End of the Dollar Clamp - Tourist Experience discussion
#16
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So with no premium for exchanging cash USD/EUR etc, hotels have instantly become much more expensive? If the restaurants raise their prices (following the domestic increases in the prices of beef and other commodities), then eating out for tourists will be hit with a double whammy - one on account of the higher prices per se and the other due to the worse exchange rate.
Do I see that right?
Do I see that right?
Maybe you should consider vacationing in Brazil instead
#17
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#18
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Agreed. As a tourist this is great news. Now no need to bring lots of USD and no stress ofbfindong legit places to convert. If prices rise in the long run that's a different story, but I'm now less stressed about my trip to BA next week.
#19
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By that measure it's worse for tourists.
A stay at the Park Hyatt in January is U$S 540. Yesterday I could have paid U$S 378 with the blue. Today it's $540.
#20
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This is not entirely true - hotels are priced in USD. They had to accept payment in pesos at the official rate, so the smart tourist could exchange at the blue rate and pay at the official rate saving themselves 40% or more. With no more blue, those rates are effectively more expensive.
By that measure it's worse for tourists.
By that measure it's worse for tourists.
True. But when the new higher hotel rates start to deter tourists from coming to BA, the hotel industry will be left with empty rooms. Which means lost income. Which may result in hotels actually lowering room rates to attract tourists back.
#21
Join Date: Mar 2005
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Today
Buy: 1 USD = 13.75 ARS
Sell: 1 USD = 13.95 USD
Prices should go up quite soon, probably as of next month. There will also be rises in public utility bills (which in Buenos Aires are still extremely subsidised - my natural gas bill is 3 USD per month) and that will necessarily impact on prices as well.
That said, probably by March or so prices should stabilise.
I was on the phone with Amex Argentina yesterday on another subject and they told me the new conversion rate will reflect on anything bought from today onwards.
Buy: 1 USD = 13.75 ARS
Sell: 1 USD = 13.95 USD
Prices should go up quite soon, probably as of next month. There will also be rises in public utility bills (which in Buenos Aires are still extremely subsidised - my natural gas bill is 3 USD per month) and that will necessarily impact on prices as well.
That said, probably by March or so prices should stabilise.
I was on the phone with Amex Argentina yesterday on another subject and they told me the new conversion rate will reflect on anything bought from today onwards.
#22
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#23
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The government is meeting with industries next month in order to create a plan to stop prices from going up (probably through tax breaks).
#24
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Most industry supplies here are imported. Even if the product is Industria Argentina the machines that manufacture it are most of the time from abroad and any spare part is imported. A more expensive dollar impacts on prices in the first link of the supply chain.
The government is meeting with industries next month in order to create a plan to stop prices from going up (probably through tax breaks).
The government is meeting with industries next month in order to create a plan to stop prices from going up (probably through tax breaks).
#26
Join Date: Aug 2008
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And yes, the thought of indulging at a Brazilian churrascaria the next time I need a meat fix, did cross my mind
I better go brush up my non-existent Portuguese!
This is not entirely true - hotels are priced in USD. They had to accept payment in pesos at the official rate, so the smart tourist could exchange at the blue rate and pay at the official rate saving themselves 40% or more. With no more blue, those rates are effectively more expensive.
By that measure it's worse for tourists.
A stay at the Park Hyatt in January is U$S 540. Yesterday I could have paid U$S 378 with the blue. Today it's $540.
By that measure it's worse for tourists.
A stay at the Park Hyatt in January is U$S 540. Yesterday I could have paid U$S 378 with the blue. Today it's $540.
Last edited by shonamac; Dec 17, 2015 at 10:52 pm
#27
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You pay 50% more for your hotels now compared to Dolar Blue discount.
#28
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#29
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Hopefully the new government is able to reign in inflation, but at this point, no one knows for sure.
#30
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Having talked to someone this morning who is in the computer and electronics industry it would seem that the goods mostly affected by recent price hikes due to the recent devaluation have been those which are imported.
He reckons it'll be a few weeks before things settle down and prices of those imported items may well come back down.
Which would indicate there shouldn't be any large increase in hotel rates.
He reckons it'll be a few weeks before things settle down and prices of those imported items may well come back down.
Which would indicate there shouldn't be any large increase in hotel rates.