Flying Machine

1,86%
15,690
compra
15,840
venta
24/08/2015 - 16:04
fecha

Getting Closer to the September 2014 Historic High of $15.95

SoFlyOn

Of course opening a securities account will require residency, so probably not the easiest route to save a few bucks.

Xoom also has limitations on how much can be transferred monthly/yearly - and more personal information disclosure will be required for higher amounts [I'm not sure what the current triggers are, but a couple of years ago more than 5000 pesos/month required more personal information disclosure]. Xoom can and does ban people if they suspect that the individuals are using the service for anything other than personal (i.e. non-business use).

Flying Machine

Informal
1,33%
15,900
compra
16,050
venta
25/08/2015 - 12:04
fecha

New Historic High hit today! 72.9% Gap between Official and Blue Rates

For our Spanish/Castellano speaking friends: http://www.ambito.com/noticia.asp?id=804708

And a Google Translate of the same Ambito article:

The blue dollar exceeds $ 16 and reaches its highest value

The blue dollar soars 21 cents Tuesday and breaks the barrier of $ 16 as the average performing ambito.com caves.

The parallel operates at $ 16.05 and reached its highest historical value, exceeding the $ 15.95 last September. The exchange gap and stretches to 72.9%.

"The pressures on the peso continue to increase and concrete effects feared by the drop in soybean prices and contraction of its main import markets," said Rava Sociedad de Bolsa.

The blue climbed 29 cents yesterday and had accumulated over the past week an advance of 45 cents.

"An investor who has too many pesos, as always takes refuge in the dollar before the elections, which raises its price. In addition there are rumors in the market new controls to discourage casual purchase, then several rush to close deals by doubts, "said an agent of change.

Over the month, meanwhile, they will deflating purchases of dollar savings, limiting the offer in the parallel circuit (fewest transactions known in the jargon as "mash) and pushes up the marginal price. On Monday, the AFIP efectivizó operations for about $ s 19 million, much lower than those recorded in first 10 working days of August figure.

In addition, yesterday the dollar rose 7 cents Bag $ 13.29 and the "blue-chip" fell one cent to $ 13.51.

For its part, the official dollar rises half a cent to $ 9.285 in the main agencies and banks in the city of Buenos Aires.

The Central Bank yesterday had to sell about $ s 60 million to balance supply and demand in the wholesale market, and thus avoid a further rise in official dollar, which rose a penny to $ 9.28. Meanwhile, its reserves fell slightly to $ s 33.668 million (or $ s 5 million less than last Friday).

• The fluctuations of the gap

Since the government decided to implement the FX market, restricting the purchase of dollars, back in October 2011, the exchange rate gap between the official dollar and blue, showed distinct peaks product of the fluctuations in the price of parallel bill in response to issues political and economic.

When the October 31, 2011, the AFIP put into effect the system of permits for the purchase of currency, based on the financial position, the official dollar closed at $ 4.30 and ended at $ 4.488 illegal, which the gap amounted 4.37%.

Ten days of implementing the trap, the spread between the two prices climbed to 16.57%, with the official dollar down to $ 4.285 and blue with a rise of 11.5 cents to $ 4.995.

From June 2012, when the possibility of buying dollars to hoarding was removed, tightening the stocks, the gap was widening rapidly. By July 18, the official quoted at $ 4.58 and blue to $ 6.74, giving a toll of a gap which rose to 47.16%.

Financial speculation caves was also contributing to an increase in parallel exchange rate, while the government continued the policy microdevaluaciones officer. And in May 2013 the gap jumped to its highest since the establishment of the trap, reaching 100.2%, with the blue to $ 10.45 and $ 5.22 officer. In order to remove pressure on reserves, on 8 May the government launched laundering with the intention of attracting foreign exchange to the economy.

In late November of that year, he became president of the Central Bank, Juan Carlos Fabrega replacing Mercedes Marco del Pont. A week after starting to lead the destinies of the monetary authority, the gap stood at 48.58%, with the blue offered in the caves of the city to $ 9.16, while the official closed on December 2 to $ 6.165.

But the gap between the official rate and the illegal dollar shot up again on January 23, 2014, when the government implemented a sharp devaluation of the weight of more than 20%. That day, the official dollar closed at $ 8.01 and blue to $ 13.06, with a spread of 63.05%.

Given the imbalance that caused the unexpected devaluation in the real economy, on January 31, the government eased restrictions on some stocks and opened the tap by the so-called dollar savings to allow the possession and savings in foreign currency. That day, the official quoted at $ 8.025 and $ 12.65 to blue with a gap of 57.63%.

On April 9, the impact of the dollar savings are reflected in the gap dropped to 28.59%, with the blue offered at $ 10.30 and $ 8.01 officer.

But the differential grew in the following months. Since September 24, the blue hit a record high at $ 15.95, while the official ended at $ 8.01, making the gap jumped to 88.98%.

That situation Fábrega ejected to the Central Bank, and instead took Alejandro Vanoli who through some adjustments in macroeconomic policy dolarizadora managed to reduce fever. On 10 November, the blue closed at $ 12.65 and ended at $ 8.52 officer, leaving the gap in 48.47%.

The last day of 2014, the gap finished in 61.12%, when the official dollar closed at $ 8.565 and blue offered to $ 13.80.

This year, the gap was narrowing reaching the minimum level of 8 June 2015, when the officer ended at $ 9.03 and the parallel dollar to $ 12.62, leaving the spread between the two prices in 39.76 %.

But now, trembling in international markets and fears of a devaluation of the peso, raising the gap again, reaching 72.9% on Tuesday.

Flying Machine

INFORMAL
-0,89%
15,380
COMPRA
15,530
VENTA
28/08/2015 - 16:04
FECHA

Settled the week lower than than the historic high that was hit.

Flying Machine

INFORMAL
0,26%
15,360
compra
15,510
venta
01/09/2015 - 16:03
fecha

jason8612

Guess it's time for me to get down to BA for some steaks

pagotto

Just a note to share my positive experience at the Jewels store mentioned above. Rate was 15.1 today (versus 13 offered at my hotel). Seamless transaction in a secure room...

Flying Machine

Informal
0,77%
15,480
compra
15,630
venta
02/09/2015 - 14:46
fecha

Flying Machine

Nice to hear that it worked out well for you. Anyone else care to share their experience. Safe Travels to all..

HIDDY

Trouble is, like everything else they're twice the price they were the last time you came.

clipclop

A friend in Cordoba exchanged US$100 for ARS$1400, i.e., 1:14. It was good enough for me.

FlyingCow

Yesterday I was quoted - for the first time ever - the spread between Ben Franklins and lower denomination notes. The latter were taken at ARS 14.80 while the former yielded 50 cents more. Please note this is a single data point.

Gaucho100K

(wrong thread)

Gaucho100K

(wrong thread)

Flying Machine

Thanks for this information. Please share with the others at Cow Do how easy this process really is. That's 15.30 for US 100 Dollar Bills and small transactions (Yesterdays Quote was 15.51/15.66) Have fun in BsAs..