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[QUOTE=Miami Bob; 420043]I am arriving Tuesday. At the national bank in the airport, how many pesos per us$ should I expect?
What would be a reasonable black market rate in a casa de cambio-not in a back alleyway in a bad part of town[/QUOTE]Banco de la Nacion $4. 25 +. Today I changed dollars for 4. 55, last week 5. 05
[QUOTE=Gandolf50;420046]Banco de la Nacion $4. 25 +. Today I changed dollars for 4. 55, last week 5. 05[/QUOTE]Would you be so kind as to share where you got the 4. 55? I'm arriving next week and would appreciate the tip.
Thanks!
Not offering where to go, everyone is spooked. Government hell bent on shutting down the black market. About 4. 70 today in the black. Just my two cents.
[url]http://finanzas.iprofesional.com/notas/126065-Los-turistas-ya-no-van-a-las-casas-de-cambio-prefieren-comprar-con-dlares[/url]
[QUOTE=Miami Bob; 420043]I am arriving Tuesday. At the national bank in the airport, how many pesos per us$ should I expect?
What would be a reasonable black market rate in a casa de cambio-not in a back alleyway in a bad part of town[/QUOTE]No passport required!
Yes, it is hidden in a "Galeria" but it's legit!
Behind the Green Door, I mean behind the glass!
4. 50 to 1 is a fucking bargain Dude!
On Lavalle and almost Florida!
5 blocks from "The Mansion!"
TL
I ended up only changing us$150 at the bank to have some cash. A friend from miami's son changed my other money at 4. 80 pesos for the us$. The new government rules are creating a black market. The telephone place in the airport where I purchased some time for my personel sim card gave 4. 25 pesos-better than the national bank. This is a significant change from the past.
[QUOTE=Miami Bob;420085]I ended up only changing us$150 at the bank to have some cash. A friend from miami's son changed my other money at 4. 80 pesos for the us$. The new government rules are creating a black market. The telephone place in the airport where I purchased some time for my personel sim card gave 4. 25 pesos-better than the national bank. This is a significant change from the past.[/QUOTE]Is your friend's son available to change for us ordinary mortals as well? @4. 80?
I changed for 4. 65 at a cambio last week.
Speak with me privately. I am a friend of his family and have had asado with him and his childern.
Having arrived on Tuesday, the airport cambio was closed. Since I've been to town I've only been able to find "official" cambios, and their bs rates. I've been reading this thread about these secret cambios where one can get between 4. 40 and 5. 00. I've combed every fucking inch of Florida street and the only place I found was the official Metropole Cambio, or whateverthefuck it's called.
If anybody can give me information on where to exchange currency at a better-than-official rate, I'd certainly appreciate it. C'mon guys, help a brother out. Thanks!
[QUOTE=Chezz; 420159]Having arrived on Tuesday, the airport cambio was closed. Since I've been to town I've only been able to find "official" cambios, and their bs rates. I've been reading this thread about these secret cambios where one can get between 4. 40 and 5. 00. I've combed every fucking inch of Florida street and the only place I found was the official Metropole Cambio, or whateverthefuck it's called.
If anybody can give me information on where to exchange currency at a better-than-official rate, I'd certainly appreciate it. C'mon guys, help a brother out. Thanks![/QUOTE]
Got 4. 55 yesterday but may be able to get 4. 70!
Huge difference of opinion between 4.24 and 4.73 !
TL.
PS- It was in a hidden spot on Lavalle!
TL.
Will take you there.
[QUOTE=TejanoLibre; 420160]Got 4. 55 yesterday but may be able to get 4. 70!
Huge difference of opinion between 4. 24 and 4. 73!
TL.
PS- It was in a hidden spot on Lavalle!
TL.
Will take you there.[/QUOTE]4. 60 everywhere in the gold and jewelry district Corrientes and Libertad.
Forecast to move to 5. 20 at least next year. Price of chicas is coming down guys!
Madonna only give 4. 00 so take pesos.
Happy Christmas
I've normally paid chicas in pesos, although a few times I used dollars at Gysell's at more-or-less the standard exchange rate.
But these days are chicas happy to take US dollars at a real favorable exchange rate? If dollars are harder to obtain and everyone expects the peso to fall I'd think that it might be smart to pay chicas in US dollars.
Are any of you guys paying chicas in US dollars, and, if so, what rates are they giving you?
Thanks, Bob
That's why I'm posting at 10 pm. Monte is kinda dead.
Also $4. 90 in Asuncion last week. Lotta ARG leaving the country, now in weak hands.
