Where to exchange argentine pesos
DIY E004 - Exchanging Dollar/Euros for Argentine Pesos on Black Market in Buenos Aires (Dolar Blue)
this week we're going to show you how to
get the best exchange rate for argentine
pesos
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hello is it truly like guys of money no
Charles it's not true I like guys who
know how to travel smart and being
intelligent with your money exchange
definitely playing the part in that I
think I pick up these goodies I travel a
lot and I got rich off traveling like
from 20 billion dollars on Zimbabwe 20
billion dollars from Zimbabwe you know
that that's probably completely
worthless right and it's not even
exchangeable here most likely so many
currencies have money exchange
restrictions on them such as the
Argentine peso since the Argentine peso
was deep pegged from the dollar
following the financial crisis of 2001
Argentina has experienced annual
inflation of around 25 to 30 percent
resulting in steadily rising prices and
many people converting their savings
into US dollars to prevent this at the
end of 2011 the government imposed a
restriction on the amount of foreign
currency Argentine citizen confide or
travel or savings essentially banning
the perch on u.s. dollars and euros
there is only a limited amount of
foreign currency each Argentine can buy
at the official exchange rates as we
film this video the official rate is $1
us to about 894 pesos however in the
unofficial black market the rate is more
like $1 to 12 74 pesos whoa that's a big
gap Heather that's different between
taking you out on date for a Big Mac
combo versus cheaper happy meal
please Charles I prefer a steak and a
nice glass of wine and for that you're
going to have to get a much better
exchange rate on your dollars but how I
do that Wow
do not change your currency at the
airport you'll end up getting an
unfavorable official rate that includes
additional fees
we'll provide the link below for you to
check both the official and unofficial
rates always bring physical US dollars
or Euros exchanging Argentina if you try
to wedge our pesos from ATM or use your
credit card you'll end up with a higher
rate we should mention that you should
always bring your bank card for
emergencies if you need to get your
money immediately
but Charles you still haven't explained
how we're going to actually exchanged
the pesos what if I've arrived from the
airport and I'm hungry for that big
juicy steak without any money
oh don't worry Heather we meant to be
with each other but before things get
too serious let me explain how we can
protect ourselves
calm down Charles we're not going to be
taking that route anytime soon I've been
protecting yourself while exchanging
money on the black market you look a
much better ray - but is little risky
first even though Authority turn a blind
eye to this type of transaction it is
technically still illegal you may be
fine if you are really unlucky secondly
be sure to always check the latest
exchange rates and compare it to
different can do meaning money change in
Spanish and for safety and to avoid
being robbed always bring a friend or a
girlfriend only exchange money a
physical shop such as new Stan many
places such as hotels and stores will do
this for you which will help you avoid
the high fees that way you won't have to
worry about anyone running off down the
street with your money or giving you
counterfeit bills since you can't really
report
illegal activity to the police can you
let go of me now without being said step
one you need to get to Florida and Laval
street many hostels located in downtown
Buenos Aires offer free airport shuttle
to this area you do not stay in while
these then dress up nice before leaving
the airport and find a hot girl with a
car he's joking but there is a shuttle
service that will take you right
downtown to Flora street that you can
book in advance for about $10 u.s. what
he's not joking about is that he's
definitely not getting anywhere near my
car tonight second one she gets a for
that and Laval Street it won't be long
before you see people call cameo cameo
cambio and you see a lot of these new
stands this is where you can start
researching current rates and
negotiating third we recommend that you
ignore people on the streets and shop
around at newsstands or stores looking
for the best rates and remember only
exchange amount pesos you need well
there is no problem exchanging dollars
for pesos changing it back is another
story and I think I'm stuck with these
I'll take those
and yes most hotels in major cities do
accept US dollars at a very good rate
and with even exchange it for you so we
hope you found this video useful and be
sure to LIKE comment share and subscribe
and by the way thanks for watching and
have a wonderful trip hey can we go for
that date yet Roger happy meal and eat
the toy that's a big gap Heather does it
different between taking a yard okay
good grouper what a firefight from the
airport and I'm hungry for that big
juicy steak
Oh God oh I was so good why'd you screw
that up
that's B when I do get you to okay don't
worry we meant to be with each other
what he's not joking about oh I
threw that up okay all right well that'd
be sad
