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[QUOTE=Tres3;439628]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.[/QUOTE][URL]http://www.reuters.com/article/2014/05/29/us-argentina-debt-parisclub-idUSKBN0E90JI20140529[/URL]
Today I walked down Florida and walked into one of the cambio places where you walk down the stairs, I just remembered it from the past (near Mitre). It is actually a place for phone calls, but there is a little window in the back someome sitting and exchanging money. Also just opposite of it is another cambio place with 2 windows.
Anyway, I go 11.55 P for $500. I didn't bother negotiating, literally spent 5 miniutes or so on Florida, did my exchange and back to Palermo where I live.
Saludos!!
[QUOTE=MisterTea;439629][URL]http://www.reuters.com/article/2014/05/29/us-argentina-debt-parisclub-idUSKBN0E90JI20140529[/URL][/QUOTE]Argentina reached a deal with the Paris Club for the repayment of 9.5 bln of debt in installments. Argentina defaulted on over 100 bln of debt. The agreement covers less than 10 pct of the defaulted debt. It has no effect on the USA court case. The ho-hum reaction of the treasury market today was a change of less than 7 basis points.
Tres3.
[QUOTE=Tres3;439634]Argentina reached a deal with the Paris Club for the repayment of 9.5 bln of debt in installments. Argentina defaulted on over 100 bln of debt. The agreement covers less than 10 pct of the defaulted debt. It has no effect on the USA court case. The ho-hum reaction of the treasury market today was a change of less than 7 basis points.
Tres3.[/QUOTE]You will also notice that each time they "restructure" a debt the first payment is at least a year or more in the future. In some cases after Cristina will be gone. They seem to think that if they "restructure" the debt so that it is not over due, that they are then "debt free" and will be able to borrow more money! Argentine Pretzel Logic at its finest!
What's the latest rate on Florida?
[QUOTE=Kurty;439763]What's the latest rate on Florida?[/QUOTE]Not been down there for a while, but using the quoted rates on [URL]ambito.com[/URL] as a guide and applying the standard formula as worked out by Jackson on numerous occasions, probably 11.30 - 11.40.
I recently returned home from a quiet and relaxing month in BA. I planned to arrive in the USA with only a small amount of pesos, but when I unpacked my suitcase I discovered that I had hidden about $200.00 USD from myself. If you are going to BA, soon and want to get a head start on the cambio of a couple of hundred dollars at a fair exchange rate, send me a PM for the details. I will mail you the pesos (all 100's), and you can mail me the USD.
Tres3.
I am new to AP, but will npw be making some comments. Been here a few days best exchange I can get is 11.5 for dollar. The best place I found is on Lavelle near Florida. Go down some stairs, there is a sex shop and tatoo parlor at bottom make right and first door on right is little room where people sit and excahnge money.
Just got 11.8 on Florida and Lavelle.
Last week when it was 11.5, I talked go some Argies who were buying dollars. They said they were paying 11.75. I have noticed some restaurants with signs in window saying dollar is 12 to 1.
I recommend to check [URL]dolarblue.net[/URL] and try to get the Dolar Blue "Compra" price for your USD. At this moment, it shows a 12.05 pesos per dollar rate, but the price below (11.90 at this moment) is the lowest price you should get from those yelling "cambio, cambio" all along Florida Street, for instance.
In that scenario, you should consider that you can ask for a round 12 for your 50 and 100 bills, that are the best payed for, and 11.90 for your twenties, tenners and so on.
I hope this helps.
Cheers!
F!
I just got 12, went to my favorite, asked the rate today he said 12. No hassle, no haggling.
[QUOTE=Omegaman;439979]I just got 12, went to my favorite, asked the rate today he said 12. No hassle, no haggling.[/QUOTE]Anyway, check it out, as the "arbolitos" in the street were offering that rate, and you know you can get 12.15 to 12.20, but it is your money!
Enjoy!
F!
