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I don't believe that locals pay anything in US$.
I witnessed similar conduct by area hotels. The standard listed rack rate is 200 pesos/night but, oh you're an American and pay in dollars. 200/3.10 = 120 dollars using monkey math. You pay with a credit card, which must be charged in pesos, as in US$120 * 3.10 = 372 pesos. Most Americans accept that.
US$ - What country do you think this is man?
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Dolar Blue. Blues.
In September the Blue was over 15 for 1 USD. Now its posted in the BAHerald at around 12.50. Is there a credible opinion here at AP as to why its falling so fast? Is there a target price or date as to where and when it will stop? I know the Portenos cry for the days when the Peso was 1 to 1. And it may be a few generations before those days return. But any sense of the ebb and flow of the value would help future trips.
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Its a crapshoot
[QUOTE=Dosruedas;442862]In September the Blue was over 15 for 1 USD. Now its posted in the BAHerald at around 12.50. Is there a credible opinion here at AP as to why its falling so fast. ? Is there a target price or date as to where and when it will stop. ? I know the Portenos cry for the days when the Peso was 1 to 1. And it may be a few generations before those days return. But any sense of the ebb and flow of the value would help future trips.[/QUOTE]Everybody has an opinion but nobody really knows. Lots of variables to factor in and some of the variables change shape every week.
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Bond Offerings
I saw some interesting analysis about a high yield bond trade being made on the assumption that the currency is going to liberalize (at least to a greater degree) in the next 3 years.
The article will explain the idea more eloquently, and its effect on exchange rates.
[URL]http://www.bloomberg.com/news/2014-11-20/traders-spot-63-return-in-dollar-linked-bonds-argentina-credit.html[/URL]
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Just found this site
I might be late to the party but I just found this site and like this article.
[URL]http://bubblear.com/central-bank-president-promises-change-forgets-feed-elephant-room/[/URL]