Exchanging Currency

[QUOTE=Chezz; 430842]How do you know whether or not they have? And yes, I have read this thread and understand the difference between the rates posted on some currency-exchange website and what's actually available on the street. But because of the recent volatility, those numbers didn't sound too far-fetched.

Aqualung, if you're getting that rate today, my hat's off to you, sir.[/QUOTE]It depends on who you know. The cuevas or arbolitos are just making a living or a little something extra on the side. I know the traders they sell to and go directly to them. When I have currency (or gold) to sell I usually just leave it with them early and pick up the money at closing time. They always give me the best rate of the day.

[QUOTE=Chezz;430843]No, it's a different one. I'm using the cueva on Arenales between Talcahuano and Libertad. I got 6.50 at 1pm.[/QUOTE]I'll have to try this one next time. Any landmark or helpful markers to spot this one?

I didn't get the name of the place, but it is located on the basement level of a shopping center a few shops north of the Florida and Cordoba intersection across from Galerias Pacifico. The touts on the corner will take you there (or you can go on your own) to where two dudes at a kiosko exchange at ongoing parallel rates paying higher for $50 and $100 USD bills. I went there twice and all the Argentine Peso bills I got were good. I checked them at a close-to-corner store 1 block east on San Martin. The lady there has a machine that verifies the bills. You could buy a soda or candy from her.

[QUOTE=Bold Focker; 430840]Anybody know what the unofficial rate for the UK £ is?

The official rate is 8.

I have not been to BA now for about 7yrs. How much Cash can you take into the country Legally?[/QUOTE]It's virtually impossible to change UK£ at a decent rate. Nobody wants them.

You can bring in as much cash as you can carry, but if it's USD10, 000 or more you have to declare it and be prepared to prove its provenance.

[QUOTE=DavieW; 430857]It's virtually impossible to change UK£ at a decent rate. Nobody wants them.

You can bring in as much cash as you can carry, but if it's USD10, 000 or more you have to declare it and be prepared to prove its provenance.[/QUOTE]This is true, best to change your pounds to dollars before you leave.

[QUOTE=DavieW;430857]
You can bring in as much cash as you can carry, but if it's USD10, 000 or more you have to declare it and be prepared to prove its provenance.[/QUOTE]

For Argentina, there is no rule requiring proving provenance of the cash assets you wish to declare and bring in. All that is required is your declaration form OM 2087. Same for the half dozen euro coutries I've declared in.

The sole criteria for bringing in cash is noted on AFIP English site: [url]http://www.afip.gob.ar/english/touristInformation.asp[/url]

Under the section "Negotiable Instruments you may bring into or take out of the country". There are no regs listed for proving your own funds. Maybe there are some drug / money laundering statues that allow for demanding provenance but if so never seen it listed or had it asked.

Aug 2012. Had no issue entering Argentina with declared cash well in excess of $10k+ USD. Other than the somewhat amused shock and awe from the officials that I was actually declaring. The only questions I was asked after submitting my declaration form was what I was going to be spending this money on while in Argentina. I told them cash rental apartment and chicas at boliches. They just laughed and wanted to know which boliches I liked best.

[QUOTE=Mpexy;430864]For Argentina, there is no rule requiring proving provenance of the cash assets you wish to declare and bring in. All that is required is your declaration form OM 2087.[/QUOTE]When I first arrived here 6 years ago I entered twice with 10k+ and was asked to provide evidence of where it came from. Admittedly they weren't very thorough and were easily satisfied with some un-translated paperwork referring to a property sale.

[QUOTE=Mpexy;430847]I'll have to try this one next time. Any landmark or helpful markers to spot this one?[/QUOTE]It's not far from the house, I'll show you next time you need to go.

[QUOTE=Mpexy;430864]Had no issue entering Argentina with declared cash well in excess of $10k+ USD. Other than the somewhat amused shock and awe from the officials that I was actually declaring. The only questions I was asked after submitting my declaration form was what I was going to be spending this money on while in Argentina. I told them cash rental apartment and chicas at boliches. They just laughed and wanted to know which boliches I liked best.[/QUOTE]This works at Xoom as well. The last time they called me asking what the money was for I said "whiskey and putas." The guy said "que?" And I said "beer and hookers" in English. When I picked up the money, no problems at all and nobody has ever called me since and I've never had to stand at the window waiting while the person behind the glass called somebody about my money.

