Thread: Exchanging Currency

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  1. #168

    Mongers, 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

  2. #167

    Sportsman,

    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.

    Quote Originally Posted by Sportsman
    Paris Cambio website shows their buying and selling exchange rate.

    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/

  3. #166

    Quote Originally Posted by Ken Brown
    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
    Paris Cambio website shows their buying and selling exchange rate.

    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/

  4. #165

    Never 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

  5. #164

    If 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.

  6. #163

    Spread

    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

  7. #162

    Quote Originally Posted by Sportsman
    Paris Cambio,

    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.
    THANK YOU sportsman. Do you know what cell phone company works the best as a pre paid phone?

  8. #161
    Quote Originally Posted by Guacamole
    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
    Paris Cambio,

    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.

  9. #160

    Exchange 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

  10. #159
    Administrator


    Posts: 2556

    Venues: 398

    Thread 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

  11. #158

    Exchange 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.

  12. #157
    Quote Originally Posted by Seaman
    The only place you want to use there is Banco de la Nacion which gives you the official exchange rate. I guess they open at normal business hours, so around 8-9AM? I might be wrong though.

    Stay well clear of all the other exchange places! Recently I was at the airport and checked the exchange rate at the other places. The official rate was 3.85 to a dollar, they were offering 3.33 to a dollar! And people were still queuing up to use their service. (The only thing they had to do was looking to the left and walk another 50 ft. BdlN was advertising the rate on a display!
    I do airport pickups professionally here, and Banco de la Nacion has the best rates and is always open. If you come in Terminal B at an odd hour and if the branch is closed there, the one in Terminal A will be open. Avoid Global Exchange like the plague, much lower exchange. A good option if you are short on time and if the line is long at Banco De La Nacion, try Banco Piano, very reasonable exchanges, but not the best. Go upstairs in terminal A in the morning for the shortest lines. Also, if the HSBC ATM has a long line near Farmacity, there are other ATM's in the departure area downstairs with no lines. Generally the best exchange in town is at Paris Cambio, but expect to wait 15 minutes or so, depending. If you are coming from outside the US, it is generally best to buy USD in your home country, then get Pesos with your USD here.

    Thanks,

    Fred.

    www.silverstarcar.com

  13. #156

    Apartment

    Who are you renting from? If you are renting from bytargentina you can pay in pesos. Unless they changed their policies.

    Quote Originally Posted by Marlboro Red
    Hi,

    I need to bit of USD to pay for the apartment, can I change euros to USD at the airport or bank?

    Regards,

  14. #155

    If 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.

  15. #154

    Changing 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,

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