When I asked about people to exchange with...I meant is it possible to find just regular people, not money changers, who want your dollars. Ie business people, private stores, etc.?
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When I asked about people to exchange with...I meant is it possible to find just regular people, not money changers, who want your dollars. Ie business people, private stores, etc.?
[QUOTE=PirateMorgan;442084]When I asked about people to exchange with. I meant is it possible to find just regular people, not money changers, who want your dollars. Ie business people, private stores, etc.?[/QUOTE]And why would you do that? You start asking around about that and they are going to think you are a nark working for AFIP.
And why would you do that? You start asking around about that and they are going to think you are a nark working for AFIP.
Well, they don't call you Dickhead for nothing.
[QUOTE=HotRod11;442083]Like all of you I bring cash and exchange it on Florida street. Over the last several years I can't remember how many times I have done this with no problem. At a flower stand on Florida st with a very large man, OK big fat guy, about ten days ago I exchanged four hundred dollars and one of the one hundred peso bills was a fake. I have been back several times to confront him but he hasn't been three. I will keep you posted.[/QUOTE]Out of about 60 bills you Only received 1 Fake .
That's very good .
The guy that exchanged the money for you may not remember you and even if he does he may not do anything about it .
He might but he will probably tell you that you should have checked All of your bills before you left .
Checking 60 $100 Peso bills in front of 1000's of people is not much fun either .
If you realize that it's Only about $6.50 then it's No big deal .
It happens every once in a while .
Keep the bill so you can recognize Fakes in the future .
Cheap Lesson .
TL.
Hey, if you don't want to listen to someone who lived there for years and saw the paranoia first hand (see my reports from Mendoza from June 2012) when trying to use dollars, then don't listen. I'd rather be a dickhead than a fool.
[QUOTE=PirateMorgan;442084]When I asked about people to exchange with...I meant is it possible to find just regular people, not money changers, who want your dollars. Ie business people, private stores, etc.?????[/QUOTE]I would just wonder why you would bother. Why try and find somebody to get near the blue rate when you can just go to the cambio and get the blue rate. You can do private deals and get a little more (splitting the buy and sell) but that's generally maybe 2% if you're lucky and you have to chase them down, make arrangements, or you can just stick some dollars in your pocket and go to the cambio.
Now if you're talking about doing it in Cordoba then maybe. Changing dollars outside of BsAs can be difficult. Unless they have some wealth most people don't want dollars because they aren't as liquid there as they are here. I can't speak for Cordoba as I've never tried to change there, these comments are based on my experiences in Corrientes.
[QUOTE=TejanoLibre;442089]Out of about 60 bills you Only received 1 Fake .
That's very good .
The guy that exchanged the money for you may not remember you and even if he does he may not do anything about it .
He might but he will probably tell you that you should have checked All of your bills before you left .
Checking 60 $100 Peso bills in front of 1000's of people is not much fun either .
If you realize that it's Only about $6.50 then it's No big deal .
It happens every once in a while .
Keep the bill so you can recognize Fakes in the future .
Cheap Lesson .
TL.[/QUOTE]Just pass it on to some one else. Thats what I usually do.
[QUOTE=DaddyRulz;442093]I would just wonder why you would bother. Why try and find somebody to get near the blue rate when you can just go to the cambio and get the blue rate. You can do private deals and get a little more (splitting the buy and sell) but that's generally maybe 2% if you're lucky and you have to chase them down, make arrangements, or you can just stick some dollars in your pocket and go to the cambio.
Now if you're talking about doing it in Cordoba then maybe. Changing dollars outside of BsAs can be difficult. Unless they have some wealth most people don't want dollars because they aren't as liquid there as they are here. I can't speak for Cordoba as I've never tried to change there, these comments are based on my experiences in Corrientes.[/QUOTE]This is really what I wanted to know about, which is what is the demand for dollars away from exchange houses and street changers. Are people of means always 'hungry' to get there hands on dollars? I am not trying to pimp the conversion rates, just trying to get a sense of the reality of the markets.
Thank you Daddy Rulz.
Oh no! No Xoom in Cordoba!
Next!
No Xoom, but looks like RIA to the rescue.
My regular cueva is taking a siesta as AFIP have been nosy lately.
Found a new place today, thanks to a tip from the guy who cut my hair.
It's in a Galeria one block from the Alvear Palace Hotel, in a faux dress shop, really a full time cambio. The lady exchanges over the table, feels nice, private and safe. Local clientele.
