Changing currency in Buenos Aires
Hi, arriving into Buenos Aires on cruise ship next month on a Sunday and staying on for a few days. We have tried to buy Argentina Pesos here in UK but no one is selling. Any thoughts on the chances of being able to change cash into pesos when we arrive. thanks in advance |
Dont try and buy Pesos in europe . No one gives you a good rate . The GBP rate is 45/46 at the moment when you pay by credit card.
Brbg Dollars or Euros as GBP can be difficult to exchnage in Bs As. Not sure what the situation is at the crusie terminal . |
US dollar is king over here, while euros can also be exchanged quite easily. Pounds not likely except at the large bureaux de change in the financial district. As per its website, Banco Piano (one of the largest) is now selling GBP at 46.3 pesos, but their website doesn't show the buy rate.
There is a bureau de change at the cruise terminal but I'm guessing the rates will be quite bad, just like at airports. Not sure if it will be open on a Sunday, though. ATM/cashpoints are available pretty much everywhere throughout the city, including the cruise terminal. You could withdraw some pocket money from the ATM on Sunday and then proceed to the bureau de change on Monday morning. |
Thanks for the info. I’ll plan on taking USD’s, and try to change minimum amount on arrival. Out of interest, what rate can I expect to get for USD’s? thanks |
Originally Posted by zanderblue
(Post 30398692)
Thanks for the info. I’ll plan on taking USD’s, and try to change minimum amount on arrival. Out of interest, what rate can I expect to get for USD’s? thanks |
Originally Posted by zanderblue
(Post 30398692)
Out of interest, what rate can I expect to get for USD’s? thanks |
Heading to BA next week. Can I pay taxi with US dollars or credit card and just change money after I get to city at the bureau de change in the city?
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Originally Posted by localady
(Post 30472293)
Heading to BA next week. Can I pay taxi with US dollars or credit card and just change money after I get to city at the bureau de change in the city?
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Thanks Eastbay1K
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Originally Posted by Marambio
(Post 30396210)
There is a bureau de change at the cruise terminal but I'm guessing the rates will be quite bad, just like at airports.
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Originally Posted by keisari
(Post 30488459)
Back in the day, Banco de la Nacion at EZE airport used to have the best and safest exchange rates with pretty much guarantee that you will not get fake pesos. Is that not the case any more?
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The best rates i've ever seen were in tourism agencies (with no currency signs) around Florida street, sometimes they mask for old coins shop. But you need to ask in Spanish (ask every man who is shouting «Cambio») and do some research about today's rate brackets (sell/buy). USD 100 & 50 bills are more expensive than smaller ones.
And even changing small amount right on the street was not a problem (no fake bills, etc.), except lower rate (agreed beforehand) after 6 pm or on weekends. ATM rate (not counting extortionate local fees), i.e. pure MasterCard USD/ARS 0% fee rate could be the same, but sometimes up to 5-6% worse (than for cash). Another good reference is exchange rates in for Encarnación and CDE in Paraguay, not legally bound to Argentine laws. Verified last time June 2018. |
Originally Posted by keisari
(Post 30488459)
Back in the day, Banco de la Nacion at EZE airport used to have the best and safest exchange rates with pretty much guarantee that you will not get fake pesos. Is that not the case any more?
It's still at EZE but tucked back at the end of a hallway and somewhat hard to find. Expect lines around the times that flights from the USA arrive. |
I'm flying into EZE in a few days. What will be the best way to obtain Pesos: trade crisp US dollar notes or use an ATM? Where?
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If you need csh at the airport Banco Nacion is the best option . location described in post a ove your own.
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Are there ATMs at EZE and AEP that will accept USA cards? That is my preferred method of exchange.
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Originally Posted by Boraxo
(Post 31350039)
Are there ATMs at EZE and AEP that will accept USA cards? That is my preferred method of exchange.
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Originally Posted by mzb00
(Post 31354118)
Yes there are but you should be aware of withdrawal limits and fees at ATMs in thread. More info on this thread
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There are ATMs at both airports. Keep in mind that ATMs in Argentina tend to charge high fees - this doesn't bother me, as I have a Schwab debit card that reimburses me at the end of the month, but it should be noted for those who don't.
That said, I'd recommend bringing a couple of hundred USD in cash, just in case. Sometimes the ATMs don't work; sometimes they're out of cash... I actually have had more problems with the machines at EZE than I have with random bank branch ATMs located on city streets. Probably because the airport ATMs are used a lot by people stocking up on pesos when arriving in the country, and the banks don't fill them enough. |
Thanks, I have a Fidelity card and Chase PB card that rebate all fees and charges 0% forex. However I may skip the airport l ATMs due to the local withdrawal limits.
