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Banks often close at 3pm, and earlier on the last day of the month. Cadecas (exchange bureaus) may be open longer, especially in hotels. When going to a bank allow enough time as service is usually slow and many people may already be waiting. Foreigners may get preferred treatment in exchange for a small tip.
You must bring your passport in case you want to exchange traveler's checks or make a credit card advance, although cash can be changed without a passport. Exchange rates do vary from place to place, and some hotels do give significantly worse exchange rates than the banks.
Based on work by lj erickson, Emile Armand, Todd VerBeek, Mike Sharp, Alberto J. Arrechea and David, Wikitravel user(s) Valtteri, Cacahuate, War is peace, The Yeti and Morph, Anonymous user(s) of Wikitravel and others. Content is available under Creative Commons Attribution-ShareAlike 1.0.
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