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Dolar exchange

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Belo Horizonte, MG
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Dolar exchange

Hello all,

Since the Argentinan exchange system is going beserk, do anyone know where to exchange money in Ushuaia in the Dollar Blue rate?

regards

Marco

Lunenburg, Canada
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for Saint John, Foz do Iguacu, Iguazu National Park
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1. Re: Dolar exchange

Bom dia, Marco!

My information is current as of February.

In Ushuaia, we could not find anyone willing to change money on the black market. It's not like Buenos Aires, where human banking machines work on every street corner shouting "Cambio!" Change money!

We saw cruise ship passengers shopping in the stores of Ushuaia, spending their US dollars at the government-mandated official rate. We saw no obvious signs that anyone was willing to offer a deal on the black market or even a special price for purchases in US dollars. I suspect that in the close knit business fraternity of Ushuaia, no one wants to be seen spoiling things for themselves and everyone else by starting a price war, one that would mean everyone makes less money. Besides, it's supposed to be illegal.

My info is from February. As inflation gallops on and the official government exchange rate looks even more ridiculous, perhaps human nature will eventually prevail. Also, public speculation is growing that the government will be forced to reduce the official rate. Of course, that means that anyone holding Argentine Pesos will become more anxious to get rid of them for dollars before the devaluation. We don't know what will happen. The President has vowed that Argentina will not devalue during her term, but people recognize this kind of talk as the sort of famous last words that precede devaluations.

Best wishes, and bring dollars!

David

Belo Horizonte, MG
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2. Re: Dolar exchange

Tks David.

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3. Re: Dolar exchange

Hi David,

Do you know if it's still possible to get US dollars

from ATM's in Uruguay? If so, is there a limit you can get in a day? Thanks!

Lunenburg, Canada
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for Saint John, Foz do Iguacu, Iguazu National Park
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4. Re: Dolar exchange

In Uruguay? Yes, and if not in a banking machine, you should have no problem in a bank. Bring your passport.

US Dollars are freely traded in Uruguay, and we frequently saw prices posted in Uruguayan Pesos, Argentine Pesos (at a pathetic rate) and US Dollars, all in the same store. Even the toll bridge to Gualeguaychu, Argentina had the toll posted in all three. The conversion rate between Uruguayan Pesos and US Dollars resembled the internationally traded rate.

In you're in Argentina, I know of no way a tourist can get dollars. It's unlawful for a bank to casually sell you any, and I'd be highly surprised if even the Cambio man on the corner would sell them to you at any price (although you can be sure he'll happily buy all he can get!). Banking machines in Argentina still display the US Dollar option, but when you press the button, it will say that this function is not currently available (which is an understatement!).

If you're heading for Tierra del Fuego and your supply of dollars has run out, Punta Arenas in Chile will sell you some at the bank. In most of Patagonia, though, getting the dollars is only half the battle. You then need a human banking machine to exchange them for Argentine Pesos at the real rate. In Ushuaia (and my information is current as of February) we found that to be the hard part.

David

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5. Re: Dolar exchange

Thanks for your thorough reply. It seems like you have plenty of experience with this topic. It looks like I will be going to Uruguay! The exchange rate here in Argentina is eating me alive :p

Buenos Aires...
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6. Re: Dolar exchange

You can of course buy dollars here in Argentina, but they will be offered at the blue rate. In any event, I don't thing Minmay6 wants to buy Dollars, I think he/she wants to sell Dollars at the blue rate. To answer the question, yes, Uruguay ATMs will give you dollars. The daily limit will depend on your banking card limit more than on a limit placed by the local bank... but as pointed out, aside from a machine limit most banks will also give you cash if you approach a teller with your passport and debit card.

Belo Horizonte, MG
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7. Re: Dolar exchange

HI all, been there and the best place to exchange was the casino at Augusto Lassere and San Martin

Brussels, Belgium
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8. Re: Dolar exchange

Hi there

I'm going to Ushuaia within a week and I was wondering if that means you found more than one place to change dollars? Did you get a pretty good exchange rate in the casino?

Greetings

Erwin

Belo Horizonte, MG
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9. Re: Dolar exchange

Yes a lot of places to change. i forgot the name of the casino, i posted it here. There are at least 3 casinos in ushuaia.

Newport Beach...
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10. Re: Dolar exchange

We just got back from Ushuaia and were able to exchange US dollars at our hostel at a rate of 1:8 (we ran out of our pesos we had exchanged in Buenos Aires). Most hostels will do this, it seems to be the prevailing rate (basically exactly in between the official rate and the blue rate). Yes, you lose money by doing it but it's better than withdrawing pesos from an ATM or using a credit card. Also virtually all restaurants and stores will accept dollars at a rate of 1:8.

If you can, exchange money in Buenos Aires before you go to Ushuaia or Patagonia in general. Exchange more than you think you need...prices in Ushuaia are exorbitant and if you run out of money, the best you can get is 1 to 8. You can withdraw US dollars in Uruguay, bypass the ATM limit by going to all the different ATMs from various banks and withdrawing the maximum at each one.