[QUOTE=Chezz;430843]No, it's a different one. I'm using the cueva on Arenales between Talcahuano and Libertad. I got 6.50 at 1pm.[/QUOTE]Just arrived in BA and went to Arenales and got 6.50, changing $500.

$6. 50 to 1 today in Moreno

[QUOTE=Gandolf50;430881]$6. 50 to 1 today in Moreno[/QUOTE]Got 6. 6 today

Is this fast rise going to continue or is it a holiday bump from dollar demand rising due to vacationers needing dollars to take to Uruguay? I seem to remember one like this in July as well during winter vacations.

[QUOTE=Daddy Rulz;430883]Is this fast rise going to continue or is it a holiday bump from dollar demand rising due to vacationers needing dollars to take to Uruguay? I seem to remember one like this in July as well during winter vacations.[/QUOTE]Thats what I'm thinking. Supply and demand. We will see in a couple of weeks as the season draws to a close.

Even the official rate is up to 4. 9 which is pushing up what we can get on the street.

Got 6. 7 today at the place on Arenales, changing $500. The $500 got me 100 more Pesos than yesterday. Almost enough for a good Bife de Ojo!

The traders were paying 7. 02 today so the arbolitos should be paying 6. 7 or 6. 8. No, I didn't do any exchange today at that rate!

Added - the 27th of February should be interesting. Keep you eyes open on that day!

[QUOTE=Jim Mac;430908]


Got 6. 7 today at the place on Arenales, changing $500. The $500 got me 100 more Pesos than yesterday. Almost enough for a good Bife de Ojo![/QUOTE]


Got 6. 7 today on Lavalle without even haggeling, it was only $1000. 00 u$d but the 6. 7 was nice. Must be selling for 7?

Don't know.

The dude on the street makes a commission so they must be paying more than 6. 7 , but how much more?

5s. 10s and 20's paid 6. 5. 50s ad 100s paid 6. 7.

What's next? This guy was an unknown.

TL

[QUOTE=TejanoLibre; 430926]Got 6. 7 today on Lavalle without even haggeling, it was only $1000. 00 you$the but the 6. 7 was nice.

5s. 10s and 20's paid 6. 5.

TL[/QUOTE]Two friends of mine on holiday from the UK turned up at my place yesterday and wanted to change some dollars (500). I told them it was a shame they hadn't come on Friday, when I could have taken them to my usual place and got them 6. 95. I explained that the rate always drops a bit at the weekend and that it also wasn't great that they only had $20 bills.

So we just wandered down to Lavalle, where we got 6. 8, without even haggling.

(Remind me to never, EVER do business with TL!)

[QUOTE=DavieW; 430927]Two friends of mine on holiday from the UK turned up at my place yesterday and wanted to change some dollars (500). I told them it was a shame they hadn't come on Friday, when I could have taken them to my usual place and got them 6. 95. I explained that the rate always drops a bit at the weekend and that it also wasn't great that they only had $20 bills.

So we just wandered down to Lavalle, where we got 6. 8, without even haggling.

(Remind me to never, EVER do business with TL!) [/QUOTE]It was not my money, it was very hot and it was too close to game time so the. 15 cents was not worth chasing to me. Grabbed the first guy on the street. It was a favor for a friend.

Wow! We could have saved $20. 00 dollars!

Thanks,

TL.

So your buddy made $10. 00 dollars, BFD!

6. 80 minus 6.50 = 30 cents.

Q. And who gives a damn about how much anyone lost or gained?

A. This thread exists because everyone's looking for the best deal!

You claim to change USD20k per week and fell short by 30 cents. That is quite a big deal actually.

I posted the comparison just to make unsuspecting victims aware.

[QUOTE=DavieW;430938]I posted the comparison just to make unsuspecting victims aware.[/QUOTE]Victims?

[QUOTE=DavieW;430927]I told them it was a shame they hadn't come on Friday, when I could have taken them to my usual place and got them 6. 95.[/QUOTE]Would you mind posting where you were able to get 6. 95 on Friday?

Thanks!

[QUOTE=DavieW; 430938]6. 80 minus 6. 50 = 30 cents.

Q. And who gives a damn about how much anyone lost or gained?

A. This thread exists because everyone's looking for the best deal!

You claim to change USD20k per week and fell short by 30 cents. That is quite a big deal actually.

