Blue rate drop

[TomAtAlki]

My memory tells me that the blue rate always goes up in Dec and then drops immediately after the first of the year.

is my memory correct?

Thanks. T/

 

[steveinbsas]

Past performance is not a great indicator of future results, especially regarding anything that goes up.

Just ask any married woman ;-).

PS: I think Perry's right. By March it is likely to be much higher. If it does drop a little in January, it won't stay down for long....

PS2: The blu rate (at least as reflected by Western Union), actually went down in December.

It was about $78 ARS at one point in November and in December it fell below $72 ARS .

As of yesterday, it was just over $73 ARS

 

[TomAtAlki]

I wasn't asking about the future, only about the past.

What do you remember?

T/

 

[steveinbsas]

Perhaps this website shows only the official rates, but it looks like there was very little upward movement in December of 2018 or downward movement in January of 2019. I don't know if or why the dolar blu would have varied much more during the same two month period.

Dólar Histórico Promedio del Año 2018

Consultar la cotización histórica del Año 2018 del precio del Dólar estadounidense en Argentina. Conversor histórico de pesos a dólares. Variación anual del dólar en 2018

www.cotizacion-dolar.com.ar

On December 3, 2018 the rates were $36,70/$38,73

On December 28, 2018 the rates were $36.96/$38/90

On January 31, 2019 the rates were $36.34/$38,27

 

[jeff1234]

This conversation prompted me to check the rate I'm getting with Schwab. After considering the refund of the ATM fee, this week I got only 58.62p per usd. Thats a big difference compared to what Western Unionion is giving.

I used to use Xoom but got fed up with the lines, the forms, the documents they wanted to see.

How much hassle is it to pick up money at Western Union?

By using a service like Western Union am I inviting trouble from AFIP?

 

[Joglide]

I wasn't asking about the future, only about the past.

What do you remember?

Blue Dollar Rates : Dólar Blue Informal Rate of US Dollar in Argentina | Blue Dollar Rates : Dolar Blue

Dólar Blue or Blue Dollar is the cost of buying and selling US Dollar in a cueva, or clandestine financial house in Argentina. Best price if you are buying or selling physical US dollar with no involvement of any government-sanctioned or licensed entity

bluedollar.net

gives you longer term historic movement of the blue rate

 

[Aloha Boy]

This conversation prompted me to check the rate I'm getting with Schwab. After considering the refund of the ATM fee, this week I got only 58.62p per usd. Thats a big difference compared to what Western Unionion is giving.

I used to use Xoom but got fed up with the lines, the forms, the documents they wanted to see.
How much hassle is it to pick up money at Western Union?
By using a service like Western Union am I inviting trouble from AFIP?

Wow, that's pretty crappy exchange with Schwab. No need for me to pursue that route anymore.

Yeah, Xoom/Paypal is rather annoying. And it has limits on the amount.

I tried testing out the WU website the other day. Technical issues with their online forms that prevented me from continuing. I need to give them a call.

 

[steveinbsas]

How much hassle is it to pick up money at Western Union?

There are many answers to this question in the thread about Western Union transfers started by oldgringo.

 

[steveinbsas]

By using a service like Western Union am I inviting trouble from AFIP?

I believe it depends on whether or not the funds are taxable "income" in Argentina and whether or not you declare it to AFIP and pay any applicable taxes...

...and whether or not they investigate you.