I don't understand the discrepancy between various rates. Today Dolar Hoy shows that the best rate you could get in BsAs if you were selling dollars is 4. 335. But twice I've gotten 4. 5 on Corrientes and most recently 4. 55. And now Canardly is posting much better rates in nearby countries.
The place on Corrientes is certainly no secret so I doubt that it's black market. And wouldn't international currency trading keep exchange rates pretty consistent around the world?
Can anyone explain how such discrepancies can exist?
Bob
[QUOTE=AllIWantIsLove; 420678]I don't understand the discrepancy between various rates. Today Dolar Hoy shows that the best rate you could get in BsAs if you were selling dollars is 4. 335. But twice I've gotten 4. 5 on Corrientes and most recently 4. 55. And now Canardly is posting much better rates in nearby countries.
The place on Corrientes is certainly no secret so I doubt that it's black market. And wouldn't international currency trading keep exchange rates pretty consistent around the world?
Can anyone explain how such discrepancies can exist?
Bob[/QUOTE]There is the official rate and the paralel rate. The official rate is what you buy and sell for within the legal system f you can provide all the proper arg stip reg otherwise you get the paralel or nowadays the blue rate which is the dif
Argentina's government has enacted capital controls to stop capital flight.
Good luck with that one. The result is that people who want to move money out of the country (generally into dollars) will pay a premium to transact an exchange which cannot otherwise be made.
Its true, Argentines want dollars no matter what the cost. The Euro is shakey for long term right now. So its only dollars. I saw signs on Calle Florida yesterday in several stores for $4. 70. Out here in the boondocks where I live they were paying $4. 90 last week and selling at $5. 50! They even asked me if I had more I wanted to sell and that they could give me a slightly better price. I said why should I when the price goes up almost every week!
So I haven't been down since March of 2010, at that time it was still quite easy to get dollars from a couple of ATM's down there, is this not the case still? If the exchange rate can be had that much above the bank rate it may change my usual tactics. Would love to know more, are chicas really into getting dollars instead?
Looney
It would be nice to use USD if possible as the girls can get more value, rather than giving it to the bank. What are you seeing out there?
[QUOTE=Captain Looney; 420696]So I haven't been down since March of 2010, at that time it was still quite easy to get dollars from a couple of ATM's down there, is this not the case still? If the exchange rate can be had that much above the bank rate it may change my usual tactics. Would love to know more, are chicas really into getting dollars instead?
Looney[/QUOTE]No dollars in ATM's. Argentines need permission from AFIP (IRS more or less) to buy dollars and there is a ten day lead time to get them. (when argies say 10, figure 20!) Don't forget, if you pay in dollars figure 5 to one! Otherwise pay in pesos!
This is based on my experience in currency control countries.
If any of this is wrong please correct me.
1) Unlike its neighbors Uruguay and Paraguay (don't know about Brazil) Argentina strictly controls the exchange of its currency.
This is partly due to the default etc of ten years back but basically it is because Argentinians would like to move as much money as they can out of the country and the government wishes to stop them doing so.
Interesting article in page 26 of Clarin today,"Sin dolares, con mucha humillacion." Basically a retired person with 12000 ARG per month pension tried to get $2000, the cashier accepted 9000ARG and told the customer they had to get AFIP (=IRS) permission. Which was denied. The only legal way to exchange currency is at a bank or cambio (with passport) or at an ATM, which will issue ARG with a fee. 17ARG I think.
If you try to change ARG for dollars, they will require proof that you legally acquired them, remember this is you need to make a transaction at the Cambio at the airport. (Hint just go to an ATM and pick up an appropriate discarded receipt.)
2) If you want a better rate of exchange it is easy to find it in Uruguay or Paraguay, legally with a receipt from the cambio. It's a little more complicated here. Stores on Florida are advertising dollar rates from 4. 40 all the way up to 5 (perfume store on NW corner of Florida and Lavalle.) If you want to buy something at the store, just tender $100 and receive change from 500 ARG or whatever.
3) Or you can exchange "informally". Just stroll Florida / Lavalle or Corrientes / Libertad and listen to offers of "cambio" from street barkers. You will be invited to give your dollars in some secluded spot and the barker will return (hopefully) in 15 minutes or so after he has negotiated his own deal with whichever local street merchant is most anxious for dollars. You're not taking much legal risk. The police are much more interested in the merchant and in the barker. But you don't have any recourse (except ratting the barker to the police) if you end up with short ARG or worse still the barker fails to return. Market rate now seems to be about 4700ARG for $1000, slightly less for smaller amounts.
