Thread: Exchanging Currency
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11-28-12 05:28 #66550, 100, 200 and 500 Euro notes all are considered "big" bills by the cuevas here and are all given the same exchange rate. Although the 500 Euro note is an efficient store of value and is the second most liquid currency worldwide after USD, it is not the most valuable major currency banknote. There is a 1000 CHF note, for example (worth $1080 USD) and a $10, 000 SGD banknote which is in fact the most valuable in circulation. If I had to convert all my assets into cash and bury them for 20 years I would be using the 1000 CHF notes.
Originally Posted by Dickhead
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11-28-12 03:29 #664
If what Aqualung says is true, and I have no doubt that it is, you would think they would LOVE the 500 Euro note. Might be worth bringing a few of those. I think the 500 Euro note is far and away the most valuable in the world by space and weight.
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11-28-12 02:21 #663Seems clear cut, best to bring the Euros down, there is a market here for Euro, probably can get about 8. 24 or so based on todays exchange. Just may be a bit harder to find a buyer. Plus you can leave with your excess Euro, amd not have to convert baxk lime you said. Originally Posted by Newhere
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11-28-12 01:23 #662Daddy, I have explained it before and again today. They are smuggling the money out of the country. Bundles of 20s are five times harder to smuggle. It makes perfect sense from their point of view. Originally Posted by Daddy Rulz
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11-27-12 11:16 #661It would be funny if it wasn't so sad, and typical of their entire philosophy on life! Originally Posted by Daddy Rulz
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11-27-12 10:29 #660
Typical
I was going to change money the other day and asked the guys in the house if they needed any change. Two guys gave me $200 bucks to change, on gave me 100's and the other 20's. My cambio guy gave me 6. 2 for the 100's but only offered 6 for the 20's. I asked him why and he said because they are a pain in the ass to carry around. So because it's a little more work they charge a premium. Argies never fail to entertain. Originally Posted by Cheerfull
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11-27-12 09:57 #659It seems like the final exchange rate for EUR to USD will be between 1. 21 and 1. 24 as of today, including fees. I saw 6. 30 ARS / USD listed here, leading to 1. 21*6. 30 = 7. 65 EUR / ARS or 1. 24 * 6. 30 = 7. 81 if exchanged beforehand. I also saw a guesstimate of 8. 25 for ARS / EUR, which would obviously be a bit better, however it was not confirmed. Originally Posted by Silver Star
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The "risk" in bringing USD would be that if I don't use all of it, I will be stuck with dollars afterwards.
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11-26-12 22:37 #658How much juice will you have to pay to change Euro for USD? Once we know that, we can calculate whether it is worth it or not. Originally Posted by Newhere
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I have a contact in the tire shop business here, he needs Euros to buy high end German Suspension Equipment
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11-26-12 21:18 #657I guess that doesn't surprise me. I sure don't miss bullshit like that. Originally Posted by Aqualung
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11-26-12 17:04 #656
Do you guys know if there are preferences regarding 50 or 100 EUR bills?
I have the option to bring EUR (at no cost to me) or to change to USD here and then exchange USD for ARS. My guess is that USD may have a slightly better exchange rate in Buenos Aires, but this advantage would be eaten up by the fees I pay here for changing EUR to USD.
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11-26-12 07:14 #655The peso has gone down (or up depending on your point of view) around 12 cents in the past week. I would say wait if you can. Then there is always a possibility that the peso of today will be replaced with something new next year. Typical of this gov't to print new bills and say they are worth 1 to 1 or something equally crazy Originally Posted by Cheerfull
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11-25-12 20:42 #654
Exchanging Currency
The money exchange guy I use has said he would only accept up to $200 in twenties (the rest have to be $100 bills) but yesterday he had no problem exchanging $400 in twenties (which is mainly what I have) (6. 25:1 although I hear others get 6. 3:1). For those of you who are not following the business news, December 15 is judgement day for Argentina, financially and economically, due to a bond dispute in New York. People say what happens on Dec 15 could have serious reprecussions for the country. My question is what impact do you think this bond dispute is having on the peso and exchange rate? Is it better to buy pesos now or wait to see what happens?
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11-24-12 17:36 #653
Is the coin store on Vincente Lopez the only reliable cueva in Recoleta? Thanks, Alex
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11-24-12 09:59 #652
6. 2-1 at cervino Friday. 600 in 20's got from an atm in LAX
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11-24-12 06:25 #651
What you need to do before you leave is go to your bank and ask for clean bills. If they give you any flak, just explain you are leaving the country and most will understand why you want them. If not just explain why to them. I am always amazed at the high quality of US currency here. When a client pays me here it is often in new crisp new bills all in numerical order! If I was in the states I would be thinking forgery! Here its normal.
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