry and tax purposes.
• The payment: large cross-border transfers move through the banking system with source-of-funds verification (SPE/Fedwire/SWIFT). Have your origin documentation ready: a home sale, savings, investments.

Exchange risk

If your income is in dollars and you buy in pesos, the exchange rate moves for or against you between offer and signing. The pragmatic move: fix the contract currency in the offer and leave no amounts open to later conversion.

My operational advice

Before the offer we define contract currency, amount and payment form. And I keep your source-of-funds documentation ready from the start: that is what speeds up the banking and notary stage.