Thread: Exchanging Currency
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02-06-13 17:54 #843
Posts: 1885Hmm.
Originally Posted by DavieW [View Original Post]
Christina is extorting grocery chains into "voluntary" price controls for sixty days and we are told this was the bottom?
FYI, a non-monger buddy of mine told me he was getting something around 8. 2:1 on Florida, within the past two weeks.
Economies are like battleships, it is pretty easy to see when they are turning. Take for instance the US economy which has yet to turn since 2008.
I don't see anything in the economic forecasts that would make me thing think that Arg is past the peak of any bubble or that they are in any sort of bubble. What are tehy going to do about that pesky 30% inflation thingy? The FOREX (official and blue) rates will fluctuate, however they are dictated by other economic factors (specifically Argentinian relative to US and EU factors). Were it not for the US and EU economies being in the crapper, we'd have seen 10:1, long ago (I predict 10:1 won't be the bottom).
I'd strongly recommend holding dollars until you start the foreplay, before exchanging them for pesos.
BTW, CFK's prospects for winning reelection in the midst of this sh*tty economy are about the same as they were for a US president winning with rampant unemployment, 50 million plus on food stamps and absolutely no recovery four years into the recession. The similarities (especially the rampant corruption) couldn't be more clear.
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02-06-13 17:19 #842
Posts: 416Damn! It was definitely a bubble. I couldn't change any dollars last week because I didn't have any. Got paid today and got 7. 57 and they told me they were giving 7. 86 at the peak. They reckon it may have already bottomed out though and we should go back to the usual steady rise from here.
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02-04-13 23:42 #841
Posts: 823Who is this idiot spammer!
Originally Posted by Sibiola [View Original Post]
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02-04-13 22:45 #840
Posts: 4Family
The world to come apart. Europe, America or South America. We need to go together. We are one family.
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02-03-13 14:10 #839
Posts: 61Ok Jackson! Touche! But I will forgive you because you are such a good guy and I do not want to be blackballed from the Mansion. Jajaja.
Originally Posted by Jackson [View Original Post]
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02-03-13 13:44 #838
Posts: 2556
Venues: 398Originally Posted by Paladin [View Original Post]
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02-03-13 10:23 #837
Posts: 374Some ideas about the blue rate:
http://www.iprofesional.com/notas/15...-diez-centavos
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02-03-13 00:11 #836
Posts: 61The currency will continue to devalue against the dollar until it becomes apparent that CFK cannot have a third term. If the same economic team stays in place that has exhibited total incompetence in managing an emerging economy, then there will continue be a flight of capital. The embarrassment of the IMF sanctions will be downplayed locally while the world looks on in disbelief at the incompetent management of the Argentine economy. Some one must finally say that the "emperor has no clothes" CFK is all show and no go and her sycophants are uneducated or delusional ideologues with utopian ideas that were discounted 60 years ago. Argentina is caught in a time warp with no foreseeable away out of this economic quagmire. Social programs are great if you have the money to pay for them. You see absolutely no real effort to stimulate the economy. There is a government acceptance of underemployment and no incentive to educate the Argentine youth for the 21st Century economy. Giving an uneducated 16 year-old the right to vote is not the same as giving him / her a relevant education. You might gain votes but ultimately your country goes into the shitter even more.
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02-02-13 23:21 #835
Posts: 3040It Will Surpass 10
Originally Posted by Esten [View Original Post]
TL
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02-02-13 18:58 #834
Posts: 1740This really is looking like a bubble. Or just the new normal? I remember speaking with a (non monger) American and his Argentinian wife on my last trip, he thought the rate could go to 10.
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02-02-13 14:37 #833
Posts: 69Arenales
Got 7. 5 to 1 yesterday. Was 7. 8 at the Western Union yesterday according to a friend.
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02-01-13 17:50 #832
Posts: 35Also got 7. 65 at Cervino early this afternoon. When we arrived two policemen held the door open for us! Only in Argentina!
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02-01-13 11:18 #831
Posts: 488Cervino
7. 65 this morning. Don't forget they are closed saturdays now.
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02-01-13 09:47 #830
Posts: 35Originally Posted by Mountaineer [View Original Post]
Yesterday one guy offered me 7 on the street. He went to 7. 3 when I wasn't buying 7. I just followed Mountaineer's advice and walked straight in and straight down half a flight of stairs and into the Oro office. There I was offered 7. 4 which I took. Very professional. Good bills. A few minutes and you are back out on the street with your pesos.
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01-30-13 21:40 #829
Posts: 4Florida and Lavalle.
They buy for 7.5 - 7.6 and you can buy for 7.8 - 7.9 now. In street Florida and Lavalle.
Was today. Euro 9. 70. 9.80. Crasy