Exchanging Currency

[QUOTE=DavieW; 428102]Wow! That's a lot of detail.

Here's the detail of how I get my cash into Argentina:

Level 1. I have my USD transferred into the agency's foreign account.[/QUOTE]Where to find this agency?

I did a transfer of close to $3, 000 USD a few months ago.

I had to submit some paperwork to Xoom, but in the end it all went through, and I assume I won't have to jump through those hoops next time around.

[QUOTE=DavieW; 428102]Wow! That's a lot of detail.

Here's the detail of how I get my cash into Argentina:

Level 1. I have my USD transferred into the agency's foreign account. The next day I go and pick up the USD in their office in Microcentro, minus their commission.

Level 2. Erm. See Level 1.[/QUOTE]Almost certainly the better route. For sure more efficient. But no matter how small the chance, bit more risky.

Long as you have even reasonable bank and / or status with bank, Xoom is a zero risk option.

Xfer to cueva account to be paid out in pesos here is if through trusted referral and source very low risk from what I hear. But very low vs zero are the choices every individual will make. I will eventually do a cueva xfer. For now though I use Xoom. If anyone else makes that same choice I assume their reply would be different than yours

I posted the depth of detail because that is what this board is for. Info, and sharing of. Some other poor bastard is going to go through what I did first time and if even knowing step about having some of the verification docs pre printed before leaving the states helps him, will be worth it because I found that to be an extra hassle step once you are actually in country

[QUOTE=Kazzooey; 428117]I did a transfer of close to $3, 000 USD a few months ago.

I had to submit some paperwork to Xoom, but in the end it all went through, and I assume I won't have to jump through those hoops next time around.[/QUOTE]You won't with Xoom if you already did level 2 doc which sounds like you did since any txn 3k will put you at first level limit

You definitely will have hoops with More Casa as I described if you continue to do Xoom pickups

Hello, Guys,

Thanks for all the info.

I will be in BA in few weeks, Hotel in Microcentro next to Florida.

What is the best way to change a thousand buck to pesos? Is it with the street guys on Florida street?

And what are the exchange rate I should expect?

I guess bank and the rest of formal exchange don't give that that great rate?

Thanks in advance.

[QUOTE=Creedence;427824]Went to this coin store today, very close to my hotel, got 6:1, seems like they will do it for just about any amount.[/QUOTE]Originally Posted by Toymann [View Original Post]

Thanks WhiteCat. Got a great tip from blanco gatita. I am staying on junin kitty corner to the cemetery in recoleta. As you head down junin after vincente Lopez and before las heras there is a coin store across from the newly renovated recoleta mall. Walked in and asked for cambio. Nice young fella walking me into the back room that is setup like a bank tellers window. No hassles and very professional. Was offered 6:1 for 1000 countered with 6. 2 for 2000 used. Agreed after a short discussion with the boss. Good bills, checked them all out, looked just fine. Very convenient as this store is 10 meters away from my apartment. Highly recommended. Thanks Kitty. Mongering on all. Toymann

6. 1-1 for 500 USD today at the cervino location.

How do we a determine what is a fair rate of exchange? The current buy and sell rates are 5. 78 and 6. 37, respectively. See.

[url]http://dolarblue.net/.[/url] Since dollars are in demand, and bases on the forgoing, I would think that a fair rate would be 6. 32.

Unfortunately, I never received close to the foregoing rate.

Thanks

[QUOTE=Mpexy; 428131]You won't with Xoom if you already did level 2 doc which sounds like you did since any txn 3k will put you at first level limit

You definitely will have hoops with More Casa as I described if you continue to do Xoom pickups[/QUOTE]You can save some hassles with a XOOM transfer to MORE if you are not completely truthful, and tell them that you are retired, have no job or other employment, and are just a tourist. Also give them the Argentina phone number of your hotel or apartment. I did not go beyond "level 1", so I do not know what pitfalls await.

