Changing dollars on the street with an independent money exchanger – also known as a “coyote” – is common place in Nicaragua.
Coyotes can be found at markets, on plazas or close to regular banks. They flash large bricks of cash and typically offer rates comparable to what you can get at the bank.
Independent money exchangers are generally honest, but it’s important to know the exchange rate and roughly how much money to expect back in the transaction. To avoid being short changed always count your money.