Exchanging Currency

[QUOTE=Thomaso276;446567]Yes, plenty on Florida.[/QUOTE]Some of you may know or surely have seen or noticed Victor on the corner of Florida and Marcelo T de Alvear.

He has been there for about 10 years and he is wheelchair bound.

Today I just happened to be walking past him and I was looking for a quick and decent exchange rate but it was a national holiday and I only had a few bucks to exchange.

He gave me $14.60 to 1. Good enough. I had just finished a walking tour of BA and we had walked about 8 miles.

I'm sure you could find a better rate but it was a tiny amount and when I talked to him and thought about his situation I could not think of a more deserving individual.

He gave me the pesos and I told him that I didn't even need to count it but he insisted.

He had overpaid me. Of course I gave him the difference and asked him for his Whatsapp info.

Victor the Cambio Guy.

+54911 3604 1677.

Florida and Marcelo T de Alvear .

7 days a week .

In a wheelchair for life.

Thanks ,

TL.

Unless he has backtracked incoming president Mecri has stated that he will remove restrictions on foreign currency purchases. My thoughts have been that this will increase the pesos to the dollar at the official rate. So what happens to the blue rate. I'm wondering if the official rate shows a dramatic increase in pesos to dollars and the blue rate initially stays the same but their goal is to bring the two rates closer together and eventually have the two rates the same.

[QUOTE=HotRod11;446574]Unless he has backtracked incoming president Mecri has stated that he will remove restrictions on foreign currency purchases. My thoughts have been that this will increase the pesos to the dollar at the official rate. So what happens to the blue rate. I'm wondering if the official rate shows a dramatic increase in pesos to dollars and the blue rate initially stays the same but their goal is to bring the two rates closer together and eventually have the two rates the same.[/QUOTE]There's a lot of discussion about this on that thread. I honestly don't think anybody knows at this point.

[QUOTE=HotRod11;446574]Unless he has backtracked incoming president Mecri has stated that he will remove restrictions on foreign currency purchases. My thoughts have been that this will increase the pesos to the dollar at the official rate. So what happens to the blue rate. I'm wondering if the official rate shows a dramatic increase in pesos to dollars and the blue rate initially stays the same but their goal is to bring the two rates closer together and eventually have the two rates the same.[/QUOTE]I believe his plan is putting it very simply is to allow the official rate to match the blue rate (official goes up a lot and the blue down a little??) making ONE exchange rate thus helping to reduce the dollar demand and hopefully reduce inflation to a single digit phenomenon. And maybe Moyano will reduce the teamsters salary's while all this is happening?? :-).

New Argentina President Macri has allowed the Peso to float on the open market. Its now at 13 to 1 US dollar. Yesterday it was 9.7 to 1. We will see how far it goes.

Called my Citi CC today. With no foreign exchg fee, any charges for today will have a rate of 0.0761 pesos per USD. Therefore:

1.00 USD = 13.1270 ARS.

US Dollar ↔ Argentine Peso.

1 USD = 13.1270 ARS 1 ARS = 0.0761789 USD.

Mid-market rates: 2015-12-20 14:31 UTC.

Too early to start using card. Disco supermarket offered 13 to 1 for cash purchase.

They are all playing it safe.

Maybe members can post other examples - restaurants, hotels, etc..

[QUOTE=Thomaso276;446643]Called my Citi CC today. With no foreign exchg fee, any charges for today will have a rate of 0.0761 pesos per USD. Therefore:

1.00 USD = 13.1270 ARS.

US Dollar ↔ Argentine Peso.

1 USD = 13.1270 ARS 1 ARS = 0.0761789 USD.

Mid-market rates: 2015-12-20 14:31 UTC.

Too early to start using card. Disco supermarket offered 13 to 1 for cash purchase.

They are all playing it safe.

Maybe members can post other examples - restaurants, hotels, etc..[/QUOTE]Yesterday, a store (clothing, electronics or shoes knowing me) had a rate of 13.7-1 posted at the register. It might have been a restaurant. Sorry I know this isn't that useful but it does help with what is trending because I am certain of the number.

Banco de la Nacion is showing the dollar at 12.8 today. I called my guy and he quoted 13.7 on a 1000.

No more dollar blue.

[QUOTE=Ilstranger;446714]No more dollar blue.[/QUOTE]The spread is only 10% now but it's still there and probably always will be.

[QUOTE=DaddyRulz;446715]The spread is only 10% now but it's still there and probably always will be.[/QUOTE]It seems the banks are only giving out 500U$D at a shot unless you meet all sorts of rules. And even then they are running out of dollars and say come back another day. Ive been getting 14 to 1 lately and that might improve in January as people leave for vacations. Until they stock up the reserves and the central bank there will be a "Blue" dollar.

[QUOTE=Gandolf50;446716] Until they stock up the reserves and the central bank there will be a "Blue" dollar.[/QUOTE]-as Brazil devaluated 35 - 45 %, this year the demand is 4 Real, nomore 4 usd.

Maybe they expropiate the "K-fortune"...this makes BCRA rich.

Maybe the blue-party is over.

Till Chiquiloft will come back. (maybe in Caracas, la Paz o La Habana).

I hope, we will get back to economy, not low-end speculation en "cuevas".

[QUOTE=Gandolf50;446716]It seems the banks are only giving out 500U$D at a shot unless you meet all sorts of rules. And even then they are running out of dollars and say come back another day. Ive been getting 14 to 1 lately and that might improve in January as people leave for vacations. Until they stock up the reserves and the central bank there will be a "Blue" dollar.[/QUOTE]I think as long as they continue the fiction of the "official" exchange rate there will always be a blue rate with a decent spread. 13-1 isn't the number.

Even if they really float the peso there will still be a small one because there is always people trying to stay off book. Those people will always be paying a premium to change black pesos to dollars and as long as they are paying the premium, I will get a little more at the cueva for my dollars.

That sounds like wishful thinking. I walked down Florida a week ago and was offered 60 centavos above bank rate. The difference is becoming negligible not the reverse. Macri' s election victory did away with any meaningful dollar blue.

[QUOTE=DaddyRulz;446715]The spread is only 10% now but it's still there and probably always will be.[/QUOTE]

[QUOTE=Ilstranger;446714]No more dollar blue.[/QUOTE]$13.90 today from Victor.

I guess that's better than a sharp stick in the ass but it may depend on the stick.

TL.

He said something about the official being $12.70 but I have not bothered to even check.

No idea what his source is.

But like anything in life you can work it like a car deal or a pussy transaction.

Negotiate!



Not worth my time but it may be worth yours .