Notices

Argentinian currency

Reply

Feb 25th, 2009, 11:12 AM
  #1
Original Poster
 
Join Date: Jan 2008
Posts: 1,108
Argentinian currency

We've gotten some Argentinian currency from our local bank in preparation for our upcoming trip to Buenos Aires, hoping to have money available for taxi tips, etc. and able to enjoy our first afternoon without immediately running to a bank. However, our bank could get only 100 pesos bills. Would appreciate info as to whether we can use US $$ for tips and smaller restaurants, and whether a larger restaurant or store might be a place to pay with a 100 peso and get "change"? Or is there a location in the airport for obtaining smaller denominations? Any suggestions regarding money issues would be greatly appreciated.

Thanks to forum members who've provided us other useful info for our trip.

Tomarkot
tomarkot is online now  
Reply With Quote
Feb 25th, 2009, 12:12 PM
  #2
 
Join Date: Nov 2008
Posts: 288
Take the big bills to a bank or currency exchange to obtain smaller bills. Many times smaller restaurants and other businesses are reluctant to accept larger bills in Buenos Aires. And for taxi tips, you do not do this in this country unless the driver has overtly gone out of his way to assist you.

In the future purchase your foreign currency from www.XE.com. You pay via a credit card along with a fee. When the company rings you, request small bills. When I went to Brasil and Argentina and Egypt in 2007, I received my smaller bills without encountering any problemos.

When I travel to Europe in our fall and back to South America during their spring of 2009, I will order some of my currency before I take off for my trips. I don't mind having to pay a small fee because it enables me to have a free mind after I arrive at the airports.
Eddwarm is offline  
Reply With Quote
Feb 25th, 2009, 12:17 PM
  #3
 
Join Date: Jun 2005
Posts: 5,194
Hi, Tomarkot!

Would you tell this forum what rate your bank gave you?

This is because I have been insisting that the rate you get in the US is pretty bad and would like confirmation. You can get here today 3,55 pesos per US dollar.

Moving on to your questions, you CAN tip with small dollar bills, but pesos would be better, IMO.

The best place to change 100 peso bills is in supermarkets. You can buy, say a couple of bottles of mineral water and they HAVE to give you change.

You can also pay not-too-small purchases in most supermarkets with a 100 dollar bill and they'll give you change in pesos. The rate may not be too good, however.

The Banco de la Nación branch at the airport may or may not be willing to give you change. Change is always a problem here, as you apparently know.

Have a great time in our town.

avrooster is offline  
Reply With Quote
Feb 25th, 2009, 02:13 PM
  #4
 
Join Date: May 2003
Posts: 4,074
Try to avoid paying taxis with 100 pesos bills. There are some false bills, 20 in particular , and a good way to end up with one is paying taxis with big bills.
You do not need to bring money from the US, but if you must try to get asap small bills.
Graziella5b is offline  
Reply With Quote
Feb 25th, 2009, 02:19 PM
  #5
 
Join Date: Dec 2006
Posts: 4,238
I exchanged my $$ for pesos at 2.92.

I only post this so Avrooster can laugh at me - AGAIN.

I don't have to stand in line at Banco Nacion.

If I pay for the radio taxi, at the airport, with a $100 peso bill, then I should get about $22 pesos in change.

If not, Supermercado Disco is 3 blocks from where I'm staying. A loaf of bread, a jug of wine and ....
Rastaguytoday is offline  
Reply With Quote
Feb 25th, 2009, 03:01 PM
  #6
 
Join Date: Jun 2005
Posts: 5,194
Your research seems to be outdated, Rastaguytoday. LOL!!!

The licensed cabs at the Ezeiza airport are now charging 98 pesos. Tienda León costs 141 pesos.

Sounds like you'll have to go to Disco, to get change for those pesos your bank most generously sold you at 2.92
avrooster is offline  
Reply With Quote
Feb 25th, 2009, 04:03 PM
  #7
Original Poster
 
Join Date: Jan 2008
Posts: 1,108
Thanks to everyone for info regarding currency in Argentina.

