Exchanging Currency

Here is some information for Bariloche:

On my second day in Bariloche, I was able to find the arbolitos. There were a couple guys on the 200 block of Bartoleme Mitre, south side of the street near the entrances to one of those inside-the-block malls. This is the third block east of the Centro Civico. Both guys I talked with were offering 10.1 pesos per 1 dollar. This rate was for $50 and $100 bills. Smaller denomination bills could be traded at 9.7 pesos per dollar. I was taken into a clothing store selling t-shirts, sweatshirts, and jackets. I did not see an address, but the store was flanked on the west by the entranceway to a supermarket and a kiosk on the east. My hotel accepted dollars at a rate of 10, but I think they were the exception, not the rule. I also saw a restaurant accepting dollars at a rate of 9. Prices in Bariloche seem to be higher than Cordoba, but lower than Buenos Aires.

Vampire over and out.

Rumors are the Government may lift the current Dollar purchase restrictions for individuals and corporations next June.

Creating thus only one dollar market at $ xxxx pesos, perhaps close to the dollar tarjeta. Value.

However limitations may apply.

What will happen to the exchange rate, up or down?

I was passing through Calle Florida today and the best offer I heard was 10.30 p for the dollar. I think I annoyed a few of them when I said No Gracias and just kept walking.

[QUOTE=Santa;438902]Rumors are the Government may lift the current Dollar purchase restrictions for individuals and corporations next June.

Creating thus only one dollar market at $ xxxx pesos, perhaps close to the dollar tarjeta. Value.

However limitations may apply.

What will happen to the exchange rate, up or down?[/QUOTE]Morgan Stanley is forecasting the official peso to be at 9.20 to $1 by the end of 2014 and 11.50 to $1 by the of 2015. I do not know their track record. They also have the premium between the official and parallel rate falling to 17%. The high premium was 43%.

Don't really have a reason to go downtown. Any tips on where I can exchange dollars near the Airport or in Devoto? Thanks a bunch.

Changed on Florida today. Got 10.30. Lots offering 10.10 and a few 10.20.

I shopped the street (Florida) a bit Sunday, talked to at least a half dozen cambios. Almost all were offering 10.1. I was able to get 10.15 at the first magazine shack south of Corrientes. I threw out 10.2 to a few guys, but nobody would go that high. It looks like the gap between the official rate and blue rate is narrowing.

I was surprised by the sheer number of cambios out there now, sometimes pushing a dozen on one block. I bet some of these guys don't get more than a few customers per day. A few were quite attractive women. Sex sells.

Vampire over and out.

[QUOTE=BigBossMan;438908]Morgan Stanley is forecasting the official peso to be at 9.20 to $1 by the end of 2014 and 11.50 to $1 by the of 2015. I do not know their track record. They also have the premium between the official and parallel rate falling to 17%. The high premium was 43%.[/QUOTE]The consensus (median) of the analysts is 10.09 for 12/31/2014 and 12.91 for 12/31/2015. Credit Agricole is the most bullish, forecasting 7.30 pesos / dollar on 12/31/2014 and 8.15 on 12/31/2015. BNP Paribas is the most pessimistic, 12.75 on 12/31/2014 and 16.10 on 12/31/2015.

The forward market (like futures contracts) is priced at 10.03 on 12/31/2014 and 14.72 on 12/31/2015.

This is all for the official rate.

There is also supply and demand, during the school vacations the rate always climbs, Jan., Feb., and July I think it always goes up around 1 peso for the dollar.

[QUOTE=Gandolf50;439006]There is also supply and demand, during the school vacations the rate always climbs, Jan., Feb., and July I think it always goes up around 1 peso for the dollar.[/QUOTE]Lesson learnt. Next year around Jan 30, I will exchange around 20 K for the whole year.