I posted the comparison just to make unsuspecting victims aware.[/QUOTE]I got 6. 8 and you got 6. 95, last time I checked that equals to. 15; not. 30.

Shit Man , it changes every fucking minute ! 6.8 , 6.7 , 6.95 , etc . Last week I was happy with 6.4 , I give my Pizza Man 6.0 because I'm a nice guy ! I SELL him my dollars at 6.0 !

Something I'm sure you would never do to help out a local . I do it because it is a trivial amount and it's accross the street from my house , plus he gives me extras in return .

If it's my money and if it's a substancial amount I may walk a mile for a camel but if it's for a few dollars more nobody gives a shit.

That's all folks!

TL.

The 20k a week or month is never all at once but maybe in 2k to 4k spurts.

If ALL of you would combine your dollars then you could probably break the 7 to 1 mark, official or not!

These people want to stuff their mattresses with Franklins at any cost!

You keep crying over spilled cum ! Big deal you fucking Limey !

I can asure you that there were no victims. TL helped out (for free) and the member who exchanged his money seemed happy. I was along for the knowledge.

Returned today and changed my money. No muss, no fuss. A great benefit for those of us who do not know what is safe and not.

Got my first of the new Evita 100 peso notes today. I like them!

And against all expectations and predictions, the rate continued to rise this week. Judging by what I got from my agency, you should be able to get 7 on the street today I reckon.

[QUOTE=DavieW; 431015]Got my first of the new Evita 100 peso notes today. I like them!

And against all expectations and predictions, the rate continued to rise this week. Judging by what I got from my agency, you should be able to get 7 on the street today I reckon.[/QUOTE]Got 6. 85 couple days ago on tues.

[QUOTE=DavieW; 431015]Got my first of the new Evita 100 peso notes today. I like them!

And against all expectations and predictions, the rate continued to rise this week. Judging by what I got from my agency, you should be able to get 7 on the street today I reckon.[/QUOTE]I like the new green reflecting security feature on the new Evita 100's. I heard there are fakes of these already on the streets!

Also a better security hologram on the front too.

Just authorized a transfer via Xoom at 6. 6 to one but noticed in the Buenos Aires Herald the Blue Market rate is no 7. 12 to one due to the demand from tourist season. That's a 44% delta fromt he "official" rate of 4. 94 to 1.

Just an FYI

[QUOTE=Doppelganger;431018]in the Buenos Aires Herald the Blue Market rate is no 7. 12 to one[/QUOTE]That was for yesterday. I actually got that rate in my hand today, so I'm guessing the 'published' blue rate is at least 7. 22 today!

I'll be in buenos aires next week and was hoping for a safe place I can change some dollars. Please pm me any help if not comfortable posting location here. I really appreciate the help.

[QUOTE=Rubiks Cube;431021]I'll be in buenos aires next week and was hoping for a safe place I can change some dollars. Please pm me any help if not comfortable posting location here. I really appreciate the help.[/QUOTE]Bring some peanut butter and root beer by the AP House and I'll take you by the hand and walk you there.

Got 6. 9 this morning at Cervino / Scalabrini Ortiz cueva.

Exchanged 2, 800 dollars.

The Dollar closed at 7. 18/7. 20 for this week. Usually the best days to sell are Thursdays and early Fridays (before midday).

Got 7. 15 this morning, no begging, no hassles. Wow. 4 increase in a week!

Also was that rate for smaller amounts like 200 USD?

Thanks for your.

Thanks for your time and indo.

[QUOTE=Mrropes;431175]Got 7. 15 this morning, no begging, no hassles. Wow. 4 increase in a week![/QUOTE]

Today. 16th of Jan. 1:30 pm. 7.37/7. 51 pesos to the Dollar.

About 750 Lavalle.

A little indoor mall across from Acapulco restaurant. Walk in, up three steps and first door on right.

7. 15 for $100USD

7. 2 to 1 for 500usd at cervino today. 1220hrs,

Oh man, up from 6.2 to 7.2 in six weeks. Anyone coming to town now with dollars has got to be pleased with their timing.

7. 25 to 1, for 1200 USD this morning at 11:00am at recoleta cueva.

Note. Initially asked for 7. 20 and teller said ok, yes. But in rare honesty for Argentina, she then told me after punching in the 1200 into computer system they use that for that amount I'd get 7. 25