Exchanging Currency

[QUOTE=Aqualung;432651]As I predicted, the Dollar dropped a little to 8,42/8,48 to close the week after hitting a record high of 8,70/8,75 earlier this week. The method the government used to make the Dollar come down can only keep it like this for a very short time. They are desperate not to devalue the peso till after the elections later this year and are using all the resources they can. I wouldn't be surprised if it didn't reach 9 later next week or the week after.[/QUOTE]Moreno asked that the Blue Rate be set at 8.45 and nobody listened to him so on Monday the rate will be set at 6.00 by force and the illegal cuevas will be closed down!

This is front page news in todays Clarin. What should we do? Run to the exchange house of choice on Sunday and sell as many dollars as you think you will need?

That means Lavalle and Florida as some of the others will be closed.

Any thoughts?

TL.

Maybe someone can pull-up the article.

[QUOTE=TejanoLibre;432653]Moreno asked that the Blue Rate be set at 8.45 and nobody listened to him so on Monday the rate will be set at 6.00 by force and the illegal cuevas will be closed down!

This is front page news in todays Clarin. What should we do? Run to the exchange house of choice on Sunday and sell as many dollars as you think you will need?

That means Lavalle and Florida as some of the others will be closed.

Any thoughts?

TL.

Maybe someone can pull-up the article.[/QUOTE]Damn, and I won't be in Bs As until May.

Don be.

Here's the article: [URL]http://www.clarin.com/politica/Moreno-pretende-bajarle-ahora-quiere_0_887911326.html[/URL].

In brief it says Moreno demanded the blue rate be lowered to 6 'within 1 week', and how ridiculous it is for him to expect that to happen.

It says he could indeed close all the cuevas, but that would probably take some time.

No one will sell dollars at 6 when they know there is demand at 9.

This could get interesting. If they do close the cuevas the market will just move to private offices and houses. I already sell dollars to friends here, and I could start up a business if they shut down the cuevas.

Go for it Moreno!

Anyone know the current blue rate for Euros?

[QUOTE=OldCoach;432664]Anyone know the current blue rate for Euros?[/QUOTE]I changed a bunch of currencies at the same place (cervino) at the same time, so not sure exactly but it was over 10. Maybe 10.5?

They also changed some brazilian currency for me that I had left over. All at 'blue' rates of course.

And yes, a cop opened the door for me, so it isn't exactly being pressured to close, at least not yet.

[QUOTE=FrankAndStein;432681]I changed a bunch of currencies at the same place (cervino) at the same time, so not sure exactly but it was over 10. Maybe 10.5?

They also changed some brazilian currency for me that I had left over. All at 'blue' rates of course.

And yes, a cop opened the door for me, so it isn't exactly being pressured to close, at least not yet.[/QUOTE]Wow! Was 7.5 last October.

Landing in BA tomorrow night.. Can anybody suggest the best place to exchange money...

Just somewhere which has blue rate (or close to it) and shaft me with a heap of counterfeit money.

Much appreciated.. Probably want to exchange 1000 US for the week.

Regards.

[QUOTE=RoryRory;432695]Landing in BA tomorrow night.. Can anybody suggest the best place to exchange money...

Just somewhere which has blue rate (or close to it) and shaft me with a heap of counterfeit money.

Much appreciated.. Probably want to exchange 1000 US for the week.

Regards.[/QUOTE]Hi Rory.

I am an airport chauffeur here, and I'll be heading into EZE from the CITY at 5:45 PM, let me know if you would like to take advantage of my transfer service at a lower rate than normal since I will be there anyway, and I may also be able to assist you with $ exchange, so you will be ready to go from the start. The sooner I know the better so we can make the necessary arrangements.

Fred.

[URL]www.silverstarcar.com[/URL]

Here's one in Recoleta: 1245 Arenales, between Talcahuano and Libertad. Very professional and located in a good neighborhood.

[QUOTE=RoryRory;432695]Landing in BA tomorrow night.. Can anybody suggest the best place to exchange money...

Just somewhere which has blue rate (or close to it) and shaft me with a heap of counterfeit money.

Much appreciated.. Probably want to exchange 1000 US for the week.

Regards.[/QUOTE]

Thank you.

What is the latest blue exchange rate?

Thanks

[QUOTE=MJsummit;432995]What is the latest blue exchange rate ...?
[/QUOTE]Interested to know myself. I only change USD once a month when I get paid and it looks like I've missed out on the highs of a couple of weeks ago.

I'm expecting my salary to arrive later this morning. I'll let you know what I get offered.

I got 8.1 yesterday April 8 at the cueva on Scalabrini and Cervino.

[QUOTE=MJsummit;432995]What is the latest blue exchange rate?

Thanks[/QUOTE]Gee, I wonder if those links titled "Exchange Rates" on the forum's Front Page would be of any help in answering this question?

