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zanderblue Nov 4, 2018 2:51 am

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

malagajohn Nov 4, 2018 6:28 am

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 .

Marambio Nov 5, 2018 11:50 am

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.

zanderblue Nov 6, 2018 1:35 am

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

britenbsas Nov 6, 2018 3:48 am


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

Today, about $34.50 per dollar. When you arrive in a month's time...who knows?!

abeyro Nov 9, 2018 11:18 pm


Originally Posted by zanderblue (Post 30398692)
Out of interest, what rate can I expect to get for USD’s?

thanks

In a month time, you check this site: Mercados - Ambito.com

localady Nov 27, 2018 10:52 am

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?

Eastbay1K Nov 27, 2018 11:00 am


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?

You can pay for your fixed price taxi into the city with a credit card. Use one of the booths just past customs inspection (you will pass through a door) but before you pass through the next door. There will be several to choose from.

localady Nov 27, 2018 11:07 am

Thanks Eastbay1K

keisari Dec 1, 2018 3:23 pm


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.

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?

Eastbay1K Dec 1, 2018 4:22 pm


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?

The simple fact now is that without a meaningful Dolar Blue, the ATMs (if you're not subject to fees or have them reimbursed) give approximately the same rate.

Sves Dec 14, 2018 6:20 am

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.

MSPeconomist Dec 14, 2018 6:26 am


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.

darthbimmer Dec 20, 2018 6:22 pm

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?

malagajohn Dec 22, 2018 4:36 am

If you need csh at the airport Banco Nacion is the best option . location described in post a ove your own.

Boraxo Jul 27, 2019 8:42 pm

Are there ATMs at EZE and AEP that will accept USA cards? That is my preferred method of exchange.

mzb00 Jul 29, 2019 7:01 am


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.

Yes there are but you should be aware of withdrawal limits and fees at ATMs in thread. More info on this thread

Boraxo Jul 29, 2019 9:23 am


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

yes I saw that. My plans have now changed, and I will be heading directly into downtown VA on a weekday. So I expect to have no difficulty finding a Banco nacional now or Galicia ATM

M60_to_LGA Jul 29, 2019 9:27 am

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.

Boraxo Jul 29, 2019 9:39 am

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.

CMK10 Aug 4, 2019 11:47 am

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.

fanger Aug 12, 2019 6:02 pm

How is the rate at the hotels compared to the formal rate?

Gaucho100K Aug 13, 2019 12:22 pm

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.

Boraxo Aug 13, 2019 12:54 pm

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.

Eastbay1K Aug 13, 2019 2:40 pm


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.

Visa rate now is 56.198182 Yesterday was $45-something.

Duke787 Aug 14, 2019 2:20 pm

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)

OskiBear Aug 14, 2019 3:22 pm


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)

I usually bring a few hundred USD but primarily charge whatever I'm able (restaurants, hotel, remis). I try not to go overboard on the cash exchange because I don't want ARS lingering after a trip. Even if I know that I'll be back within a few months, it's pretty risky to have too much ARS on hand. I really only use ARS for taxis and small purchases with fair vendors, mini-marts, etc. It's really not that hard to get USD exchanged for ARS throughout the cities, so no need to exchange a huge amount at one time. Plus, the amount I exchange is tiny so I don't lose any sleep over not getting the absolute best rate.

Flying Machine Aug 14, 2019 7:13 pm


Originally Posted by Eastbay1K (Post 31412675)
Visa rate now is 56.198182 Yesterday was $45-something.

I find at Banco Galicia (where I normally exchange via ATM, my bank waives all fees) that if you go before the afternoon closing you get the rate of the day prior. However, if you go in the early evening once the machines are refilled you’ll get the rate of the current day..

Eastbay1K Aug 14, 2019 8:16 pm


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)

I would just keep a couple of days local currency on hand, and at least enough to get you out of any "jam" where some businesses credit card machine is "temporarily not available." 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. I've still got a handful of $44 pesos to spend when I get there next time. Fortunately, not too many.

Gaucho100K Aug 15, 2019 3:56 pm


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)

What dates are you in Buenos Aires....?

Boraxo Aug 15, 2019 7:04 pm


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)

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.

Gaucho100K Aug 17, 2019 4:43 am

Don’t forget there is the Banco Nación Branch at EZE, where you can exchange your Dollars, Euros and Sterling for Pesos.

MSPeconomist Aug 21, 2019 4:24 pm


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.

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.

M60_to_LGA Aug 22, 2019 2:48 pm


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.

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.

Boraxo Aug 22, 2019 2:54 pm


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.

Normally I would carry my drivers license but in BA and Rio I was advised to leave my wallet in the safe and just carry a money clip with cash and a couple of credit cards. I had no trouble using my California DL when asked for ID in Buenos Aires. But maybe it is time to start carrying my passport card - which can also be used to meet the TSA 2020 real ID requirements.

Marambio Aug 23, 2019 1:10 pm

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.

MaxVO Aug 24, 2019 11:24 pm


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...

When is that election? Any speculation what might happen afterwards?

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.

flapland Aug 25, 2019 6:46 am

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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