Good luck mongers!
[QUOTE=Canardly; 420704]This is based on my experience in currency control countries.
If any of this is wrong please correct me.
1) Unlike its neighbors Uruguay and Paraguay (don't know about Brazil) Argentina strictly controls the exchange of its currency.
This is partly due to the default etc of ten years back but basically it is because Argentinians would like to move as much money as they can out of the country and the government wishes to stop them doing so.
Interesting article in page 26 of Clarin today,"Sin dolares, con mucha humillacion." Basically a retired person with 12000 ARG per month pension tried to get $2000, the cashier accepted 9000ARG and told the customer they had to get AFIP (=IRS) permission. Which was denied. The only legal way to exchange currency is at a bank or cambio (with passport) or at an ATM, which will issue ARG with a fee. 17ARG I think.
If you try to change ARG for dollars, they will require proof that you legally acquired them, remember this is you need to make a transaction at the Cambio at the airport. (Hint just go to an ATM and pick up an appropriate discarded receipt.)
2) If you want a better rate of exchange it is easy to find it in Uruguay or Paraguay, legally with a receipt from the cambio. It's a little more complicated here. Stores on Florida are advertising dollar rates from 4. 40 all the way up to 5 (perfume store on NW corner of Florida and Lavalle.) If you want to buy something at the store, just tender $100 and receive change from 500 ARG or whatever.
3) Or you can exchange "informally". Just stroll Florida / Lavalle or Corrientes / Libertad and listen to offers of "cambio" from street barkers. You will be invited to give your dollars in some secluded spot and the barker will return (hopefully) in 15 minutes or so after he has negotiated his own deal with whichever local street merchant is most anxious for dollars. You're not taking much legal risk. The police are much more interested in the merchant and in the barker. But you don't have any recourse (except ratting the barker to the police) if you end up with short ARG or worse still the barker fails to return. Market rate now seems to be about 4700ARG for $1000, slightly less for smaller amounts.
Good luck mongers![/QUOTE]This is basically correct. Argentina has only been trying to "control" the exchange in dollars since the election last year. Every one with a brain and a little bit of money that lives here is scared sh*tless. They are afraid its 2001 all over again so they are either trying to put their money outside gov't control (out of the country) or to hoard money under their beds. Since the ARG peso is worthless outside of Argentina and its immediate neighbors (Mercosur) that means changing it to something else. The only type of money that is widely accepted is dollars or euros. (I know there are others but these are the two BIGGIES!) With the euro possibly taking a dive any day that only leaves the dollar. Very few countries try to control the dollar like Argentina, Cuba and Venezuela come to mind and in both countries it has been a disaster. (note these are both countries with strong ties to Argentina) Personally I think it would be better to let the peso devalue and save all the bullsh*t they are going through to try and maintain it. It is going down anyway. It seems every week Moreno (minister of finance & boliches) comes up with a new way to "control" the dollars and capitol flight, but it seems it is just costing the country more in the long term. Personally all this nonsense works for me. I was able to change dollars today for $5. 05!
[QUOTE=Gandolf50;420688]Its true, Argentines want dollars no matter what the cost. The Euro is shakey for long term right now. So its only dollars. I saw signs on Calle Florida yesterday in several stores for $4. 70. Out here in the boondocks where I live they were paying $4. 90 last week and selling at $5. 50! They even asked me if I had more I wanted to sell and that they could give me a slightly better price. I said why should I when the price goes up almost every week![/QUOTE]AVOID GLOBAL EXCHANGE at the Airport!
They are paying $3. 47 to 1 USD!
$4. 50 per Euro!
They say that they offer a 24 hour service and that they are not breaking the law.
It is the first thing you see when you come out of the hallway!
FUCK THEM!
TL
About changing USD for pesos. Are there preferred denominations? Do they mostly deal with 20's and 100's, are they familiar with $50 USD bills? I like 50's, big enough denomination to not take up so much room, yet small enough to be changed or broken.
Just wondering, in the past when I've traveled, I've been told, for example, don't take any torn bills. When I get cash up here, I ask them to just give me the newest version, the one with colors in it. Just to make sure.
I've heard if you know some locals, they may change you at a better rate. Someone on one of the travel forums suggested this to me. Of course I am a little wary of getting counterfeits.
Did I already post about that?
[QUOTE=Hooky; 421207]About changing USD for pesos. Are there preferred denominations? Do they mostly deal with 20's and 100's, are they familiar with $50 USD bills? I like 50's, big enough denomination to not take up so much room, yet small enough to be changed or broken.
