I will forecast NO PESO DEVALUATION today
Tomorrow , I am not so sure.
Watching the dollar
There are 1,007 replies in this Thread which has previously been viewed 49,530 times. The latest Post () was by UK Man.
-
-
-
-
Smell the asado (it is my neighbor's!)
-
-
“Argentina’s President Says No Peso Devaluation Is Coming”
... and you can take THAT to the bank. -
-
“Argentina’s President Says No Peso Devaluation Is Coming”
... and you can take THAT to the bank.Not officially anyway.
The dollar has now reached AR$180 on the blue.
-
-
GBP is 215 on Western Union
100.4 at the bank
-
-
GBP is 215 on Western Union
100.4 at the bank
Who needs bank anymore?!
-
-
I of course changed at 209 just an hour before the rate changed......
-
-
We tend to exchange as close to our payment deadline as possible. Especially in these fast-changing scenarios, waiting a few hours means money.
I 2014 we often had 1-2 USD worth of pesos for days. At the beginning, it made me anxious (what if we have a vet emergency?!) but now I know that the loss we suffer from exchanging on a Friday afternoon instead of a Tuesday morning, over the years, is anyway higher than the potential veterinary charge at the official rate on a weekend.
-
-
This is completely unbelievable to me. In 2005, I want to say the rate was about 2.5 pesos per dollar. For the next few years the rate changed every year, but not drastically. I need to look to see if there’s a chart anywhere, but my recollection is that the big jumps came around 2010, to about 16 pesos/dollar. Then 20. Then 30. not reaching 58 until late last year. (Blue market had appeared in the middle of all that, so the rates I’m using are the Blue.). But to go from 58 to 180 in 10 months?
This isn’t going anywhere good.
-
-
It's now changing several times a day.
-
-
It's now changing several times a day.
and only in one direction!!
-
-
and only in one direction!!
about three weeks ago I made an exchange and the rate went three the other way . I have never been so happy in years....
-
-
This is completely unbelievable to me.
I don't have many numbers to throw because we aren't obviously going out a lot. We also have a very modest lifestyle, and all we spend is for food.
A fancy factura is now 40 pesos (last week it was 35). I am talking international-pastry level. A mini-cake at the same place is 250 pesos for a simple cake like an apple crumble, and 480 for a chocolate, mousse elaborate type. Prices in average bakeries should be half of that. I no longer go there given that the best one is closer and cheaper. I have been living in Soho for three years and this is the second time I am buying there, and I never ordered more than 6 facturas in the past! Now I visit there on alternate days and I buy a different cake every time!
A pizza slice on Av. Corrientes is 75 pesos. A bottle of simple wine is 200 pesos (nothing fancy, let's say entry level from a wine shop).
An American coffee at a fancy café in Soho is 150 pesos, quality comparable to the best coffee I used to drink in Italy.
Smoked artichokes in oil was 250 pesos at the dietetica.
Sushi delivery can be as low as 500-600 pesos and one kg of artisanal ice cream is 700 pesos.
-
-
-
But these great deals are available only to people with dollars, pounds sterling, or euros. What is everyone else doing right now???
-
-
If you have hard currency, it's a good time to buy stuff after you've been to a cueva of course.
There an iMac somewhere calling me... ML used deals are not so convenient. Upgrading from a 21" to a 27" Retina is just 1000 USD nowadays.
And we need to buy chairs!
-
-
Trying to buy a new freezer - 6 quotas with no interest . But the system wont allow me - There are loads of funds in the account
-
-
If you have hard currency, it's a good time to buy stuff after you've been to a cueva of course.
There an iMac somewhere calling me... ML used deals are not so convenient. Upgrading from a 21" to a 27" Retina is just 1000 USD nowadays.
And we need to buy chairs! We need to go out and try/buy them, but most places receive by appointment only.
-
-
But these great deals are available only to people with dollars, pounds sterling, or euros. What is everyone else doing right now???
People have taken their dollars out their bank accounts and now, since it's virtually impossible to buy them officially, they're buying blue because the peso is worthless.
Saving in pesos like el presidente suggested? Forget it.
-
-
Yes, of course saving in pesos is an Albi fantasy. But once people run out of their saved dollars and start buying blue dollars, as the exchange rate skyrockets, they will eventually run out of money. What then?
-
