Peso posts sharpest weekly fall since Milei took office

[FuturoBA]

What is the exchange now if you use your foreign credit card? @FuturoBA did you ever make it to BA to live? I'm wondering out of all these exchange rates which one is for using your credit cards? Is that MEP?

This is the visa exchange rate here

Exchange Rate Calculator - Currency Converter

Exchange Rates & Currency Conversion Calculator - Use the converter to get an indication of the rate you may receive when using your Visa card. Learn more.

usa.visa.com

And no I haven't made it to BA yet. I'm doing work on my house here and will wait until after I sell it.

When will we see 2000 pesos to $1? Many locals tell me that that is the realistic rate.

Nobody knows. I asked Grok previously and historically it said the average spread between blue dolar and oficial rate was 39%. As I post this right now it looks like blue dolar and MEP rate is trending higher than the official looking at dolarhoy.com

 

[RN in BA]

This is the visa exchange rate here

Exchange Rate Calculator - Currency Converter

Exchange Rates & Currency Conversion Calculator - Use the converter to get an indication of the rate you may receive when using your Visa card. Learn more.

usa.visa.com

And no I haven't made it to BA yet. I'm doing work on my house here and will wait until after I sell it.

Nobody knows. I asked Grok previously and historically it said the average spread between blue dolar and oficial rate was 39%. As I post this right now it looks like blue dolar and MEP rate is trending higher than the official looking at dolarhoy.com

Thank you. I remembered there was a page so thanks for posting the link. If I remember right I was getting about 5% less than the rates on that page. Probably around 1425 or so if it's probably around 1428 to $1? That is a lot better than when I was there. I wonder if prices will jump up with inflation now that the exchange rate is going up?

I guess as long as the MEP is higher that is better for those of us that charge on our American credit cards. More convenient than dealing with cash. I was surprised with all the places I could pay with credit card. The only place I couldn't were some small markets and taxis and a few smaller stores. It seems like there has been a push to get people to accept credit cards which made it easy. I used Western Union when I needed pesos.

 

[Bingo]

This is the visa exchange rate here

Exchange Rate Calculator - Currency Converter

Exchange Rates & Currency Conversion Calculator - Use the converter to get an indication of the rate you may receive when using your Visa card. Learn more.

usa.visa.com

And no I haven't made it to BA yet. I'm doing work on my house here and will wait until after I sell it.

Nobody knows. I asked Grok previously and historically it said the average spread between blue dolar and oficial rate was 39%. As I post this right now it looks like blue dolar and MEP rate is trending higher than the official looking at dolarhoy.com

The Central Bank looks like it's spending all their cash trying to support the peso. We have seen this story before. They just blew through $379 million bucks yesterday. And the peso keeps sliding.

El Banco Central debió vender USD 379 millones en el mercado para frenar la presión sobre el dólar

El dólar mayorista sigue operando en el techo de la banda cambiaria a $1.474,50. En el Banco Nación, el minorista subió $10 y finalizó en $1.495. El blue saltó a $1.510

www.infobae.com

Looks like they are spending all their money from the IMF.

Four questions (and expert answers) about Argentina’s new $20 billion financial rescue

What exactly did the IMF agree to, and what is required of Argentina? Our experts dive into the deal and map what comes next.

www.atlanticcouncil.org

 

[Dick]

That's one thing we all agreed on after that crypto debacle. But I guess it's easier said than done. President Biden couldn't bring himself to cut ties with his son no matter how bad the carnage, and went on to shed what was left of his reputation in the final months of office.

It seems like everyone has lost confidence in Milei. Things sure are changing quickly. On a bright note I guess tourism will boom again if BA becomes cheap again. The exchange rate will helps make things more affordable.