Blue Dollar: Peso has devalued 22% over the last 30 days

[Sleuth]

Got 6.40 for euros this week.

I got $6.60 last Monday (5/14) for the Euro and $5.10 for the dollar. Yesterday I got $5.70 for the dollar but did not check the euro price. Should be much higher...

 

[Napoleon]

I got $6.60 last Monday (5/14) for the Euro and $5.10 for the dollar. Yesterday I got $5.70 for the dollar but did not check the euro price. Should be much higher...

$#!+'s gettin' real!

 

[earlyretirement]

I've run out of dollars and I have a stinking suspicion that when I return with some in July, I'm not going to be able to sell them, or else it will be dangerous to do so.

To the guy who sold U$D10,000 -- do you call up and say, "I've got 10,000 dollars" and they quietly bring you the pesos and pick up your dollars? Maybe you don't but I imagine some do, and I also imagine eventually these guys will come with a bag of guns instead of a bag of pesos.

The way I've sold on the black market is through a local in-law that calls in the amount she wants to exchange and they go to her office directly. Every time I ask her to change money for me I feel guilty, like I'm putting her in a precarious (and dangerous) position, but she never seems to be worried...

I'm tired of worrying all the time and being scared, I don't know how the Argentines live like this! (this is half in jest, but oh so true!)

I work with established firms that I've been working with for years. Unfortunately, they AREN'T taking on new clients so I can't give them out as a referral source. I've received a few PM's but I'm afraid I can't help. Most of the major blue market firms stopped taking on new clients a while back unless maybe they were referred by established clients and those clients vouched for them (i.e. VERY close friends or family). I'm not about to vouch for anyone I don't know.

The way it works is you either go to their office and pick up the pesos and exchange dollars or I work with a few if you exchange enough dollars like $10,000 US they just deliver it to your place. The places I work with I don't have any fear/risk at all as I've worked with them for so long. And I typically don't have to hand over any actual cash as I already have an account with them and they are holding on to my dollars already. So it works almost like a savings account where I store money except of course they don't pay interest. But then again neither does my HSBC account and I MUCH rather trust private money exchange firms vs. Argentine banks.

 

[nikad]

If you need to exchange dollars here and do not have a reputable place I can refer you to one. What earlyretirement says is true and most places only work with people they know. Send me a PM and I will hook you up.

 

[redrum]

i also have a reputable place in micro centro that i've worked with for several years. PM me if interested.

 

[katti]

I got $6.60 last Monday (5/14) for the Euro and $5.10 for the dollar. Yesterday I got $5.70 for the dollar but did not check the euro price. Should be much higher...

euro was 7,1 yesterday...

 

[JLL]

I'm currently earning in Euros, and taking out pesos from my European bank account in the cash machine, paying 17 pesos each time, and using the official exchange rate.

Seeing the euro being 7.1, is there a more efficient way for me to use my euros?

 

[katti]

I'm currently earning in Euros, and taking out pesos from my European bank account in the cash machine, paying 17 pesos each time, and using the official exchange rate.

Seeing the euro being 7.1, is there a more efficient way for me to use my euros?

the best way is probably to bring euros and exchange them here...

 

[ArgentinaTravel.us]

Thanks for such a useful post. I guess we'll jsut take your word for it that you get such a great rate from your sources. Lucky you. LOL! BTW, changing $10K at time...

I work with established firms that I've been working with for years. Unfortunately, they AREN'T taking on new clients so I can't give them out as a referral source. I've received a few PM's but I'm afraid I can't help. Most of the major blue market firms stopped taking on new clients a while back unless maybe they were referred by established clients and those clients vouched for them (i.e. VERY close friends or family). I'm not about to vouch for anyone I don't know.

The way it works is you either go to their office and pick up the pesos and exchange dollars or I work with a few if you exchange enough dollars like $10,000 US they just deliver it to your place. The places I work with I don't have any fear/risk at all as I've worked with them for so long. And I typically don't have to hand over any actual cash as I already have an account with them and they are holding on to my dollars already. So it works almost like a savings account where I store money except of course they don't pay interest. But then again neither does my HSBC account and I MUCH rather trust private money exchange firms vs. Argentine banks.

 

[davonz]

Seeing the euro being 7.1, is there a more efficient way for me to use my euros?

Go for a trip to urugary and withdraw what you can. It will cost you 300 pesos in boat fare, but if you stay for 2 days, and can withdraw US$1000 a day, it will be more that worth it..