I received 13.30. I wasn't too impressed at the time until I got home and saw the blue had tumbled 40c to 13.50 on [URL]http://www.dolarblue.net[/URL].
That's the low point for the dollar these last two months.
For those who like statistics the Peso ARS is the best performing currency against the US dollar since September 1st., currently appreciating at an annual rate of 131%! LOL.
PM me for location etc.
First day here and I was dismayed to receive 12.45 P at a very reliable previously posted spot. I was going to exchange more but cut it in half. [URL]Dolarblue.net[/URL] is 13.20 as I write 4 hours later.
I received 13.40 P today. I was just unlucky to arrive on a day when there was a momentary blip downward.
Greetings,
I will be in BA on Tuesday and I have been there over 15 times over the years, but the currency exchange thing is throwing me a bit. I see various down the alley near the galleria type posts so I was just wondering if anybody had a genuine specific way of transacting some dollars during my two week stay. I know the Florida Street hawker thing so the the last thing I want to get into is a unsafe transaction. I used to be an American Express trader but I think it's like 8 or 9.
Any genuine helpful tips would be most appreciated. Just looking for no drama.
I will be close to Microcenter.
Thanks in advance.
Also I have read many cell phone tips, but can I buy a reasonable price cell phone just for my two week stay and where? I use an international calling card for .10 cent per minute but some of the contacts won't take a non listed number call.
I know this has all been said before but some tip with the latest information would be helpful.
Got 12.60 for the dollar on a Saturday at Florida street.
I must have talked to 15 different people before I found an "arbolito" that seemed reliable but no one would go for more than 12.60.
I hope to have better rates later on the week.
[QUOTE=MasterJ;442367]Greetings,
Also I have read many cell phone tips, but can I buy a reasonable price cell phone just for my two week stay and where? I use an international calling card for .10 cent per minute but some of the contacts won't take a non listed number call.
I know this has all been said before but some tip with the latest information would be helpful.[/QUOTE]Hi Master, if it helps, I can lent u one of my Blackberrys 9320, liberated 4 all companies here for your stay.
After your stay, just deposit it at the kiosko of a friend in Florida-Street or in friendīs restos in San Thelmo.
Will cost you a cheap wine, if you like wine.
If u are AA or aqualung, you con have it 4 free.
Enjoy your time here.
Greetings,
What a most generous offer. I will take you up on it if that is ok? I will gladly buy lunch, or a bottle of something for you or any thing you request. It takes load off my mind. I will be arriving on Tuesday afternoon in Puerto Madero and it doesn't have be he exact arrival moment. Please let me know how I can contact you. I am older and responsible so you can be assured of me taking care of my end.Thank you again so much and I look forward to hearing from you.
Master J.
[QUOTE=MasterJ;442379]Greetings,
What a most generous offer. I will take you up on it if that is ok? I will gladly buy lunch, or a bottle of something for you or any thing you request. It takes load off my mind. I will be arriving on Tuesday afternoon in Puerto Madero and it doesn't have be he exact arrival moment. Please let me know how I can contact you. I am older and responsible so you can be assured of me taking care of my end.Thank you again so much and I look forward to hearing from you.
Master J.[/QUOTE]I could be at a small but honest bar in microcentro tuesday at 17.00hs. As since years TL knows me as good friend, he knows where I usually stay at that time. On Cordoba Ave but NOT Cafe O.
Donīt worry, as I live here since 2002...here are never problems, just solucions.
Have a good incoming!
[QUOTE=Spassmusssein;442380]I could be at a small but honest bar in microcentro tuesday at 17.00hs. As since years TL knows me as good friend, he knows where I usually stay at that time. On Cordoba Ave but NOT Cafe O.
Dont worry, as I live here since 2002...here are never problems, just solucions.
Have a good incoming![/QUOTE]Great,
I will check in with you when I am settled and pm or post in to get exact locations. Thanks you again we will be in touch.
[QUOTE=TejanoLibre;442089]Out of about 60 bills you Only received 1 Fake .
That's very good .
The guy that exchanged the money for you may not remember you and even if he does he may not do anything about it .
He might but he will probably tell you that you should have checked All of your bills before you left .
Checking 60 $100 Peso bills in front of 1000's of people is not much fun either .
If you realize that it's Only about $6.50 then it's No big deal .
It happens every once in a while .
Keep the bill so you can recognize Fakes in the future .
Cheap Lesson .
TL.[/QUOTE]I would approach the money changer with the fake bill. Be congenial and non-confrontational. His reaction will be the more valuable learning experience. If he responds acceptably, then you learn he is worth doing further business. Otherwise, use another money changer in the future, and this lesson cost you very little. Given the numerous money changers, and thus competition, you should seek out a reliable counterparty.