I go away for a couple weeks and nobody keeps this thread updated? Tsk!
Disappointed that I could only get 12.00 yesterday, having seen the rates according to ambito.com at 12.50 last week.
Looks like it's still dropping too. :-(
Greetings Everyone,
Today at approximately 4 pm a friend of mine exchanged $1,000 USD for pesos.
Just before he left to exchange his cash, the popular local exchange rate websites were reporting the following Blue Dollar exchange rates:
[url=http://www.lanacion.com.ar/dolar-hoy-t1369]La Nacion[/url] "Dolar Blue Venta" = [B][size=+1]11.85[/size][/B]
[url=http://www.ambito.com/economia/mercados/monedas/dolar/]Ambito.com[/url] "Informal Venta" = [B][size=+1]11.85[/size][/B]
[url=http://www.infobae.com]Infobae.com/[/url] "Dolar Libre" = [B][size=+1]12.05[/size][/B]
[url=http://dolarblue.net/]DolarBlue.net[/url] "Deep Blue Venta" = [B][size=+1]11.60[/size][/B]
[url=http://www.dolaraldia.com/]DolarAlDia.com[/url] "Dolar Blue Informado" = [B][size=+1]12.05[/size][/B]
----------------------------------------------------------
Average Published Rate = [B][size=+1]11.88[/size][/B]
Rate Actually Received = [B][size=+1]11.80[/size][/B]
Discount from Average Rate = [B][size=+1]-0.67%[/size][/B] (x .9932)
You're welcome.
Jackson
=========================================
I received 12 pesos to one today in Moreno.
Got 12.10 yesterday, changing USD2000 in Microcentro, downstairs in the first block of Florida in the cell-phone accessories shop.
Had been offered 12.15 in my usual place but didn't have time to go there.
Anybody understand why the spread between Xoom exchange rate and Dolar Blue has widened over the past month and a half? Currently I can get 9. 6075 P from Xoom and you guys are reporting 12.00 P plus or minus at the Arbitos. In early June I received 10.31 P from Xoom when we were exchanging for 11.5 P on the street.
[QUOTE=BigBossMan;440592]Anybody understand why the spread between Xoom exchange rate and Dolar Blue has widened over the past month and a half? Currently I can get 9. 6075 P from Xoom and you guys are reporting 12.00 P plus or minus at the Arbitos. In early June I received 10.31 P from Xoom when we were exchanging for 11.5 P on the street.[/QUOTE]Zoom uses the "Contado con Liquidacion" rate which has nothing to do with the "Blue" rate available at cuevas.
I just received 12.4 from my guy on Florida 360. I don't know how this stands up to other locations but seems in line with the quoted rates. Of course this being Friday did not hurt.
I am coming to BA soon and need to bring lots of cash to pay for a tour I have booked, and for food and entertainment.
I come from Euro-land, and could bring cash US dollars, but buying US cash in my bank would cost me a 5-7% loss. Thus: Are Euro notes as readily accepted at the blue rate cambios as are US dollar notes? If not are the disadvantage of Euros 5%?
Best wishes to you all.
ThomasGermany.
[QUOTE=ThomasGermany;440637]I am coming to BA soon and need to bring lots of cash to pay for a tour I have booked, and for food and entertainment.
I come from Euro-land, and could bring cash US dollars, but buying US cash in my bank would cost me a 5-7% loss. Thus: Are Euro notes as readily accepted at the blue rate cambios as are US dollar notes? If not are the disadvantage of Euros 5%?
Best wishes to you all.
ThomasGermany.[/QUOTE]I have found the dollar to be marginally better, but if you are taking a loss at buying the dollars you are better off sticking with your Euros.
Argh! Bloody typical. I've got an over-abundance of pesos for my last 3 weeks in the country and the rate has hit 13!
[QUOTE=ThomasGermany;440637]I am coming to BA soon and need to bring lots of cash to pay for a tour I have booked, and for food and entertainment.