Just wondering, in the past when I've traveled, I've been told, for example, don't take any torn bills. When I get cash up here, I ask them to just give me the newest version, the one with colors in it. Just to make sure.
I've heard if you know some locals, they may change you at a better rate. Someone on one of the travel forums suggested this to me. Of course I am a little wary of getting counterfeits.
Did I already post about that?[/QUOTE]Got my 50s changed at the Airport and then at the Money Changer at the Florida street. No issues at all.
[QUOTE=Hooky; 421207]About changing USD for pesos. Are there preferred denominations? Do they mostly deal with 20's and 100's, are they familiar with $50 USD bills? I like 50's, big enough denomination to not take up so much room, yet small enough to be changed or broken.
Just wondering, in the past when I've traveled, I've been told, for example, don't take any torn bills. When I get cash up here, I ask them to just give me the newest version, the one with colors in it. Just to make sure.
I've heard if you know some locals, they may change you at a better rate. Someone on one of the travel forums suggested this to me. Of course I am a little wary of getting counterfeits.
Did I already post about that?[/QUOTE]They will change all denominations. Like you said, no torn, dirty, or marked up bills as many (not all) places will try to discount them. I have not had trouble with older bills, but that might change any day. As always, check your change and double check their math!
[QUOTE=TejanoLibre; 420863]AVOID GLOBAL EXCHANGE at the Airport!
They are paying $3. 47 to 1 USD!
$4. 50 per Euro!
They say that they offer a 24 hour service and that they are not breaking the law.
It is the first thing you see when you come out of the hallway!
FUCK THEM!
TL[/QUOTE]I need to change a small amount of dollars at the airport to pay for my cab. I will have a number of bags including my SO, where besides, Global Exchange, do I exchange money? Thanks
[QUOTE=Santa;421219]I need to change a small amount of dollars at the airport to pay for my cab. I will have a number of bags including my SO, where besides, Global Exchange, do I exchange money? Thanks[/QUOTE]At Banco De La Nacion. They give a decent rate and the best in the airport. When you enter the airport lobby from customs keep bearing to your right and they are right in front of you.
Thanks Gandolf.
Banewbie, are you in BA now, and what rate are you getting at the changer on Florida Street? Or I could ask, how are the rates there in general?
BTW my bank says it will credit me back all ATM fees after I come back, so that's still an option.
As I may have mentioned, someone on a travel forum contacted me and said I might get better exchange rates dealing with local friends. It sounds like the difference would be around 10% higher. Not sure if it is worth it though. On the other hand, the ATMs have a daily limit, don't they?
Thanks again you guys, really appreciate the advice.
[QUOTE=Hooky; 421224]
BTW my bank says it will credit me back all ATM fees after I come back, so that's still an option.[/QUOTE]
Did you ask specifically about the foreign currency transaction fee?
Bob
[QUOTE=AllIWantIsLove; 421227]Did you ask specifically about the foreign currency transaction fee?
Bob[/QUOTE]Sorry Bob I am not sure to what you are referring. What they said they would credit back to me are the ATM w / the fees charged by the bank in Argentina. From what I've read there is typically a charge in the range of 14. 17 ARS, plus some people's banks charge them as well for using an outside ATM.
Is there another fee as well?
Just trying to figure this one out.
[QUOTE=Hooky; 421230]Sorry Bob I am not sure to what you are referring. What they said they would credit back to me are the ATM w / the fees charged by the bank in Argentina. From what I've read there is typically a charge in the range of 14. 17 ARS, plus some people's banks charge them as well for using an outside ATM.
Is there another fee as well?
Just trying to figure this one out.[/QUOTE]The ATM withdrawal fees are about 17 pesos per transaction and unavoidable for the most part.
TL
PS - Depends , Citibank will not charge you a fee if you have an account with them in the USA .
[QUOTE=TejanoLibre; 421231]The ATM withdrawal fees are about 17 pesos per transaction and unavoidable for the most part.
TL.
PS. Depends, Citibank will not charge you a fee if you have an account with them in the USA.[/QUOTE]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.
I mean I have my 10, 000, 000 Vietnamese Dong deposited there.
Cheers!
[QUOTE=Hooky; 421232]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.
I mean I have my 10, 000, 000 Vietnamese Dong deposited there.
Cheers![/QUOTE]Is that not like 30 dollars?
Now quit fucking with US!
TL
If you have a US debit card (I think that it is true of credit cards also) any transaction here in pesos will generally incur a foreign currency transaction free.
