Thread: Exchanging Currency
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03-24-13 16:34 #920
Posts: 497.5 last October
Originally Posted by FrankAndStein [View Original Post]
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03-24-13 16:20 #919
Posts: 28Over 10
Originally Posted by OldCoach [View Original Post]
They also changed some brazilian currency for me that I had left over. All at 'blue' rates of course.
And yes, a cop opened the door for me, so it isn't exactly being pressured to close, at least not yet.
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03-24-13 01:28 #918
Posts: 49Blue rate for Euros
Anyone know the current blue rate for Euros?
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03-23-13 21:49 #917
Posts: 28Uhh not quite TL, but could be a preview of what will happen
Here's the article: http://www.clarin.com/politica/Moren...887911326.html.
In brief it says Moreno demanded the blue rate be lowered to 6 'within 1 week', and how ridiculous it is for him to expect that to happen.
It says he could indeed close all the cuevas, but that would probably take some time.
No one will sell dollars at 6 when they know there is demand at 9.
This could get interesting. If they do close the cuevas the market will just move to private offices and houses. I already sell dollars to friends here, and I could start up a business if they shut down the cuevas.
Go for it Moreno!
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03-23-13 21:31 #916
Posts: 313Bull.
Originally Posted by TejanoLibre [View Original Post]
Don be.
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03-23-13 21:12 #915
Posts: 3040Blue Dollar Will Be Set at 6.00 on Monday
Originally Posted by Aqualung [View Original Post]
This is front page news in todays Clarin. What should we do? Run to the exchange house of choice on Sunday and sell as many dollars as you think you will need?
That means Lavalle and Florida as some of the others will be closed.
Any thoughts?
TL.
Maybe someone can pull-up the article.
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03-23-13 20:26 #914
Posts: 754As I predicted, the Dollar dropped a little to 8,42/8,48 to close the week after hitting a record high of 8,70/8,75 earlier this week. The method the government used to make the Dollar come down can only keep it like this for a very short time. They are desperate not to devalue the peso till after the elections later this year and are using all the resources they can. I wouldn't be surprised if it didn't reach 9 later next week or the week after.
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03-23-13 19:30 #913
Posts: 28Blue rate 8.2 at cervino and scalabrini ortiz
Wow, I was hoping to get 7.9 and got 8.2. Definitely is a reaction to the increased tax of 20% on locals using credit cards outside Argentina. Scramble (panic?) to buy USD.
At this rate will be 9 in a few weeks and 10 by June.
I probably should have waited to change dollars, but it seemed too good to be true so I changed 2 k.
At 8, BsAs is as cheap as it was 2 years ago. At 9 or 10 it will be like 2006.
It will be a great opportunity to buy an apt within the next year. Dollars will rule. Fantastic deal to buy a nice apt in Palermo for 100 to 150 K in one of the great cities of the world. Thank you Kretina!
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03-23-13 12:34 #912
Posts: 70Blue at 8.70/8.75
According to Reuters blue hit 8.70/8.75 Wednesday.
http://www.reuters.com/article/2013/...0CCBCN20130320
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03-21-13 20:38 #911
Posts: 488Originally Posted by Canardly [View Original Post]
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03-21-13 20:36 #910
Posts: 488Originally Posted by DaddyRulz [View Original Post]
I'll have to look closer at agencies my next time in Recoleta.
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03-21-13 13:08 #909
Posts: 2808I thought it was dropping
Originally Posted by SunSeeker [View Original Post]
Again, not something I'm expert at, just something I've noticed.
DR.
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03-21-13 12:54 #908
Posts: 911Originally Posted by SunSeeker [View Original Post]
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03-21-13 11:47 #907
Posts: 70Yes I agree
I was last in BA a year ago and I agree with you on general valuation.
But here is what has changed: in July Christina made it illegal to transact in dollars for real estate and transactions are down big YOY.
Because sellers don't want to accept a price which is effectively less than the blue rate and buyers won't pay more than the official rate!
http://en.mercopress.com/2012/07/07/...ate-operations
http://www.nuwireinvestor.com/articl...ket-59916.aspx
Because the market is not functioning there is a growing pent up demand of people who need to sell and will eventually transact at the clearing price.
If the blue market continues to rise, there will be a major advantage for holders of US dollars to compete with locals who hold Pesos ARS.
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03-21-13 09:26 #906
Posts: 488Originally Posted by Canardly [View Original Post]