Jackson,

I don't think anybody reads down to the blue dollar link.

Sort of the same mentality of the newbys asking for help without reading any posts.

Got pabulum?

[QUOTE=Doppelganger;433013]Jackson,

I don't think anybody reads down to the blue dollar link.

Sort of the same mentality of the newbys asking for help without reading any posts.

Got pabulum?[/QUOTE]Wrong!

Yes it is helpful, but I have a question. On Precio Dolar Blue and La Nacion the current purchase rate is 8.34 and the current sell rate is 8.37. Whereas on [URL]DolarBlue.net[/URL] the current purchase rate is 7.87 and the sale rate is 8.37. Last year, some person, who want to buy dollars from me, told me that you had to use DolarBlue's figures and average the sale and purchase rate on [URL]DolarBlue.net[/URL] to determine the correct sell price. Using the current prices on [URL]DolarBlue.net[/URL] he would buy my dollars at 8.12. Obviously this is a rip-off. No doubt there is a discount from the current published purchase price, but I believe that it should be in the range of 5-6 cents depending on the amount and denominations of the dollars involved. Thus, using a purchase price of 8.34 the price would be 8.28 or 8.29.

So after that long winded introduction what is the normal discount from the published purchase price, if any?

Let me explain the best I can:

It's a market. I'm not an Argentine (or any sort of) lawyer so I'll not comment on the legality or otherwise of exchanging money other than at the white rate a little over 5.

I'll stick with practicality. Those of us lucky to have a direct line to a cueva will not want to disclose information potentially embarrassing to the cueva.

Think of the cueva as the principal. The cuevas employ "arbolitos" as agents. These are the guys who patrol Florida and Lavalle (pronounced Lavash) They need to make a little money themselves so they will offer a little less than the cueva. So talk to the arbolito and negotiate a price (they were offering me 8.0 on Sunday). Tell him how many dollars you want to exchange and he will give you a price. There may be a little room for negotiation, generally speaking $100 bills are most desired (portability) and larger amounts get a better rate.

There also some cambio places mentioned in this thread which may be principals or agents, it's a little hard to tell sometimes.

If you agree on price he will probably take you to a local storefront within a mall, take your money and ask you to wait. He will then go to the cueva with your money, or possibly to a local business owner if the has that connection, and ten minutes later will return with the agreed amount of Pesos AR.

Will he come back with the correct amount of Pesos AR? Extremely likely.

Will there be any counterfeit bills?" Unlikely but possible, but almost certainly it will be by mistake rather than malice. Could happen at a bank also.

Remember, It's a market. There is no "right price". It's just a matter of are there more Pesos looking for dollars or dollars looking for Pesos.

Good luck out there and remember to post your report!

Last year 6.34 three weeks ago, 7.87 and last week 8.20 All $100 and a $1000 or more. None were made on Florida or LaValle.

As to the discount, if any, you do not average the buy / sell rates on [URL]DolarBlue.net[/URL],no? Can I just look at the published rate on La Nacion, discount it by 5 cent and get a fair exchange?

[QUOTE=DavieW;432997]
I'm expecting my salary to arrive later this morning. I'll let you know what I get offered.[/QUOTE]8.25 this afternoon.

[QUOTE=Santa;433015]Wrong!

Yes it is helpful, but I have a question. On Precio Dolar Blue and La Nacion the current purchase rate is 8.34 and the current sell rate is 8.37. Whereas on [URL]DolarBlue.net[/URL] the current purchase rate is 7.87 and the sale rate is 8.37. Last year, some person, who want to buy dollars from me, told me that you had to use DolarBlue's figures and average the sale and purchase rate on [URL]DolarBlue.net[/URL] to determine the correct sell price. Using the current prices on [URL]DolarBlue.net[/URL] he would buy my dollars at 8.12. Obviously this is a rip-off. No doubt there is a discount from the current published purchase price, but I believe that it should be in the range of 5-6 cents depending on the amount and denominations of the dollars involved. Thus, using a purchase price of 8.34 the price would be 8.28 or 8.29.

So after that long winded introduction what is the normal discount from the published purchase price, if any?[/QUOTE]Hi Santa,

Without a doubt, any published "Blue Dollar" rate is only an estimate as there is no official market for such exchanges.

Nevertheless, these sources do provide some insight into what is by nature a murky subject.

I generally find that I will receive approximately 97 to 98% of what I sense is the day's "most rational" number.

I can also say, in a completely subjective statement, that [URL]www.ambito.com[/URL] seems to more consistently provide the most accurate number (after being discounted as described above).

Of course, as noted, there are dozens of other variables which may effect the rate you get quoted at that moment, including the possibility that the cueva you are in may be under-supplied with one currency or another and they're just at that moment trying to discourage purchases of that currency.