[QUOTE=Gandolf50;439006]There is also supply and demand, during the school vacations the rate always climbs, Jan., Feb., and July I think it always goes up around 1 peso for the dollar.[/QUOTE]During the great Paraguayan exodus demand for dollars spikes a little as well. I'm going to watch it for the rest of the year. If we don't bust past 12 I'm going what 3320 said. Change a bunch for the year in late January, at least 6 months worth anyway.

I changed at 10.30 yesterday on Calle Florida. Most were offering around 10.10.

Just called the agency I use for larger transactions and been told 10.67.

Surprised to see such a relatively steep rise. Will ask what the story is when I get there.

Fairly good rises for the last couple of days apparently.

Checked on Florida on my way home and the first two I asked offered 10.40 off the bat, so I'm guessing 10.50 available fairly easily.

Hi all, I need to buy 1000 USD near Caballito or Recoleta today or on Monday after 13:00 hs.

My rate is 10,60 / 1 USD, operating only in public places such as Mc Donalds, Burguer King or crowded bars.

I am not a cueva!

PD: I am a local but speak some english if you need.

Please PM me if interested.

Vito.

10.30 offered today on Florida, north side of Cordoba. On the east side of Florida is "Edificio Thompson" about a 100 feet north of Cordoba; walk down the stairs and there is a round counter with a gentleman. He'll quote you the day's price. Sometimes one can get a slightly higher price by using one of his touts in front of "Edificio Thompson", and they take you down the stairs to the same counter and man. I've made several transactions and never received a false note. In a pinch, it's convenient.

Hi all,

I need to buy 500 USD I offer a rate of 10,50 / 1.

Operating in hotel lobbys, public places, downtown. Discretion and seriousness.

PM if interested.

Vito.

Do not change more at the EZE ATM machines than you absolutely need to to get to town, or take a private taxi. Last week, I got only 200 p from an ATM to pay for a bus ticket, and after all the fees, received only the equivalent of 6.44 pesos to the dollar.

I had a friend who took a private taxi to a hotel in Micro Centro, where the driver spoke some English. The driver charged $40.00 USD or $400 p--all in. He dropped my friend at the front door of his hotel, and was happy to accept two 20 dollar bills. My friend paid more, but got there faster and was taken to the front door. The blue rate was over 10 to 1 at the time.

Tres3.

[QUOTE=Tres3;439348]Do not change more at the EZE ATM machines than you absolutely need to to get to town, or take a private taxi. Last week, I got only 200 p from an ATM to pay for a bus ticket, and after all the fees, received only the equivalent of 6.44 pesos to the dollar.

I had a friend who took a private taxi to a hotel in Micro Centro, where the driver spoke some English. The driver charged $40.00 USD or $400 p--all in. He dropped my friend at the front door of his hotel, and was happy to accept two 20 dollar bills. My friend paid more, but got there faster and was taken to the front door. The blue rate was over 10 to 1 at the time.

Tres3.[/QUOTE]That's a good way to tip a taxi driver from the airport. I took Taxi Ezeiza for about $330 or $33.00. The last time I saved about $1000.00 AR knowing I would be back just to get me into the country.

[QUOTE=Godfather3;439264]Hi all,

I need to buy 500 USD I offer a rate of 10,50 / 1.

Operating in hotel lobbys, public places, downtown. Discretion and seriousness.

PM if interested.

Vito.[/QUOTE]Can you meet at Starbucks next to Intercontinental hotel? I have $150 I want to exchange today.

Hi all,

I need to buy 2000 USD these days.

I can deliver the pesos to your hotel lobby, bar or public place of your preference.

As long as it is near retiro, downtown, recoleta, barrio norte.

Discretion and seriousness guaranteed. PM me if interested.

Pleasantly surprised. I was expecting more in the 10.30 range. I went to the local place without shopping. Historically rates are higher in the Microcenter.

[QUOTE=BigBossMan;439450]Pleasantly surprised. I was expecting more in the 10.30 range. I went to the local place without shopping. Historically rates are higher in the Microcenter.[/QUOTE]Yep, 11.05 available in Microcentro yesterday!

