Dollar $11,65 Pesos Unstoppable Tommorow Over $12 ?

The blue dollar rate curve is parabolic and soon will have a stampede of buyers, the Ceiling for now is Venezuela's rate 1:4. So we can look at a $20 peso dollar this year......!!!
10? I was thinking more like 100, if not 1000.
By the end of the year a dollar will be worth +/- 18 pesos. Write it down and come back to this thread then ;)

Note these posts were made around one year ago. BAexpat peso projections are notoriously bad...
 
Say, folks a question for you all > If a foreigner wants to bring a large amount of US greens, where to stash the dough
so to make the adequate "timing" cambios en la calle Florida>? One can not put the Dollars in the banks right?

Perhaps giveth to a one famous attorney to hold it for you ? Or is there another better ways ? 'cause me thinking to making the plunge there muy pronto and have to enhance my gringo dinero to benefit in harvesting the more AR pesos.

Open a bank account there in UR and do the repeated runs acroos the water.? Or just use the Xoom services?
Any one with any sort of helping hand amongst the BAexpats? Anyone?

There are places that will have you transfer your USD to an acct of theirs and then pay you the USD here. I'm sure it's been discussed before and with people who have actual experience doing the transaction -- I'm not your best source in that I do not have personal experience.
 
Señor Ambassador, you have two different issues with having/getting money here.

I can't really speak to purchasing real estate here - if you are here as a retiree you may not have some of the complications that a lot of others have in proving origin of funds, paying taxes on the money, etc.

You may have few to no problems if you are talking about bringing in monthly retirement payments as well. I'm not sure about that, not being retired and my residency being based on my marriage to an Argentine resident.

But as far as anything over and above your monthly retirement stipend (what officially comes in to Argentina), there's only one real way to get the money in here without paying through the nose or bringing it in (either yourself or someone you know): black market. That may consist of knowing a cueva - black market cambios, or white market guys who also work in the black market. Usually these places trade in currencies and bonds and such at the level where they will do transfers from outside the country. As mentioned by someone else, you wire money to them in an account outside the country and they give you dollars (or euros, or maybe even reais), or pesos at a good exchange rate. They charge a fee - in good times maybe 1%, now a lot of places seem to be charging around 4%, with a minimum of something like $100 USD fee. So the good exchange rate isn't all that good when you get finished, but you can get large chunks of money down here, and better than Xoom or other commercial places. Not to mention places like Xoom take your personal information and AFIP could become an issue - the cuevas don't "know" who you are.

Or, you can find a local business or person that has a need to get their/its money out of the country. This is similar to a cueva except it's a deal between friends/individuals. If they have dollars (I know some places and people that buy dollars with the pesos they earn so it doesn't lose value) and then make a deal like this where you would send a wire to their bank account and they give you the money here. Or, if they want to go direct from pesos to dollars in their overseas account, you usually split the buy/sell price on a pre-determined website that tracks the blue dollar and they give you your pesos here.

It takes some time to find these methods usually. Obviously, working in the black market can be problematic and these people don't just advertise on the street, but rather by word of mouth.
 
Does anyone know why the sudden surge of activity in the blue market?

It hit $13 in January the fell like a rock after they lifted the cepo a little bit, and stayed around around $10 for months with very little fluctuations. Then all of a sudden, its spiking. What is happening? I don't get it.

Is this what's causing it?
They announce that the BC is printing a 100 million pesos. This is enough to make the blue rise.
The parity now is 12.75 (pesos divided on the usd the CB has).

If so how?
 
Does anyone know why the sudden surge of activity in the blue market?

It hit $13 in January the fell like a rock after they lifted the cepo a little bit, and stayed around around $10 for months with very little fluctuations. Then all of a sudden, its spiking. What is happening? I don't get it.

Is this what's causing it?


If so how?

It has been explained well on this site: has to do with the liquidation of soy exports (likely one of the main reasons)
 
The farmers that sold the soy beans, want to buy dollars since it was at a low price!!
 
The farmers that sold the soy beans, want to buy dollars since it was at a low price!!

NOW we are getting down to real world explanations. If I understand you correctly -

I'm a soy farmer. I sell my crop for pesos. I pay off my debts, and then I have a chunk of money. I don't want to hold that in pesos, because inflation will cause my chunk to lose value. So I trade my pesos for dollars, thinking they will hold their value better. This creates demand for dollars, so the blue goes up.

How is that?

My point being that real economics can be understood in real world terms. Deliberate obfuscation of the issue serves only to hide the machinations of the speculators, and to persuade everyday people that economics is too complex for them to understand.
 
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