I come from Euro-land, and could bring cash US dollars, but buying US cash in my bank would cost me a 5-7% loss. Thus: Are Euro notes as readily accepted at the blue rate cambios as are US dollar notes? If not are the disadvantage of Euros 5%?
Best wishes to you all.
ThomasGermany.[/QUOTE]
[QUOTE=Gandolf50;440638]I have found the dollar to be marginally better, but if you are taking a loss at buying the dollars you are better off sticking with your Euros.[/QUOTE]No question at all, hang on to your Euros if you're going to lose 5-7% changing them to dollars.
[QUOTE=DavieW;440639]Argh! Bloody typical. I've got an over-abundance of pesos for my last 3 weeks in the country and the rate has hit 13![/QUOTE]Maybe you and ThomasGermany should talk.
Anyone have any idea if the usual places are exchanging dollars today and if so what the rate is since the default?
Found this posted as of today:
http://dolarblue.net/
Xoom is back over 10 today. Specifically 10.0035 P to $1. It has been awhile.
I need to buy 2000 USD. I pay 12,70/1 USD in Galerias Pacifico. PM if interested.
Ha, ha! I'll be needing to buy USD shortly and I can guarantee I'll be offering at least 20c more than this Godfather chancer!
I will be in BA on the 28th. PM me if you need to exchange to USD.
Thanks.
[URL]Dolarblue.net[/URL] quoting 13.3 pesos to the $1. [URL]Xoom.com[/URL] finally surpasses June 6th price at 10.775 P compared to 10.31 P to the dollar. It ran under 10 for two months.
There is a Private Exchange Operation here in Mendoza that will accept a check from an American bank and cash it in Dollars or Pesos.
You hand them a personal check and they hand you the cash.
It can be a combination of dollars and pesos.
Better than a Xoom rate and less than a Blue Rate.
No minimum or max I think.
They are here to serve the American community.
Going to see if they have a partner in BA.
Ultra tired of Xoom's Bullshit!
Monthly Bullshit!
Proof of income, personal bank statements!
2 to 3 days to receive my own fucking money!
Fuck You Christina!
TL.
Reasonable Surcharge!
$50.00 dollars.
11.1175 P on August 14 compared to 10.775 on August 13,2014.
Greetings Everyone,
Today at approximately 6 pm a friend of mine exchanged $1,000 USD for pesos.
Just before he left to exchange his cash, the popular local exchange rate websites were reporting the following Blue Dollar exchange rates:
[url=http://www.lanacion.com.ar/dolar-hoy-t1369]La Nacion[/url] "Dolar Blue Compra" = [B][size=+1]13.15[/size][/B]
[url=http://www.ambito.com/economia/mercados/monedas/dolar/]Ambito.com[/url] "Informal Compra" = [B][size=+1]13.10[/size][/B]
[url=http://www.infobae.com]Infobae.com[/url] "Dolar Libre" = [B][size=+1]13.22[/size][/B]
[url=http://dolarblue.net/]DolarBlue.net[/url] "Deep Blue Venta" = [B][size=+1]13.30[/size][/B]
[url=http://www.dolaraldia.com/]DolarAlDia.com[/url] "Dólar BLUE o Dólar Paralelo" = [B][size=+1]13.22[/size][/B]
----------------------------------------------------------
Average Published Rate = [B][size=+1]13.198[/size][/B]
Rate Actually Received = [B][size=+1]13.05[/size][/B]
Discount from Average Rate = [B][size=+1]-1.12%[/size][/B] (x .9888)
You're welcome.
Jackson
When I left the house dollar blue said the rate was 13.94. When I got down town they were all offering 13.60 and 13.70 on Calle Florida and I thought I was sharp because I was able to get 13.80. But when I got home I see it went up to 14.20. I guess I was not as sharp as I thought I was.
