End of the Dollar Clamp - Tourist Experience discussion
Mar 1, 2016, 11:55 pm
#107
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BTW, today's rate is over 16, with this headline in La Nación "Suben las tasas y sacrifican más reservas para frenar el dólar, que superó los $ 16" History shows that trying to defend an indefensible currency against the market does not end well. Just ask John Major.
Mar 2, 2016, 7:44 am
#108
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Join Date: Aug 2006
Location: Argentina
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In my experience prices of everything went up even more than usual after the election...probably through fear of the unknown than anything else.
Not enough time has passed to know if they've stabilised yet. As for restaurant prices I don't know. We've given up eating out as the quality doesn't match the prices they charge.
The soya crop is still in the ground however we sold some cattle last week and got the same price per kilo as we got last year.
Not enough time has passed to know if they've stabilised yet. As for restaurant prices I don't know. We've given up eating out as the quality doesn't match the prices they charge.
The soya crop is still in the ground however we sold some cattle last week and got the same price per kilo as we got last year.
Mar 2, 2016, 12:22 pm
#109
Join Date: May 2004
Posts: 2,660
As the last few posts have focused a little more on inflation, I'll point out that I recently received my first electric bill under new tariffs.
The base rate is literally 4x what it was prior, and the existing subsidy in peso terms is either the same or less. So I think it's not out of line to suppose that a 400% increase in final electric cost is going to have some ripples beyond just the household electric bill.
Any business that relies heavily on electricity (stores with lots of refrigeration/freezing, shopping places that are expected to keep aire blasting all the time...) seems like it's going to have another inflationary impact distinct from just the cost of goods sold. Unless I'm overlooking something...
The base rate is literally 4x what it was prior, and the existing subsidy in peso terms is either the same or less. So I think it's not out of line to suppose that a 400% increase in final electric cost is going to have some ripples beyond just the household electric bill.
Any business that relies heavily on electricity (stores with lots of refrigeration/freezing, shopping places that are expected to keep aire blasting all the time...) seems like it's going to have another inflationary impact distinct from just the cost of goods sold. Unless I'm overlooking something...
Mar 2, 2016, 12:43 pm
#110
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Any business that relies heavily on electricity (stores with lots of refrigeration/freezing, shopping places that are expected to keep aire blasting all the time...) seems like it's going to have another inflationary impact distinct from just the cost of goods sold. Unless I'm overlooking something...
Apr 26, 2016, 7:34 pm
#111
Join Date: Nov 2008
Location: Portland, Oregon, USA
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Leaving for visit #3 to BA in a couple weeks. Prior visits under former regime, relied on blue dollar exchange after arrival. Just read the last couple pages of this thread. Considering new official rate better reflects fmv, any reason not to do the exchange before I leave USA? Thx....and OT for local food wonks: any new and wonderful restaurants open in the last 18 mos or so? PM me, please.
Apr 27, 2016, 6:56 am
#112
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use an ATM on arrival
There is no reason for you to do the exchange in the US, unless you want to get a horrible exchange rate almost as bad as the official vs. the Blue rate when that was still around.
If you need some quick Pesos upon arrival, just use your ATM Card. Even if you get hit with fees, the exchange rate will be better than what you get in the States. Have you checked with your Bank to get the details of what sort of rate they will give you...? In my experience, the foreign currency delivery services that most banks offer in the US are no bargain, you usually get taken to the cleaners with the conversion rate and some banks add a service fee to cover the delivery costs, etc.
If you need some quick Pesos upon arrival, just use your ATM Card. Even if you get hit with fees, the exchange rate will be better than what you get in the States. Have you checked with your Bank to get the details of what sort of rate they will give you...? In my experience, the foreign currency delivery services that most banks offer in the US are no bargain, you usually get taken to the cleaners with the conversion rate and some banks add a service fee to cover the delivery costs, etc.
Leaving for visit #3 to BA in a couple weeks. Prior visits under former regime, relied on blue dollar exchange after arrival. Just read the last couple pages of this thread. Considering new official rate better reflects fmv, any reason not to do the exchange before I leave USA? Thx....and OT for local food wonks: any new and wonderful restaurants open in the last 18 mos or so? PM me, please.
Apr 27, 2016, 10:40 am
#113
Join Date: Mar 2015
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Earlier this month I converted, at the official rate at EZE, enough US$ to get into the city. That afternoon I stopped by my favorite exchange spot and got a better rate. Although certainly not the spread that previously existed, I considered the difference worth the extra effort.
Apr 27, 2016, 11:20 am
#114
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There is no reason for you to do the exchange in the US, unless you want to get a horrible exchange rate almost as bad as the official vs. the Blue rate when that was still around.
If you need some quick Pesos upon arrival, just use your ATM Card. Even if you get hit with fees, the exchange rate will be better than what you get in the States. Have you checked with your Bank to get the details of what sort of rate they will give you...? In my experience, the foreign currency delivery services that most banks offer in the US are no bargain, you usually get taken to the cleaners with the conversion rate and some banks add a service fee to cover the delivery costs, etc.
If you need some quick Pesos upon arrival, just use your ATM Card. Even if you get hit with fees, the exchange rate will be better than what you get in the States. Have you checked with your Bank to get the details of what sort of rate they will give you...? In my experience, the foreign currency delivery services that most banks offer in the US are no bargain, you usually get taken to the cleaners with the conversion rate and some banks add a service fee to cover the delivery costs, etc.
Apr 29, 2016, 11:08 pm
#116
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Apr 30, 2016, 5:19 am
#118
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Apr 30, 2016, 8:57 am
#119
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May 9, 2016, 9:06 am
#120
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I'm down in BA for the first time in a couple years. Still brought US$ cash with me out of reflex, but it's so nice to be able to use my credit cards again! As mentioned earlier, inflation has hit hard. Over the last 12 years of coming here, food prices and hard goods seem more expensive in dollar terms than I've ever seen them before.
And... Uber is here! time rolls on..
And... Uber is here! time rolls on..