Thread: Exchanging Currency
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05-26-10 21:30 #168
Posts: 751Mongers, Ken Brown, et al-
When you see the rate 3.90/3.93 outside the Paris Cambio, any bank, or any other exchange house, what you see if what you get. If you are buying pesos you will get 3.90 pesos / 1 US Dollar. If you are selling pesos to buy dollars you pay 3.93 pesos / 1 US Dollar. The reason the spreads are so tight on buying / selling dollars in Buenos Aires is because it is such a high volume wholesale operation.
Suerte,
Rock Harders
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05-26-10 21:18 #167
Posts: 31Sportsman,
I am aware of these rates. These are interbank rates, and not those that are offered for retail purchase / sale. Genarally the spread between buy / sell is much wider than the interbank rates. For instance, the current buy / sell rate on pariscambio is 3.90/3.93. This is the interbank rate. If I were to try buying today as a retail buyer, I would probably get -4/5% over theinterbank rate.
So today, I could purchase ARS (pesos) @ 3.744 (@ 4%) or 3.705 (@ 5%)
Just wanted to know from an actual user to cross check fact vs general practises.
In any case thanks for the info on the websites. Let me know, if you have converted USD / ARS reently and let me have the date and rates, so I can figure out the discount.
Best, Ken.
Originally Posted by Sportsman
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05-26-10 20:24 #166
Posts: 713Originally Posted by Ken Brown
http://www.pariscambio.com.ar/
Currently is actually $0.01 better than the interstate exchange rate shown on Onada: http://www.oanda.com/currency/converter/
and same rate as xe.com http://www.xe.com/
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05-26-10 17:22 #165
Posts: 823Never exchange in baggage area!
As has been mentioned numerous times on this thread before, use the bank that is at the airport just outside of security, around corner to the right as you exit. Enough said as it has been mentioned many many times before.
Happy Mongering All. Toymann
PS: Go get em' Gato Hunter
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05-26-10 17:02 #164
Posts: 1009If you exchange currency at EZE while waiting for your bags you will get ripped off.
You should get 3.90, maybe 3.88 at the worst case at the bank at EZE.
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05-26-10 16:15 #163
Posts: 31Spread
Just to get a bit more clarity, what is the spread in exchanging USD for ARS (Peso) I mean if the official rate is 3.90 ARS = 1 USD (for example) what rate do I expect to get at the Bank Nacional? 3.50, 3.60?
By spread I mean the percentage difference between the official / traded rates.
Best,
Ken
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05-25-10 02:53 #162
Posts: 26Originally Posted by Sportsman
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05-24-10 14:41 #161
Posts: 713Originally Posted by Guacamole
http://www.pariscambio.com.ar/
Only two blocks away on Sante Fe. You'll need to bring your passport with you. Be prepared to wait. Certain days the wait can be 30 minutes or more, certain days no one inline at all.
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05-24-10 01:23 #160
Posts: 26Exchange USD to PESOS in MICROCENTRO?
Hello All.
Will be staying near the Florida Street and the Marriot Hotel.
Where do you recommend me to exchange my USD? Whats the closest place?
Thank you
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05-19-10 19:32 #159
Posts: 2556
Venues: 398Thread Split
Greetings Everyone,.
I moved the last several pages of discussion regarding "US Dollar Inflation" to another thread in this forum titled "US Dollar Inflation".
http://www.argentinaprivate.com/foru...ead.php?t=6299
This "Thread Splitting" process is not perfect, and it's possible that I may have inadvertently moved / did not move a few reports. If you find that your own report was also moved / not moved, please don't take it personally.
Thanks,.
Jackson
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05-19-10 18:58 #158
Posts: 44Exchange game
I thought the thread was about exchanging currency, but reading Exon and Jackson jabs is almost more entertaining. However, for any repeat offenders (I mean visitors) to BA, the best place to exchange $'s for pesos is right near your departure gate at EZE. There actually is a booth there that provides a rip-off service for stupid people that are trying to clean their pockets out of usually loose change (although a couple wks back saw one guy exchange over 7000p for US$. The real gravy is that a good chunk of the small bills that people exhange are the fake ones that Argentina is so famous for. The legitimate exchange place quickly points this out to the stupid customers and if you close by (you usually standing by the gate doing nothing - unless you Exon and you may be masterbating anyways) and come up with an offer (50% value seems perfectly fair for counterfeit as have found it works as good for mongering as the real stuff) you usually can get their other business at the rip-off rate as well. Am not advocating too long of a postn in the peso for sure, but it provides a bit of airport entertainment and maybe your first few sessions usually.
PS - am sure you do not want to get caught doing this so you do need to be a little discreet in how you funnel business away from the rip off concession, but have never had a prblm.
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05-17-10 17:49 #157
Posts: 329Originally Posted by Seaman
Thanks,
Fred.
www.silverstarcar.com
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05-17-10 13:29 #156
Posts: 2700Apartment
Who are you renting from? If you are renting from bytargentina you can pay in pesos. Unless they changed their policies.
Originally Posted by Marlboro Red
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05-17-10 11:16 #155
Posts: 1009If you change them in BA they may try to first convert the EUR to ARS, then the ARS to USD. You get a haircut twice in other words.
If you must have USD for your apartment I would do that exchange in Europe.
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05-16-10 19:29 #154
Posts: 16Changing to USD
Hi,
I need to bit of USD to pay for the apartment, can I change euros to USD at the airport or bank?
Regards,