And to Avrooster, for us it's been a "Live and Learn" experience. Our bank exchange rate in the US was 323.68; not the 3.55 you described. So we would have been better off waiting until we arrive in BA, as we received all 100's and now have the dilemna of where to get smaller denominations.

The suggestion about visiting the Supermercado for receiving smaller bills is greatly appreciated. (We always need bottled water and snacks.) Also, we didn't know that the taxi fares from the airport into town have gone up. Thanks for the "heads up".

We're staying at the Marriott near Calle Florida. Any other ideas forum members can share regarding how best to handle paying for things in BA will be welcomed. Using credit cards? We're wondering if we should just use our credit card for Tango Shows, most restaurants, local tours, etc.

We appreciate any ideas people are generous enough to offer about money or any other BA ideas! Thank you all!

tomarkot is online now  
Reply With Quote
Feb 25th, 2009, 04:42 PM
  #8
 
Join Date: Jan 2003
Posts: 34,393
Lately, our Disco on Las Heras has signs that warn customers that they don't have cash.
They do but they won't want to be breaking a 100 for a 5 peso purchase.. You can go into a bank and get change.. Use the ATM machine to get cash ..
Smaller shops and cafes might not take credit cards, always keep that in mind.. the Ferias and San Telmo flea market = strictly cash.. Tango shows .. if the big ones, probably credit cards ..

The good thing about just taking out a couple of days worth of pesos from the ATM machine is if you were to have a pocket picked, you would not lose a lot.. Calle Florida is terrible for pickpockets so if your wife Must carry a bag, tell her to carry something with the strap across the chest.. you should put your money in more than one pocket and try not to get into that horrible crush of people on Florida street during the day.

There are also money exchange places here .. one on Pueyrredon and one on Quintana in Recoleta.. no idea what their rates are..



Scarlett is offline  
Reply With Quote
Feb 25th, 2009, 04:43 PM
  #9
 
Join Date: Dec 2006
Posts: 4,238
Avrooster,

I think that the radio taxi rates in US$ have actually gone down.

Peso exchange rate up + taxi charge rate up = close to the same or less the same US$ amount.

If I thought 6 months ago it was going to cost X in US$, and 6 months later it still cost X in US$, I'm a happy puppy (or is that dawggy)?
--------------------
I tend to use credit cards when traveling, particularly when dining or at a hotel. What's better depends on what your bank says its charges are for international transactions.

However, cambio chicita and moneta is always good to have and Avrooster is buying a book from me for 10 cents
Rastaguytoday is offline  
Reply With Quote
Feb 25th, 2009, 04:46 PM
  #10
 
Join Date: Jun 2005
Posts: 5,194
I would use a credit card for any place which does NOT give a good (about 10%) discount for cash payment. It's as simple as that. Larger businesses probably will not give you a discount, smaller ones, particularly the ones where the owner is at the cash register, probably will. If you don't need an invoice, you could get 10% more, but we are now treading dangerous ground....
avrooster is offline  
Reply With Quote
Feb 25th, 2009, 04:50 PM
  #11
 
Join Date: Dec 2006
Posts: 4,238
Scarlett,

I'm staying on Las Heras, about 3-4 blocks west of the Disco.

I believe there is also a Coto nearby and a Carrefour closer to our apartment.

I love Carrefours. However, I've only been to ones in Turkey and Singapore, so what do I know?
Rastaguytoday is offline  
Reply With Quote
Feb 25th, 2009, 05:15 PM
  #12
 
Join Date: Jun 2005
Posts: 5,194
I would favor Carrefour over Coto. I'm pretty sure they'll take a 100 pesos bill, even for a comparatively small purchase. The best is Jumbo, but the closest one could be the one in Palermo.
avrooster is offline  
Reply With Quote
Feb 26th, 2009, 07:52 AM
  #13
 
Join Date: Sep 2003
Posts: 193
Bottom line: we are better off waiting to get pesos at the airport to get the better exchange rate. Then do we pay the taxi in pesos or dollars. I assume bringing small denomination dollars is also a good idea. Can they be used widely?
debwhite is offline  
Reply With Quote
Feb 26th, 2009, 09:06 AM
  #14
 
Join Date: Dec 2006
Posts: 4,238
debwhite,

If you want to take the time at the airport. Previous posts have said waits up to 2 hours. It was "cheaper" to me to have pesos on arrival than to wait at the bank. I have to meet the concierge at the apartment at a certain times, so it works for me.

