I Need Advice For Buying Dollars.

[nlaruccia]

There's your problem right there! You're looking for logic. Stop it right now! It will only lead to frustration, depression and /or more insanity.

Foreigners move to Buenos Aires, or tourists visit, and they can't comprehend that there's no logic here. Once they understand that fact only then will they be able to co-exist here. Otherwise they'll live in constant frustration. Of course it's ridiculous that you can't dump your pesos before returning to your home country. It's Argentina. It is what it is. I think it's because down here in the Southern Hemisphere we're upside down and everything must work in reverse order.

 

[Rich One]

Foreigners move to Buenos Aires, or tourists visit, and they can't comprehend that there's no logic here. Once they understand that fact only then will they be able to co-exist here. Otherwise they'll live in constant frustration. Of course it's ridiculous that you can't dump your pesos before returning to your home country. It's Argentina. It is what it is. I think it's because down here in the Southern Hemisphere we're upside down and everything must work in reverse order.

tourists should cash only what they may need in pesos, if they end up with pesos, buy some leather goods or a nice purse...!

 

[pclove]

I did speak to a local branch of Wells Fargo in Minnesota. I told the lady every detail, and she said I had to open an account if I didn't have one. Then the exchange transaction would be attached to my account/name/ss# and would only take a day to verify the bills.

I also was very specific in telling her about the economic "situation" here and she already knew, but Wells Fargo doesn't [give a f*&k] care. She said that they have many branches that often times need various foreign currency, so they hold onto it until they can sell it at profit.

I also mentioned the amount would be about $9500 worth of pesos at the int'l market rate ($5.4) but she told me to look at their website for the current rate, and I did. It said today's (sell) rate is $4.80. I can only imagine the buy rate would be like $6-7.00.

Here's the link to check yourself:

https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

Thanks for all the input.

 

[AmigoArtistico]

...I can only imagine the buy rate would be like $6-7.00...

Well, at least you have hard facts on the rate Wells Fargo will pay you, when you're back in the states with your pesos.

I wish you the best of luck. I'm very sure you're going to need it.

 

[pclove]

Well, at least you have hard facts on the rate Wells Fargo will pay you, when you're back in the states with your pesos.

I was left to speculate since no human would tell me the rate. I was constantly referred to the rate conversion page.

And save your sarcasm for some other idiot.

 

[Sleuth]

Well, at least you have hard facts on the rate Wells Fargo will pay you, when you're back in the states with your pesos.

I wish you the best of luck. I'm very sure you're going to need it.

Yeah, I'd suggest you call back and talk to someone else.

 

[dennisr]

The Argentine peso (ARS) is a non-convertible currency, not traded on the Forex Markets anywhere. There is no market where Wells Fargo can unload your pesos. Someone in Minnesota did not get the memo on the ARS.
http://service.nordea.com/nordea-openpages/fi/lists/currency/nonConvertibleExchangeRateFI.action?language=en

 

[syngirl]

I also mentioned the amount would be about $9500 worth of pesos at the int'l market rate ($5.4) but she told me to look at their website for the current rate, and I did. It said today's (sell) rate is $4.80. I can only imagine the buy rate would be like $6-7.00.

Cuidado! What you imagine and what is true may be two extremely different things. When I was in Canada in July 2012 I called various banks and exchanges, and 12 months ago I was LAUGHED AT -- they did not want Argentine Pesos even then, one year ago. A friend of mine was told that they would buy his pesos at Toronto Pearson -- over the phone he was told up to 10k, I told him do not be happy with that answer -- you need to call them 48-72hrs before you arrive and make sure that they will indeed take your pesos, what they tell you over the phone and what actually will go down is two different things. He called back before he left, no they won't take them, called again, no thanks, finally he got someone who said they would buy 2000 pesos worth. When he got to Toronto, no -- at the airport they said they would take 500. It took him calling around for weeks to dump his pesos, he would have been better off cashing out on the black market here. This was also in May 2012. The peso is even worse now, just be aware that you might not be able to get rid of them so easily outside the country -- half the south american countries don't even want to deal with them anymore!

 

[pclove]

Funny list is that. Covers L.A., Africa...well, everywhere that's not US & EUR.

Ni en pedo would I go there without concrete proof that I could dumb these garbage bills.

From all the energy I've spent in the past few days searching for a solution, I might as well take my ass down the peatonal and buy at $7.50.

Word is...that by the end of the year, it'll be to $12...of course, more speculation.

 

[AmigoArtistico]

I was left to speculate since no human would tell me the rate. I was constantly referred to the rate conversion page.

And save your sarcasm for some other idiot.

Why save it for some other idiot?