[QUOTE=Gandolf50;441042]When I left the house dollar blue said the rate was 13.94. When I got down town they were all offering 13.60 and 13.70 on Calle Florida and I thought I was sharp because I was able to get 13.80. But when I got home I see it went up to 14.20. I guess I was not as sharp as I thought I was.[/QUOTE]If an exchange website shows 14.1 bid and 14.2 offer, what's the bid offer spread in a cueva?
[QUOTE=Riina;441044]If an exchange website shows 14.1 bid and 14.2 offer, what's the bid offer spread in a cueva?[/QUOTE]
Hey Riina,
I don't think I could have answered your question any more accuractly than with the field research I posted JUST TWO POSTS BELOW YOUR QUESTION.
You're welcome.
Jax
[QUOTE=Jackson;440881]Greetings Everyone,
Today at approximately 6 pm a friend of mine exchanged $1,000 USD for pesos.
Just before he left to exchange his cash, the popular local exchange rate websites were reporting the following Blue Dollar exchange rates:
[url=http://www.lanacion.com.ar/dolar-hoy-t1369]La Nacion[/url] "Dolar Blue Compra" = [B][size=+1]13.15[/size][/B]
[url=http://www.ambito.com/economia/mercados/monedas/dolar/]Ambito.com[/url] "Informal Compra" = [B][size=+1]13.10[/size][/B]
[url=http://www.infobae.com]Infobae.com[/url] "Dolar Libre" = [B][size=+1]13.22[/size][/B]
[url=http://dolarblue.net/]DolarBlue.net[/url] "Deep Blue Venta" = [B][size=+1]13.30[/size][/B]
[url=http://www.dolaraldia.com/]DolarAlDia.com[/url] "Dlar BLUE o Dlar Paralelo" = [B][size=+1]13.22[/size][/B]
----------------------------------------------------------
Average Published Rate = [B][size=+1]13.198[/size][/B]
Rate Actually Received = [B][size=+1]13.05[/size][/B]
Discount from Average Rate = [B][size=+1]-1.12%[/size][/B] (x .9888)
You're welcome.
Jackson[/QUOTE]
[QUOTE=Jackson;441050]Hey Riina,
I don't think I could have answered your question any more accuractly than with the field research I posted JUST TWO POSTS BELOW YOUR QUESTION.
You're welcome.
Jax[/QUOTE]Sorry, I just learned two Spanish words. Compra and venta.
I have always considered ISG the best source of information about what is happening 'on the ground'. As reported by members. To those of you in Argentina please keep us up on the what is happening 'on the ground'. It seems that another sizeable change in the exchange rates is in progress and I wonder how it is affecting everyday life of expats and local people. It is like watching history happening in front of our eyes. Thanks to all ISG'ers.
I Screwed up and didn't bring enough dollars with me.
My best option was to access my bank account back home through [URL]xoom.com[/URL].
5953 pesos for $500 US+ $24.50 fee.
Net rate 11.5 pesos / dollar.
Not as good as the blue market, but, it served me well in a pinch.
Picked up the pesos on Libertad near Santa Fe.
Yeah, yeah, a lot of you guys go to the Junin Coin Shop near Newport.
A Block away.
My stupid ass, following stupid recommendations on this board sent us to the FAKE COIN SHOP ON JUNIN! YOU KNOW IT AND LOVE IT!
PAID ME 13 TO 1 !
Just PURE LAZYNESS on TL's PART!
Went to Alejandro where I have been telling everybody where to go and he laid down 13.70 !
Paid 14 to 1 yesterday!
No problems!
So the assholes that think that the coin shop pays better are Morons!
It' s VERY probable that the cocksuckers at the coin shop don't know me and don't know what I can do for them, very probable.
If its a few dollars no big deal but the assholes at the coin shop cost us 700 pesos! A nice girl!
So we changed 1000 at 13 and a 1000 at 13.70 so we ended up at 13.35 .
Better than a stick in the ass!
And TL did not make a fucking penny!
Have Fun,
TL
I got 14 at the luggage store.