I need to sell some USD in Recoleta, any recommendations?

They were opening with 10.90 on Florida today. I settled on 11.10.

I received 11.20 from a place Daddy Rulz showed me last November. I did not shop around but went directly there. Trying to negotiate in English on busy street strikes me as being slightly foolish but it just may be my own paranoia talking and nothing real or worth worrying about. Definitely worth the trip to Microcenter to make an exchange though as I only received 10.55 in Recoleta last Friday.

From BA Herald:
[URL]http://www.buenosairesherald.com/article/159893/blue-dollar-soars-to-1170-pesos[/URL]

11.35 at:
[URL]http://dolarblue.net/[/URL]

I don't know what happened, but the Peso has lost a lot against the US $ the past few days.

Had a 11:50 from a driver today, right off the bat, no relation no history, first quote.. So the 'real' level is assumed much higher. Go for twelve!

[QUOTE=FunPete;439516]From BA Herald:
[URL]http://www.buenosairesherald.com/article/159893/blue-dollar-soars-to-1170-pesos[/URL]

11.35 at:
[URL]http://dolarblue.net/[/URL]

I don't know what happened, but the Peso has lost a lot against the US $ the past few days.[/QUOTE].

I could have predicted the huge hike two days ago!

It was bound to happen, because as soon as it got over 11 I decided to change a huge wad. Sod's Law then kicks in, every time!

[QUOTE=DavieW;439525]I could have predicted the huge hike two days ago!

It was bound to happen, because as soon as it got over 11 I decided to change a huge wad. Sod's Law then kicks in, every time![/QUOTE]It happens every year around this time, we have discussed this before. Winter Vacations coming up!

Today Monday 5/26 around noon, I exchanged $500 at 11.20 on Florida near Sarmiento. We went into an old building and walked into an office with a bank-like teller where the actual exchange took place.

For an under the radar place, there is currency exchange in one of the shops in the back of the galleria. It is the galleria with the Extasy Sex shop. Ask the woman in the handbag store. She speaks English. They were offering 11.15 today which seems to be a competitive rate. Because of its prime location it just might save someone time one day.

Dear All.

I need to buy 1000 USD, offering a rate of 11,40 around Recoleta (bars, public places, bank zone).

PM if interested.

[QUOTE=BigBossMan;439586]They were offering 11.15 today which seems to be a competitive rate.[/QUOTE]

Not really - 11.55 available in Microcentro today.

Just saying...

[QUOTE=DavieW;439591]Not really - 11.55 available in Microcentro today.

Just saying...[/QUOTE]I was responding to the posted 11.2. I did not exchange. I am happy to be wrong. Offered the information for convenience purposes.

11.65 this afternoon in Microcentro.

Someone asked me this question:

Did you approach one of the street guys or was this an exchange house. Sorry. First time in buenos aires. Thanks.

I talked to several street guys / girls until I felt comfy with one of them. There is one every 2 meters or so yelling "cambio, cambio......".

Good luck!

[QUOTE=FunPete;439585]Today Monday 5/26 around noon, I exchanged $500 at 11.20 on Florida near Sarmiento. We went into an old building and walked into an office with a bank-like teller where the actual exchange took place.[/QUOTE]

[QUOTE=FunPete;439607]
I talked to several street guys / girls until I felt comfy with one of them. There is one every 2 meters or so yelling "cambio, cambio......".

Good luck![/QUOTE]From my point of view, I would NOT approach those arbolitos on Florida or Lavalle. That's because I do NOT want to make a big announcement to the crowd that I've got dollars in my pocket. If I wanted to change my dollars, I would walk straight into one of the cuevas.

What's the effect down there? If any?

[QUOTE=MiamiBob;439626]What's the effect down there? If any?[/QUOTE]Can you give us a link or more details? The local news is silent in this regard. The exchange rate has been going up the last 10 days.

Tres3.