Thread: Exchanging Currency

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  1. #843

    Hmm.

    Quote Originally Posted by DavieW  [View Original Post]
    Damn! 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.
    What did the bible say about the money-changers?

    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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  3. #842
    Damn! 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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  5. #841

    Who is this idiot spammer!

    Quote Originally Posted by Sibiola  [View Original Post]
    The world to come apart. Europe, America or South America. We need to go together. We are one family.
    First he wants to bring Lunita to America for porn, now this foolishness. Where is the moderator. LOL. This guy needs to go. My dos centavos. Toymann

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  7. #840

    Family

    The world to come apart. Europe, America or South America. We need to go together. We are one family.

  8. #839
    Ok 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.

    Quote Originally Posted by Jackson  [View Original Post]
    All I had to do was change the names and it's now a story about the USA.

  9. #838
    Administrator


    Posts: 2556

    Venues: 398
    Quote Originally Posted by Paladin  [View Original Post]
    The 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 credit rating downgrade will be downplayed locally while the world looks on in disbelief at the incompetent management of the Argentine US economy. Some one must finally say that the "emperor has no clothes" CFK Obama is all show and no go and his sycophants are uneducated or delusional ideologues with utopian ideas that were discounted 60 years ago. Argentina The USA 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 American youth for the 21st Century economy. Giving an uneducated 16 18 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.
    All I had to do was change the names and it's now a story about the USA.

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  11. #837

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  13. #836
    The 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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  15. #835

    It Will Surpass 10

    Quote Originally Posted by Esten  [View Original Post]
    This 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.
    It will surpass ten!

    TL

  16. #834
    Senior Member


    Posts: 1740
    This 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.

  17. #833

    Arenales

    Got 7. 5 to 1 yesterday. Was 7. 8 at the Western Union yesterday according to a friend.

  18. #832
    Also got 7. 65 at Cervino early this afternoon. When we arrived two policemen held the door open for us! Only in Argentina!

  19. #831

    Cervino

    7. 65 this morning. Don't forget they are closed saturdays now.

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  21. #830
    Quote Originally Posted by Mountaineer  [View Original Post]
    I have read on this board that the exchange rate in smaller Argentina cities is usually lower than in Buenos Aires. I was in BA for 10 days and Mendoza for 4 days. Just wanted you to know that I was in Mendoza last week. They were giving 6. 2 at the Cambios right on the main street by the McDonalds. You did not have to do large amounts. You did not have to bargain. For 100 dollars you got 6. 2. I went there multiple times and never got a bad bill in exchange. There are always 4 or 5 guys together (from different Cambios) in front of the building whispering "cambio". As you walk inside the building there are different offices for all these guys but the one right down the stairs straight ahead in the Oro (gold) office was the easiest to deal with. Very professional. Clean bills. Very safe. If they are giving that much in Mendoza for small amounts I would suggest that you might see the BA rate climbing even higher very soon.

    Mountaineer
    Thought I'd update the Mendoza info. The cambios are on San Martin. If you stand on Sarmiento, the pedestrian street, the McDonalds and the cambios are across the street to the left along the block. Walk towards McD's and the touts will accost you on the street.

    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.

  22. #829

    Florida 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

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