Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 10-18-2013, 12:28 PM   #21
Recycles dryer sheets
Join Date: Apr 2007
Posts: 192
This may be a bit too late for OP, but don't use an ATM card or credit card in Argentina if you can avoid it. Argentina has two exchange rates, an official one and an unofficial one (blue dollar rate). The blue dollar rate is approximately DOUBLE the official one (current pesos/dollar is 9.8 blue rate vs. 5.5 official rate), so it's worth the effort to figure out how to get money exchanged at the blue rate.

If you use your credit card or ATM, you get the official rate. If you exchange cash at a bank, you get the official rate. If, however, you buy Argentinian pesos in Uruguay, you can actually do better than the blue rate. You can also look into unofficial money changers, but that's kinda shady. I found that the best way to do this was to ask around at travel agencies - most will change money at something close to the blue rate, but all the unofficial routes will require that you have US paper currency on hand - and if you already started your trip (as the OP probably has), you're out the luck.

However, there is one final option, which is actually probably the best. That is to use Xoom. It's like a Western Union with pickup locations in Buenos Aires, except you can pay with your credit card in US dollars and pickup in Argentinian Pesos, at an exchange rate that usually matches the blue dollar rate.

Good luck!

skyline is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 06:44 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.