And yes, I was once advised to carry USD $1000 because "that can get you out of any situation." I don't actually carry $1k, but I like to travel with a few $100 bills which I normally keep in the hotel safe. |
When I was there two months ago my hotel, the Park Hyatt, wouldn't change US Dollars into Pesos but they would allow you to do a cash advance. I walked two blocks away to the Alvear Palace Hotel who had no trouble changing my greenbacks for the local.
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How is the rate at the hotels compared to the formal rate?
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Hotel rates usually apply a hefty spread, especially at times like this when the Peso is in the middle of a bloodbath. Depending on how much cash you need to trade, its probably not worth investing a lot of time from your vacation on getting the best possible rate, but that is a very personal decision. Going to one of the official exchange bureaus will get you a better rate.
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I have found that ATM rates sometimes take a couple of days to catch up. This happened to me when the Brexit vote results were announced - I took out cash the next day but was still charged the older rate. YMMV.
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Originally Posted by Boraxo
(Post 31412293)
I have found that ATM rates sometimes take a couple of days to catch up. This happened to me when the Brexit vote results were announced - I took out cash the next day but was still charged the older rate. YMMV.
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We are heading down at the end of the month -- what is my best approach?
I have a Schwab card that will let me pull out of local machines (and re-pay the fee) and can also bring some quantity of hard US dollars. Trying to figure out the best approach (will be there for 6 days/night with stops in Bariloche and Mendoza for skiing/wine tasting) |
Originally Posted by Duke787
(Post 31416647)
We are heading down at the end of the month -- what is my best approach?
I have a Schwab card that will let me pull out of local machines (and re-pay the fee) and can also bring some quantity of hard US dollars. Trying to figure out the best approach (will be there for 6 days/night with stops in Bariloche and Mendoza for skiing/wine tasting) |
Originally Posted by Eastbay1K
(Post 31412675)
Visa rate now is 56.198182 Yesterday was $45-something.
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Originally Posted by Duke787
(Post 31416647)
We are heading down at the end of the month -- what is my best approach?
I have a Schwab card that will let me pull out of local machines (and re-pay the fee) and can also bring some quantity of hard US dollars. Trying to figure out the best approach (will be there for 6 days/night with stops in Bariloche and Mendoza for skiing/wine tasting) |
Originally Posted by Duke787
(Post 31416647)
We are heading down at the end of the month -- what is my best approach?
I have a Schwab card that will let me pull out of local machines (and re-pay the fee) and can also bring some quantity of hard US dollars. Trying to figure out the best approach (will be there for 6 days/night with stops in Bariloche and Mendoza for skiing/wine tasting) |
Originally Posted by Duke787
(Post 31416647)
We are heading down at the end of the month -- what is my best approach?
I have a Schwab card that will let me pull out of local machines (and re-pay the fee) and can also bring some quantity of hard US dollars. Trying to figure out the best approach (will be there for 6 days/night with stops in Bariloche and Mendoza for skiing/wine tasting) |
Don’t forget there is the Banco Nación Branch at EZE, where you can exchange your Dollars, Euros and Sterling for Pesos. |
Originally Posted by Boraxo
(Post 31421238)
I was just there for a week. I took out 12,000 pesos from the ATMs and didn't even need half of that amount. I was able to use my visa and mastercard everywhere though in BA many merchants will ask for ID (and would not accept photocopies). So I really only used cash for restaurant tips and taxis. Both are dirt cheap by US standards so not much cash needed. And you can mostly rely on Uber around BA.
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Originally Posted by MSPeconomist
(Post 31441663)
My USA passport card has worked for me as ID in such situations. I don't like to carry the passport book if it's not required.
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Originally Posted by M60_to_LGA
(Post 31445258)
I never carry my passport with me if I don't absolutely have to. On the rare occasion I'm asked for ID, I just show my driver's license. This is really just a bureaucratic formality that pops up sometimes in Latin America, but 99% of the time, the person asking for ID doesn't really care what you present. They just want to note down a number to tick off a box. If it looks official and has your picture on it, you're fine.
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Argentine law requires merchants to check the buyer's identity when processing credit and debit card payments. This is usually enforced in larger stores (supermarkets, retail, etc.) and very rarely in restaurants. They don't really need a specific type of ID (the law doesn't state it) -- anything that is government-issued, is written using the Roman alphabet and has a picture on it will do.
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Originally Posted by Eastbay1K
(Post 31417571)
... I'd expect things to be relatively stable until the next election day, i.e., no cash freezes, no 33% devaluations in a day, etc. But then, who knows...
For visitors, the bottom line is that regardless of who wins Argentina will continue to be a very attractive tourist destination as the value for anybody doing their math in hard currency will be very attractive. |
Election is on the 27th October but if a run off is required a further vote will be held on the 24th November. Winner needs a either 45% of overall vote or 40% if 10% above nearest rival in the first vote.
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