Tres3

[QUOTE=Santa; 428211]How do we a determine what is a fair rate of exchange? The current buy and sell rates are 5. 78 and 6. 37, respectively. See.

[url]http://dolarblue.net/.[/url]

Since dollars are in demand, and bases on the forgoing, I would think that a fair rate would be 6. 32.

Unfortunately, I never received close to the foregoing rate.

Thanks[/QUOTE]A 'fair' rate of exchange is pretty easy to get here on the streets of BsAs.

The first thing to do is ignore that web-site.

Then go to one of the trusted cuevas mentioned a hundred times on THIS web-site, or take a walk down Florida / Lavalle and compare a few offers.

It IS possible to get 0. 1 or maybe even 0. 2 higher if you've been here long enough and have the right contacts, but for the amounts generally being exchanged it really isn't worth jumping through the hoops and worrying about the extra 50 pesos you might be able to generate!

If you need to change several thousand dollars on a regular (monthly) basis, PM me and I'll put you in touch with the best reliable rate available in BsAs.

With latest Xoom xfer and pickup yesterday, got my courtesy call from More again.

Was ready to yell chicas, chicas why chicas again if asked why I needed the money like Daddyrulz was asked.

Last time got asked nothing. Just told my xfer rdy for pickup. This time woman asked me what I'm pretty positive was a simple verification question to be sure I was the person she was calling. Asked what job profession I was. Again, pretty sure this is a double check against whatever you put down on their form.

After reply, she said ready for pickup. I can now positively conclude that if you wait for the More call, when you get to then pickup office it goes faster because they no longer do the back office verification call. Just lookup online and process. Basically my conclusion is that Xoom clears your xfer much quicker than More does, so when you get that Xoom side email saying ready for pickup it doesn't necessarily mean More Casa is. I'm now waiting to get both Xoom email and More call to make pickups less time and hassle.

However one security procedure or lack of it bothered me. Pretty bad slip really. Cashier didn't take my slip of paper with my Xoom xfer number written on it. She waived it off and just looked me up in their More system via my passport name / number.

I really don't like this because this removes the extra layer of protection that regardless of what Identification doc a person has, the release of your funds needs the actual unique per xfer transaction number. Similar to a protected Swiss bank xfer and pickup

On one hand they clearly know who I am by now, but on Xoom side it clearly states without the receiver presenting that xfer number and ID, funds can't be released. I prefer the double protection of ID and must present xfer number. Odd given how ultra paranoid and useless bureaucratic More Casa is that they chose to skip this procedure

My guess it is nothing more sinister than trying to give you the latino personal touch, since, as you say, they know you now.

[QUOTE=Dickhead;428439]My guess it is nothing more sinister than trying to give you the latino personal touch, since, as you say, they know you now.[/QUOTE]That's what I figured. Kinda like the ritual hazing and reward. I'd prefer they make me cough up the code though. Unlikely as it is that someone would create a nice fake I'd to scam 1 xoom transaction I send, still adds extra step to also need to hijack and know my code as well.

Where is the western union please?

Did you just walk in and ask to exchange or did you have to send it in from outside? Is there a specific denomination that is preferable (say $100 bills)?

[QUOTE=World2012;427944]I was able to get 6. 2 at the "Western Union"@$500 USD without even trying. He offered 6. 1 and I pushed a little and he said, OK. 6.2.[/QUOTE]

[QUOTE=Adventureseeke; 428453]Where is the western union please?

Did you just walk in and ask to exchange or did you have to send it in from outside? Is there a specific denomination that is preferable (say $100 bills)?[/QUOTE]Whatever you do, don't go to a Western Union and try and change your USD!

The "Western Union" referred to (note the inverted commas) is a cueva at the junction of Florida and Lavalle. It's a mobile phone accessory shop which has a small "Western Union" sign outside it. You go into the back of the shop, tell them you want 'cambio' and go in and change your USD, no questions asked. USD100 bills are always preferable.