Changed a few hundred Saturday on Lavalle, got 12.5 (negotiated up from 12.3).
Changed a small amount Sunday on Lavalle, got 12.8 (negotiated up from 12.6).
Changed a larger amount today Monday at another place, got 12.9. Did not negotiate here, didnt seem like it was possible. This rate was for $100 bills, they only offered 12.4 for $20 bills. Later this afternoon I got quotes of 12.8 and 13 on Lavalle.
Didn't break 13 yet, but still pleased since I was getting 9.5 a year ago.
$12.80 today at the Cervino and Scalabrini Ortiz cueva. Early afternoon and was offered $12.50 a 1/2 hour earlier on Arenales. A lot of volatility lately.
[QUOTE=Doggboy;442419]$12.80 today at the Cervino and Scalabrini Ortiz cueva. Early afternoon and was offered $12.50 a 1/2 hour earlier on Arenales. A lot of volatility lately.[/QUOTE]
Doggboy - you're back in BsAs?! I must have missed the memo!
Commiserations. ;-)
[QUOTE=DavieW;442421]Doggboy - you're back in BsAs?! I must have missed the memo!
Commiserations. ;-)[/QUOTE]Can't stay away !
[URL]http://www.argentinaindependent.com/currentaffairs/analysis/inside-argentinas-blue-dollar-market/[/URL]
[QUOTE=Doggboy;442453][URL]http://www.argentinaindependent.com/currentaffairs/analysis/inside-argentinas-blue-dollar-market/[/URL][/QUOTE]Thanks Dogg for this positively fantastic article on the mysteries of the Blue Dollar !
Mt thoughts are the rate will increase as we get closer to the holiday season and.
The Argie vacation time . Fifteen P to a buck is in the offing.
Can you hold out ?????
Jackpot.
I will add my thanks. That was very ingenious about using the relative stock prices in the two markets as a proxy for the exchange rate. It's a similar concept to "purchasing power parity" but a lot simpler to implement.
I just got 13.2....I got 15.5 back in September and loaded up, but went through them pretty quickly this trip - and I have yet to pull a chica! I think I'll have to head out to Mia's tonight and rectify that situation.
Ok, getting ready for my first BA trip. I will be staying at king hotel I think it's on corrientes. Any advice how I can find a place to exchange some cash at best rate?
[QUOTE=Joeydude;442823]Ok, getting ready for my first BA trip. I will be staying at king hotel I think it's on corrientes. Any advice how I can find a place to exchange some cash at best rate?[/QUOTE]Come out hotel, turn left, go to corner, cross Corrientes, turn left, go to middle of the block, there is a Gallaria that cuts all the way through to Lavalle that has a sex shop as one of the first places. Enter, walk almost to Lavalle (down steps, past LED TV wall mount store, past old stereo store) you will see a leather shop on the left, right there. Don't bring 20's.
AccReceived 12.6 today, downtown BA.
The guy who changes my money, I've used for several years, said if I need more dollars he can provide them, here's how: He sets up an account in his name in some part of the world, I wire the funds from my acct in the US to his acct, and then he takes a commission and provides me with US Dollars. The commission is $150 minimum or 7% of the total. So if I send $2,000 US Dollars to his account I will get $1,850 dollars. Is this the best way to get US Dollars in this country from my USA bank account?
[QUOTE=Cheerfull;442884]AccReceived 12.6 today, downtown BA.
The guy who changes my money, I've used for several years, said if I need more dollars he can provide them, here's how: He sets up an account in his name in some part of the world, I wire the funds from my acct in the US to his acct, and then he takes a commission and provides me with US Dollars. The commission is $150 minimum or 7% of the total. So if I send $2,000 US Dollars to his account I will get $1,850 dollars. Is this the best way to get US Dollars in this country from my USA bank account?[/QUOTE]That would work just fine but.
I prefer my deal.
6% of the total with a $100.00 dollar minimum.
$30,000.00 Dollars per day Maximum. (although 1 million USD can be moved with a little notice.)
I know it's only 1% and or a $50.00 dollar difference but that could be substantial at some point.
On another note:
Got 13 to 1 yesterday and a Drink at the same place.
Something called a "Bloody Shame!".
That would be a Bloody Mary without the Vodka.
The above info should allow most of you to figure out where to get a decent rate.
Especially on a Holiday!
TL.
