Thread: Exchanging Currency

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  1. #1878

    Dollar Exchange

    After Macri www.dolarblue.net is no longer online.

    However, for selling dollars the current market price can be seen online at www.mundinix.com.

    They only mark the sell-dollar (buy peso) exchange in Buenos Aires, but it's quite accurate.

  2. #1877
    The USA educated Harvard and MIT Sloane Business School economist, egghead now running the Banco Central de Argentina, Sturzenegger, is pissing in the wind if thinks he can buy his way out of this escalating peso weakness. Yesterday Federico Sturzenegger (no relationship to Arnold) invested more than US $100 million of reserves and the currency fell 28 cents. My take is the boys in Macr's store are very nervous. Flooding dollars into the market is like shoveling shit against the incoming tide. It will work for a while but will never stop the inevitable flood that's coming. Macri must tackle inflation first. Strict pay freeze and price controls. It will never happen because it's a bitter pill for Argentina to swallow. That's my two cents. Thanks Bobby Doerr.

  3. #1876

    ATM withdrawals

    More recon... Do not use Argentine banks for ATM withdrawals... Banco Provincial and Banco Hipo only allow 1000 peso w/d and charge 93.6 pesos per transaction...total ripoff... Use HSBC and BBVA both allow 1500.

    And at least 3 pulls... More recon tomorrow as to the maximum pulls per day from either BBVA or HSBC...My California gave 15.25 as the exchange today. Capital One MasterCard was 15.45 yesterday ...

  4. #1875

    Hsbc

    Today I withdrew 4500 pesos at HSBC by ATM at 15.26 from my US bank with a rebate of ATM fees later... Three withdrawals of 1500 pesos plus 93.6 fee... 1593.6 pesos from HSBC and $104.43 US from my account...

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  6. #1874

    15.0

    On Monday through TL's friend.

  7. #1873

    Bienvanidos a Argentina

    Quote Originally Posted by BobbyDoerr  [View Original Post]
    Good post. Once again, here is my take. The papers say the inflation rate is 20% but empirical observation says it may be more considering the way prices are rising at the markets and restaurants. As the peso develops less buying power, people will look to the dollar for stability. There will be an increasing demand for dollars and with greater demand, the exchange rate climbs. One feeds on the other. So, where will it end? Strict price controls maybe. My guess is the exchange rates may blow past the teens and move into the 20's for one dollar. Bobby Doerr.
    Bobby there isn't a question in my mind that this analysis is spot fucking on correct. This is exactly what should happen.

    Who the hell knows what will happen here.

  8. #1872

    Inflation and exchange rates

    Quote Originally Posted by PirateMorgan  [View Original Post]
    The resent stability of the Peso reflected an optimistic outlook for the new regime in Argentina. But this new slipping of the peso shows signs of a bad future for the peso vs dollar. Not confirmed really until it happens but in this world of DRAMATICALLY depreciating currency what was once an uncommon extreme is now common; Col,Mex.

    Me? I would convert just what I needed for daily living.
    Good post. Once again, here is my take. The papers say the inflation rate is 20% but empirical observation says it may be more considering the way prices are rising at the markets and restaurants. As the peso develops less buying power, people will look to the dollar for stability. There will be an increasing demand for dollars and with greater demand, the exchange rate climbs. One feeds on the other. So, where will it end? Strict price controls maybe. My guess is the exchange rates may blow past the teens and move into the 20's for one dollar. Bobby Doerr.

  9. #1871

    Value of the Argentine Peso

    The resent stability of the Peso reflected an optimistic outlook for the new regime in Argentina. But this new slipping of the peso shows signs of a bad future for the peso vs dollar. Not confirmed really until it happens but in this world of DRAMATICALLY depreciating currency what was once an uncommon extreme is now common; Col,Mex.

    Me? I would convert just what I needed for daily living.

  10. #1870
    Quote Originally Posted by Thomaso276  [View Original Post]
    He was probably looking to see if you had resident status in Argentina.

    Its documented in my USA passport. Only tourists can change without proof of income.

    What did you get?
    Thanks. I wasn't aware of that. I got 14.7 on Feb. 17th. This was at the Supervielle on Las Heras between Austria and Pueyrredon.

    Bob.

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  12. #1869

    Credit Card Purchases

    Some good news... Capital One was giving at least 15 pesos as of Friday and 15.17 today according to a friend of mine... No transaction fees or conversion fees... Time to use the card and save the cash...

  13. #1868
    He was probably looking to see if you had resident status in Argentina.

    Its documented in my USA passport. Only tourists can change without proof of income.

    What did you get?

  14. #1867

    I Was Wrong; I Am Able to Change Money at a Local Bank

    I reported on Jan 19th that I hadn't been able to exchange dollars for pesos at the Superville on Las Herras near Pueyrredón. That was because I had been told by an employee that I couldn't. But the employee was wrong. I bumped into someone from the US who had exchanged dollars for pesos at that same Superville branch. He said to ask the guard at the door for help. So I did, but the guard was so fast with the kiosk menus that I am not certain what he did. I think on the first menu, asking for a document number, he just touched "continuar", and then on the next menu I think he touched cambio or something similar. Whatever ... It was simple. On that first attempt I had given up too easy because it looked like you needed a document number of some sort.

    NOTE that you do need your passport. And the clerk looked through the pages in my passport very carefully and several times. He may have been looking for that reciprocal thing which is not in my current passport because it's in my previous passport which of course I have with me in Argentina but did not take to the bank.

    Bob.

  15. #1866

    Bariloche

    I am in Bariloche right now, and there are guys all over looking to exchange money on Mitre. They were offering 14.8. Official is about 14.95-15 right now. Two year ago when there was a good spread on the blue dollar, I struggled to find one or two. Now there were a dozen guys in just 2-3 blocks.

    I was in Ushuaia, El Calafate, and El Chalten over the last two weeks. Businesses, restaurants, and casinos were exchanging at a rate of 1 USD to 13 ARS....taking advantage of tourists.

  16. #1865

    14.7

    All along Lavalle and Calle Florida.

  17. #1864

    Just in case

    Quote Originally Posted by MileHighDave  [View Original Post]
    Quote on official exchange this morning per Bloomberg is 14.77:1. Found a quote on the net for blue dolar at 14.83:1. Why bother with unofficial exchange?
    You might not want to show a passport.

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