If I recall correctly the ATM receipt will not show this fee. Your bank or credit card statement may or may not. The last time I did an ATM withdrawal here, several years ago, my bank charged me 1. 5. I've heard that the fee can be as high as 5% ([url]http://www.dailymarkets.com/creditcards/credit-cards-with-no-foreign-transaction-fee/[/url]). When banks say they refund ATM fees they generally, again in my experience, are not including the foreign currency transaction fees. This gets very confusing because when you call a bank's toll free number you are often talking to someone who does not travel abroad and has never heard of the foreign currency transaction fee.
Bob.
[QUOTE=Hooky; 421230]Sorry Bob I am not sure to what you are referring. What they said they would credit back to me are the ATM w / the fees charged by the bank in Argentina. From what I've read there is typically a charge in the range of 14. 17 ARS, plus some people's banks charge them as well for using an outside ATM.
Is there another fee as well?
Just trying to figure this one out.[/QUOTE]
[QUOTE=Hooky; 421232]OK that's what I thought he was talking about, my bank says they'll credit it back to me, they do sort of specialized banking so maybe that's why.
I mean I have my 10, 000, 000 Vietnamese Dong deposited there.
Cheers![/QUOTE]Actually that's about $980. 00 dollars is'nt it?
Anyway, this is how it works for me :
I am charged $17. 43 pesos per transaction using my Chase USA Card by ANY local BA ATM. For me there is no way around it.
My statement goes to Houston so I never know what they do on that end.
Don't worry about the little things man!
"Just Fuck It" like Nike says!
TL
Since it seems that Argentinians would rather have dollars, does it make any sense to exchange currency except for small amounts for taxis, meals, etc. It seems like the girls would prefer dollars to Argentine pesos? Is this correct? If so, what is the exchange rate they would calculate: 4. 6 to 1; 5 to 1? Please let me know your thoughts. For my trip in April, I'm thinking about bringing dollars in cash with me and using that for all major expenditures. I would only exchange a small amont of money for incidentals. Does this make sense?
Canyon
[QUOTE=Canyon; 421246]Since it seems that Argentinians would rather have dollars, does it make any sense to exchange currency except for small amounts for taxis, meals, etc. It seems like the girls would prefer dollars to Argentine pesos? Is this correct? If so, what is the exchange rate they would calculate: 4. 6 to 1; 5 to 1? Please let me know your thoughts. For my trip in April, I'm thinking about bringing dollars in cash with me and using that for all major expenditures. I would only exchange a small amont of money for incidentals. Does this make sense?
Canyon[/QUOTE]Black market may be close to 5 by then and you can use that in your favor with the girls but not with the restos.
They, the restos, will tell you that they are selling their grub at 4. 55 to 1 but in reality you are still losing cash.
Best bet :
I will take you to a black market dealer and get you the best rate available for restos and cabs, etc. Cabs will NOT accept your dollars due to ignorance or lack of ability to distinguish the real dollars from SUPER DOLLARS!
Have we NOT gone over this fucking issue enough already!
TL
[QUOTE=TejanoLibre; 421250]Black market may be close to 5 by then and you can use that in your favor with the girls but not with the restos.
They, the restos, will tell you that they are selling their grub at 4. 55 to 1 but in reality you are still losing cash.
Best bet :
I will take you to a black market dealer and get you the best rate available for restos and cabs, etc. Cabs will NOT accept your dollars due to ignorance or lack of ability to distinguish the real dollars from SUPER DOLLARS!
Have we NOT gone over this fucking issue enough already!
TL[/QUOTE]Come on give us a chance, just a few more times ought to do it.
Remember, we are noobs here.
LOL, just kidding TL, your help is much appreciated! ! !
Something happened to me last week that might benefit other mongers. Two of my "friends" stopped by the house and wanted dollars. It seems that when they want to send money home in dollars the place where they send money from charges them around $5. 60p for each dollar. They offered me $5p for each dollar. If you have a decent relation with some of your "friends" maybe you can help each other out. Just a thought!
[QUOTE=Gandolf50;421261]Something happened to me last week that might benefit other mongers. Two of my "friends" stopped by the house and wanted dollars. It seems that when they want to send money home in dollars the place where they send money from charges them around $5. 60p for each dollar. They offered me $5p for each dollar. If you have a decent relation with some of your "friends" maybe you can help each other out. Just a thought![/QUOTE]This is the kind of thing I heard about.
To where do your friends send dollars? You mean Paraguay or Dominica for example?
But OK they weren't referring to that type of friends I don't think.