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Watching the dollar

  • Splinter
  • April 24, 2019 at 6:17 PM

There are 1,330 replies in this Thread which has previously been viewed 105,031 times. The latest Post (May 1, 2025 at 12:31 PM) was by Rice.

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  • Splinter
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    • April 24, 2019 at 6:17 PM
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    • #1

    Today was a black day for the Argentine financial sector, when the US dollar reached AR$45 and the country risk hit 868 points, the highest since 2014.

    Interest rates are around 70% and inflation stands at around 55%

    It can't get any worse can it.....?

    Grabs coat and heads for door...

    A Brit In Buenos Aires

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  • UK Man
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    • April 24, 2019 at 7:41 PM
    • #2

    I'm just back from the Stihl store and the guy was telling me he has to change prices 3 times every day due to the fluctuating dollar rate.

    Let's face it, the 'peso' no matter which country uses it always attracts laughs when mentioned.

  • serafina
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    • April 24, 2019 at 8:13 PM
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    • #3
    Quote from UK Man

    Let's face it, the 'peso' no matter which country uses it always attracts laughs when mentioned.

    The peso has no weight. Little bilingual (dumb) pun!

    Guess who paid her building expenses this morning and would have spent 10 EUR less had she done the transfer in the afternoon... :cursing:

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  • Rice
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    • April 24, 2019 at 8:30 PM
    • #4

    Nice pun, serafina - -

    Can someone please explain what new information has been factored in to the risk and exchange rate revisions?

  • Splinter
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    • April 24, 2019 at 8:56 PM
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    • #5
    Quote from Rice

    Nice pun, serafina - -

    Can someone please explain what new information has been factored in to the risk and exchange rate revisions?

    Can you translate that into the Queen's English please Rice ?

    A Brit In Buenos Aires

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  • Rice
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    • April 24, 2019 at 10:30 PM
    • #6

    Sorry - I’m merely a thick Colonial, Gov -

  • Splinter
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    • April 25, 2019 at 11:11 AM
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    • #7

    ...and it did get worse

    The dollar is now at AR$47.50 and rising at 11.10 am today.

    https://tn.com.ar/envivo/24hs

    Country risk

    https://www.eulerhermes.com/en_global/econ…link_internal_3

    A Brit In Buenos Aires

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  • serafina
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    • April 25, 2019 at 3:15 PM
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    Our car broke down. With the dollar rising it almost make up for the loss of money of yesterday when we paid expenses in the morning and the exchange rate increased in the afternoon.

    Provided the car fixer doesn’t rise his fee by the time we have to pay the bill.

    Yesterday I walked past a school supply shop where a sign read “Cost estimates are valid for 24 hours”.


    Sent from my iPhone using Tapatalk

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  • Semigoodlooking
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    • April 25, 2019 at 3:36 PM
    • #9

    The dollar rose again over the last day. Had a message from Galeno today saying the price of my health plan is going up 800 pesos. They don't waste no time.

  • serafina
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    • April 25, 2019 at 3:51 PM
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    • #10

    <p>Obviously someone did this video well in advance. It has been going around since today and I think it’s going to become viral soon. Have a good laugh!</p>
    <br><br>

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  • Splinter
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    • April 25, 2019 at 5:13 PM
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    • #11
    Quote from serafina

    Obviously someone did this video well in advance. It has been going around since today and I think it’s going to become viral soon. Have a good laugh!



    Which video?

    A Brit In Buenos Aires

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  • Rice
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    • April 25, 2019 at 5:21 PM
    • #12

    Those articles are both very interesting, Splinter.

    These charts seem to reveal one source of Argentina’s problems:

    Trade structure by destination/origin

    (% of total)

    Brazil16% 1 25%Brazil
    China8% 2 19%China
    United States7% 3 13%United States
    Vietnam4% 4 5%Germany
    Chile4% 5 3%Mexico

    Trade structure by product

    (% of total)

    Feedstuff for animals (excluding unmilled cereals)19% 1 17%Road vehicles
    Road vehicles13% 2 7%Other industrial machinery and parts
    Cereals and cereal preparations9% 3 6%Telecommunication and sound recording apparatus
    Fixed vegetable oils and fats, crude, refined or fractionated8% 4 6%Electrical machinery, apparatus and appliances, n.e.s.
    Oil seeds and oleaginous fruits8% 5 6%Gas, natural and manufactured
  • serafina
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    • April 25, 2019 at 9:13 PM
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    • #13
    Quote from Splinter

    (Quote from serafina)

    Which video?


    Sent from my iPhone using Tapatalk

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  • Rice
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    • April 26, 2019 at 10:09 AM
    • #14

    Very clever. I wonder what this group is working on now?

  • Splinter
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    • October 16, 2020 at 6:19 PM
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    • #15

    This thread started life with the dollar at AR$45 in April 2019. Now the blue is at AR$178.

    Who would have thunk it?

    A Brit In Buenos Aires

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  • GlasgowJohn
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    • October 16, 2020 at 6:27 PM
    • #16

    GBP is at 206/207 in Western Union today.....

    If you go the bank , they will give you 99.9

    Bloody crazy!

  • Rice
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    • October 16, 2020 at 10:32 PM
    • #17

    All planned to keep you on your toes....

  • UK Man
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    • October 16, 2020 at 10:50 PM
    • #18

    It's nothing new though...my packet of fags do cost many times more today in pesos than they did years ago but in £'s they don't really cost that much more.....similar story to beer and I suspect many more poducts.

    The answer? There doesn't seem to be one due the massive reliance this country has on the US$.

  • Rice
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    • October 16, 2020 at 11:13 PM
    • #19

    Not sure I understand, UK Man . ‘Splain, please?

  • Semigoodlooking
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    • October 17, 2020 at 1:15 AM
    • #20

    Exchange days are interesting for me at the moment. I wake up feeling great about the new rate I will be getting, but go to bed asking why I didn’t just wait another day. It’s tumbling fast.

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