Thanks,

Jackson.

I did not see those links before.

FYI...

Today the published blue dollar rates were:

[URL]lanacion.com[/URL] = 8.40

[URL]ambito.com[/URL] = 8.42

[URL]dolarpeso.com[/URL] = 7.68

[URL]dolarblue.net[/URL] = 8.43

[URL]preciodolarblue.com.ar[/URL] = 8.42

Today, I actually got 8.25 while exchanging 1k.

That's 98% of the [URL]ambito.com[/URL] published rate.

You are welcome,

Jackson

Beats me, why someone who earns in pesos from local business would want to exchange us $!

[QUOTE=Member#3320;433102]Beats me, why someone who earns in pesos from local business would want to exchange us $![/QUOTE]I am not a economist but I think it would be obvious. The banks are not paying interest, any where. But if you earn in pesos and buy a small amount (what ever you could afford) monthly the saving and earnings should be obvious. In less then two years the dollar has gone from 5 to 8 pesos. About a 60 % gain? Where else can you get that return on a small investment. With the dollar supposedly going to 10 in the near future, that would be 100% in less then 3 years. It seems like a good idea to me!

8.15 today, Friday.

Dolar Blue is showing 8.70. Is any one getting anything near that?

[QUOTE=Gandolf50;433209]Dolar Blue is showing 8.70. Is any one getting anything near that?[/QUOTE]I got 8.40 for 300.

[QUOTE=DaddyRulz;433213]I got 8.40 for 300.[/QUOTE]8.40 both days for 1000 K each.

I'll be staying in Microcentro. Does anyone know where I can get my dollars exchanged in that area?

Hey, does anyone know how late these guys are open? I haven't been there yet, but they sound legit based on what people have been saying here. If anyone has any bad experiences with them, please let me know before I go! Thanks.

[QUOTE=BlackBerry1;433217]I'll be staying in Microcentro. Does anyone know where I can get my dollars exchanged in that area?[/QUOTE]To you and Sleeper:

There are 951 Posts on this subject! Anything and everything ANYBODY could EVER want to know! Just spend 5 minutes to read them and you can exchange all you want without getting killed or ripped off!

TL.

All within walking distance of the Obelisco!

[blue][Deleted by Admin][/blue]

[QUOTE=DonB;433230]What is the name of the hotel on [blue][Deleted by Admin][/blue] (I think).As I remember it is the building where United Airlines had a large operation years ago. Don B.[/QUOTE][blue]Hey DonB,

What the fuck does this have to do with "Exchanging Currency"?

Thanks,

Jackson[/blue]

[QUOTE=Jackson;433233][blue]Hey DonB,

What the fuck does this have to do with "Exchanging Currency"?

Thanks,

Jackson[/blue][/QUOTE]Nothing, but frankly your posting rules and methods are not logical.

So how about answering the question.

Don B.

[QUOTE=DonB;433236]Nothing, but frankly your posting rules and methods are not logical.

So how about answering the question.

Don B.[/QUOTE][blue]Really?

You think that asking members to post in threads that are relevant to their post is "[i]not logical[/i]"?

And then you continue to spam the thread with the question "[i]So how about answering the question.[/i]"

Here's a question for you: Why don't you fuck off?

Thanks,

Jackson[/blue]

Believe me, you don't "Fuck With El Jefe".

I learned that the hardway.

Exon

Until 5 pm Monday through Friday; not sure about Saturday. I've never had a problem there and usually get a higher rate with $100 notes on exchanges over $1000.

[QUOTE=Sleeper;433218]Hey, does anyone know how late these guys are open? I haven't been there yet, but they sound legit based on what people have been saying here. If anyone has any bad experiences with them, please let me know before I go! Thanks.[/QUOTE]

Got 8.65 this afternoon at Scalabrini and Cervino. This was their initial quote, independent of amount changed.

20 minutes later, I popped into the Junin coin shop to see how they would compare. Was quoted only 8.3.

[QUOTE=Kazzooey;433315]Got 8.65 this afternoon at Scalabrini and Cervino. This was their initial quote, independent of amount changed.

20 minutes later, I popped into the Junin coin shop to see how they would compare. Was quoted only 8.3.[/QUOTE]Got $8.97 today across the street from X at the "Tourista" Store next door to La Mad!

I said "$8.97 ? That's too much!! ".

And the guy said " I can pay you less if you'd like! ".

Then I heard that Gautlet got 9 to 1 !

Fuck! It is about to hit the fan! Or it already has!

TL.

Turismo Dalman.

Carlos Pelegrini 787.

Leather, Kitchen Magnets and Mate' Gourds!

Tourist Shit!

High-End Bus Tickets to All Over The Country Too! Same price as the Bus Terminal but a lot more convenient!