Exchanging Currency

[QUOTE=Hooky; 421230]Sorry Bob I am not sure to what you are referring. What they said they would credit back to me are the ATM w / the fees charged by the bank in Argentina. From what I've read there is typically a charge in the range of 14. 17 ARS, plus some people's banks charge them as well for using an outside ATM.

Is there another fee as well?

Just trying to figure this one out.[/QUOTE]The ATM withdrawal fees are about 17 pesos per transaction and unavoidable for the most part.

TL

PS - Depends , Citibank will not charge you a fee if you have an account with them in the USA .

[QUOTE=TejanoLibre; 421231]The ATM withdrawal fees are about 17 pesos per transaction and unavoidable for the most part.

TL.

PS. Depends, Citibank will not charge you a fee if you have an account with them in the USA.[/QUOTE]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.

I mean I have my 10, 000, 000 Vietnamese Dong deposited there.

Cheers!

[QUOTE=Hooky; 421232]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.

I mean I have my 10, 000, 000 Vietnamese Dong deposited there.

Cheers![/QUOTE]Is that not like 30 dollars?

Now quit fucking with US!

TL

If you have a US debit card (I think that it is true of credit cards also) any transaction here in pesos will generally incur a foreign currency transaction free.

If I recall correctly the ATM receipt will not show this fee. Your bank or credit card statement may or may not. The last time I did an ATM withdrawal here, several years ago, my bank charged me 1. 5. I've heard that the fee can be as high as 5% ([url]http://www.dailymarkets.com/creditcards/credit-cards-with-no-foreign-transaction-fee/[/url]). When banks say they refund ATM fees they generally, again in my experience, are not including the foreign currency transaction fees. This gets very confusing because when you call a bank's toll free number you are often talking to someone who does not travel abroad and has never heard of the foreign currency transaction fee.

Bob.

[QUOTE=Hooky; 421230]Sorry Bob I am not sure to what you are referring. What they said they would credit back to me are the ATM w / the fees charged by the bank in Argentina. From what I've read there is typically a charge in the range of 14. 17 ARS, plus some people's banks charge them as well for using an outside ATM.

Is there another fee as well?

Just trying to figure this one out.[/QUOTE]

[QUOTE=Hooky; 421232]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.

I mean I have my 10, 000, 000 Vietnamese Dong deposited there.

Cheers![/QUOTE]Actually that's about $980. 00 dollars is'nt it?

Anyway, this is how it works for me :

I am charged $17. 43 pesos per transaction using my Chase USA Card by ANY local BA ATM. For me there is no way around it.

My statement goes to Houston so I never know what they do on that end.

Don't worry about the little things man!

"Just Fuck It" like Nike says!

TL

Since it seems that Argentinians would rather have dollars, does it make any sense to exchange currency except for small amounts for taxis, meals, etc. It seems like the girls would prefer dollars to Argentine pesos? Is this correct? If so, what is the exchange rate they would calculate: 4. 6 to 1; 5 to 1? Please let me know your thoughts. For my trip in April, I'm thinking about bringing dollars in cash with me and using that for all major expenditures. I would only exchange a small amont of money for incidentals. Does this make sense?

Canyon

[QUOTE=Canyon; 421246]Since it seems that Argentinians would rather have dollars, does it make any sense to exchange currency except for small amounts for taxis, meals, etc. It seems like the girls would prefer dollars to Argentine pesos? Is this correct? If so, what is the exchange rate they would calculate: 4. 6 to 1; 5 to 1? Please let me know your thoughts. For my trip in April, I'm thinking about bringing dollars in cash with me and using that for all major expenditures. I would only exchange a small amont of money for incidentals. Does this make sense?

Canyon[/QUOTE]Black market may be close to 5 by then and you can use that in your favor with the girls but not with the restos.

They, the restos, will tell you that they are selling their grub at 4. 55 to 1 but in reality you are still losing cash.

Best bet :

I will take you to a black market dealer and get you the best rate available for restos and cabs, etc. Cabs will NOT accept your dollars due to ignorance or lack of ability to distinguish the real dollars from SUPER DOLLARS!

Have we NOT gone over this fucking issue enough already!

TL

[QUOTE=TejanoLibre; 421250]Black market may be close to 5 by then and you can use that in your favor with the girls but not with the restos.

They, the restos, will tell you that they are selling their grub at 4. 55 to 1 but in reality you are still losing cash.

Best bet :

I will take you to a black market dealer and get you the best rate available for restos and cabs, etc. Cabs will NOT accept your dollars due to ignorance or lack of ability to distinguish the real dollars from SUPER DOLLARS!

Have we NOT gone over this fucking issue enough already!

TL[/QUOTE]Come on give us a chance, just a few more times ought to do it.

Remember, we are noobs here.

LOL, just kidding TL, your help is much appreciated! ! !

Something happened to me last week that might benefit other mongers. Two of my "friends" stopped by the house and wanted dollars. It seems that when they want to send money home in dollars the place where they send money from charges them around $5. 60p for each dollar. They offered me $5p for each dollar. If you have a decent relation with some of your "friends" maybe you can help each other out. Just a thought!

[QUOTE=Gandolf50;421261]Something happened to me last week that might benefit other mongers. Two of my "friends" stopped by the house and wanted dollars. It seems that when they want to send money home in dollars the place where they send money from charges them around $5. 60p for each dollar. They offered me $5p for each dollar. If you have a decent relation with some of your "friends" maybe you can help each other out. Just a thought![/QUOTE]This is the kind of thing I heard about.

To where do your friends send dollars? You mean Paraguay or Dominica for example?

But OK they weren't referring to that type of friends I don't think.

[QUOTE=Hooky; 421267]This is the kind of thing I heard about.

To where do your friends send dollars? You mean Paraguay or Dominica for example?

But OK they weren't referring to that type of friends I don't think.[/QUOTE]Exactly, working girls. I just used that as a example to obtain a better then average exchange rate since it seems that most of us has at least a "few" friends.

I understand that cabs and restaurants want pesos, but how about the girls. Would they rather have dollars or pesos? If they want dollars, what exchange rate will they give you? 4. 6 to 1? 5 to 1?

I hear rumors of $5 or more. What is your current experience?

[QUOTE=Canyon;421334]I understand that cabs and restaurants want pesos, but how about the girls. Would they rather have dollars or pesos? If they want dollars, what exchange rate will they give you? 4. 6 to 1? 5 to 1?[/QUOTE]Only the smart girls prefer dollars as they put them in a safety deposit box at the bank.

Also, it needs to be a girl that keeps busy enough to be able to put money away and not one that lives from trick to trick.

Exchange rate from a Chica is unknown to me.

I have been getting about 4. 65 to 1 downtown.

Basically they will all accept dollars but only the smart ones prefer them.

TL

Where can we get the 4. 9 rate?

[url]http://www.ambito.com/economia/mercados/dolar.asp[/url]