[QUOTE=Cheerfull;442884]AccReceived 12.6 today, downtown BA.
The guy who changes my money, I've used for several years, said if I need more dollars he can provide them, here's how: He sets up an account in his name in some part of the world, I wire the funds from my acct in the US to his acct, and then he takes a commission and provides me with US Dollars. The commission is $150 minimum or 7% of the total. So if I send $2,000 US Dollars to his account I will get $1,850 dollars. Is this the best way to get US Dollars in this country from my USA bank account?[/QUOTE]Of course, you would never do this deal for less than $2142.86.
All the pages that track the blue dollar are showing up today.
Looking to be back to 14 by the first week of January.
[QUOTE=DaddyRulz;443118]All the pages that track the blue dollar are showing up today.
Looking to be back to 14 by the first week of January.[/QUOTE]I agree. Whats your prediction for the peak value in the peak holiday period?
[QUOTE=Member#3320;443120]I agree. Whats your prediction for the peak value in the peak holiday period?[/QUOTE]I'm looking for 16.5 by the February 7th but I think I'm overly optimistic. (It would be nice though) Then a slide back to around 14.5 by middle of March.
Part of me wonders if this recent slide wasn't caused by cuevas colluding to hold the price down to stock up on low cost dollars before the selling spree for vacations. Maybe the ministers applying pressure to be able to buy cheap dollars so they could turn around and sell them in January. They can manipulate that market because they can send out the goon squads because it's illegal. "You saw what happened to Guido over on Reconquista, if you don't want a knock on your door keep it below 13 for the next couple months." That is only imagination on my part though, the oil crash could have had a lot more to do with it.
[QUOTE=DaddyRulz;443127]I'm looking for 16.5 by the February 7th but I think I'm overly optimistic. (It would be nice though) Then a slide back to around 14.5 by middle of March.
Part of me wonders if this recent slide wasn't caused by cuevas colluding to hold the price down to stock up on low cost dollars before the selling spree for vacations. Maybe the ministers applying pressure to be able to buy cheap dollars so they could turn around and sell them in January. They can manipulate that market because they can send out the goon squads because it's illegal. "You saw what happened to Guido over on Reconquista, if you don't want a knock on your door keep it below 13 for the next couple months." That is only imagination on my part though, the oil crash could have had a lot more to do with it.[/QUOTE]I agree with what you are saying. I am predicting 1 USD=17 pesos somewhere between last week Jan and first week Feb. Secondly the best value for USD for first 7-8 months of the year will be in this period (last week Jan. / first week Feb.). I am planning to change enough USD in this period for my expenses of next 5-7 months.
[QUOTE=Member#3320;443139]I agree with what you are saying. I am predicting 1 USD=17 pesos somewhere between last week Jan and first week Feb. Secondly the best value for USD for first 7-8 months of the year will be in this period (last week Jan. / first week Feb.). I am planning to change enough USD in this period for my expenses of next 5-7 months.[/QUOTE]LOL! If it hits 17 I will gladly buy you dinner! One can always hope!
[QUOTE=Member#3320;443139] I am planning to change enough USD in this period for my expenses of next 5-7 months.[/QUOTE]That does not make financial sense. I'd rather hold good hard money than shit soft money.
[QUOTE=Riina;443160]That does not make financial sense. I'd rather hold good hard money than shit soft money.[/QUOTE]It would have made sense last year.
Generally speaking it's better to hold dollars than pesos but last year there was an exception. Around the end of January the peso hit 13 or so, then about a week later it slid to right around 10 and it didn't get back to 13 until August so if you hedged some in February you were ahead of the game for 6 months.
[URL]http://soberlook.com/2014/08/argentinas-blue-dollar-market-hits-60.html[/URL]
I don't know if it will be that much for that long this year but if it goes as normal it probably will for two or three months. In January and the beginning of February there's a big demand for actual physical dollars because of people going out of the country on vacation which usually results in a pretty big spike in the exchange rate.
Here is another one showing the same effect, though smaller, in 2013.
[URL]http://1.bp.blogspot.com/-NYZDDKJFAvc/UXVeYVyj-eI/AAAAAAAAVVM/MpzGJJZtmwY/s1600/arg_dolar_blue_2013.gif[/URL]
Last year they had a program where people were supposed to be able to buy dollars if you were going on vacation but they just turned most people down that applied. This year though my friends that work in white have been able to actually buy those dollars (one friend could get about 200 a month) at the official rate so I don't know if that same demand will be there but considering the general lack of planning one sees here I'm assuming there will be some effect though how great is anybody's guess.