As far as small US$ bills - Avrooster says "Moving on to your questions, you CAN tip with small dollar bills, but pesos would be better, IMO."

In another recent post, owlwoman talks about bringing in US$500 in ones and fives. Search for her name for comments on the value of doing so, in that post.
Rastaguytoday is offline  
Reply With Quote
Feb 26th, 2009, 12:00 PM
  #15
 
Join Date: Jan 2003
Posts: 34,393
Rasta, the Disco on Las Heras & Austria is the one with the no money signs.

I like the Carrefours on Berruti and love the one at the Paseo Alcorte.. and as AV says .. Jumbo!
Jumbo and Carrefours ( Paseo Alcorte) always take big bills from us .. although the truth is, we generally do more shopping and spend more in those stores.. Disco is usually small amounts of this and that shopping.

How are you enjoying this weather ? sooo much nicer than it has been
Scarlett is offline  
Reply With Quote
Feb 26th, 2009, 02:38 PM
  #16
 
Join Date: Dec 2006
Posts: 4,238
Scarlett,

I arrive on 13 March. Mentally, I've left California already.

Do you have the cross streets so I can look them up on my handy map?

I spent 6 weeks in Singapore a few years ago, and Carrefours was a lifesaver. Good wine at good prices, among other things, including the US elusive, Victoria Bitter.
Rastaguytoday is offline  
Reply With Quote
Feb 26th, 2009, 06:25 PM
  #17
 
Join Date: Jan 2003
Posts: 34,393
Hi
I thought you were here already! Not too long now, and the weather should be perfecto : - )
OK.. Las Heras and Austria is where the Disco that we go to is ... there is one on Quintana between Callao and Montevideo.. there is the Coto on French between Larrea & Pueyrredon and Paseo Alcorte is a very nice mall with Carrefours taking up the entire ground floor.. huge.
You can buy electronics, stoves , books, housewares and groceries .. clothes and linens too .. oh, and plants and garden supplies.
They have an excellent fish market and ready to eat section,you can buy something and take a table and eat while shopping.. I love it :- )
It is off of Alcorte just past the MALBA .. on Salguero.. I think .. not sure what the name of the street is .. we either walk over or tell the taxi driver the name of the place.

Jumbo is in Palermo .. imagine a huge Home Depot combined with a huge grocery store.. with a great imported section.

There are little markets all over and little kioskos so you can always find drinks and milk..
Hope this helps ...
Scarlett is offline  
Reply With Quote
Feb 26th, 2009, 09:20 PM
  #18
 
Join Date: Jan 2003
Posts: 28,816
solve the whole problem by getting your cash from an atm at the airport and change some bills there by buying something small or going to a bank and getting change...
rhkkmk is offline  
Reply With Quote
Feb 27th, 2009, 05:07 AM
  #19
 
Join Date: Sep 2003
Posts: 193
And the ATMs don't have a 2 hour wait, I assume. That's what I originally planned to do. I don't need to change money in a bank. Thanks rhkkmk.
debwhite is offline  
Reply With Quote
Feb 27th, 2009, 05:31 AM
  #20
 
Join Date: Dec 2006
Posts: 4,238
debwhite,

There is a previous link (go back a month or so) saying that the ATMs at the airport are often out of money, and if they do have any money, they will dispense only large bills. It is pretty thorooughly discussed there.

If you try to put in a small or odd amount it won't allow you to obtain money.

Also, many Argentine ATMs have very small limits on the amount you can withdraw at one time.
Rastaguytoday is offline  
Reply With Quote
 



Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On



All times are GMT -8. The time now is 09:22 AM.