guesswhoshai

What is the exchange rate between Euro to Dollar in Latin America?
Urgent need to know the exchange rate between Euro to Dollar via Casas de cambio (foreign-exchange bureaus) in any of the countries in Latin America.
In other words:
I give one (1) Euro, how much Dollar will I get?
I give one (1) Dollar, how much Euro will I get?
(Direct exchange)

Date of exchange rate and country name will be very useful.
Details such as telephone number and address of the cambio will be excellent info.

Personal thanks for your help,
Shai.

Bill_H

In almost all cases you'd have to convert from Euro to local currency, and then from that currency to USD instead of direct from Euro to USD.

The problem isn't the exchange rate, the problem is that you will be paying two commissions doing it this way.

qwovadis

The FOREexchange rate) varies daily it is not possible to give
you an exact figure.

Casas de Cambio are notorious for
giving you poor rates.

Best to consult with biggest major
bank in your area if you are changing large amount Dollars
Euros or vice versa.

Percy

Okay the exhnage rate as of today July 22 is:

1. 1 euro will get you $ 1.59US

2. 1 US dollar will get you 63 cents of a euro dollar.

3. Plus commission costs.

This varies daily as was mentioned.

I bought some euros yesterday and some again today..there was a 1-2 cent higher cost today relative to yesterday !!!

Percy

avrooster

Check out:

http://www.dolarhoy.com/indexx.php

For one euro you would get today about 4,80 pesos.

I know that was not your question, but I hope the above helps.

suze

Is there a reason you want USD instead of the local currency?

guesswhoshai

Bill_H Thanks
"In almost all cases you'd have to convert from Euro to local currency"
You are right, yet, it is still 'Almost'.
That is why I posted my question here to find those cambios who have direct exchange. I know for sure that they are exist. Now I need to find them and their rates.

qwovadis Thanks too.
There are some Cambios who compete with the big banks.
The banks have nature advantage over the Cambios. Mainly because they are safer.
As a result, the competition is On. I believe that it is possible to find that particular Cambino who give the best rate. Not easy to find, but possible.

Percy, this is the answer that I'm looking for.
The rates that you wrote are very similar to the World Exchange rate.
Have fun with your trip.

avrooster
Excellent link. It also gives you the name and address of the Cambio.
If I get links like that for each one of the Countries in Latin America it will be grate.

suze
Yes. Especially converting euro to USD, but also checking the vice versa option.

Jeff_Costa_Rica

One other point: Not every bank or casa de cambio in Latin America will even deal in euros. Even though the U.S. dollar is in a sorry state these days, it is still the most widely recognized and most widely accepted foreign currency in Latin America.

guesswhoshai

Jeff_Costa_Rica, You are 100% right, but as you wrote, "Not every bank…" meaning, some do and for that information I'm looking for.

Bill_H

Shai, from reading your replies I think the title of the post is misleading ... you don't want to know the 'exchange rate', which is widely published and changes daily.

Instead you are asking for answers to these two questions (I think):

1) Anyone know of places to exchange Euros directly to Dollars in Latin America?

2) What are the transaction costs (fees + % commission) at these places.

Bill

Jeff_Costa_Rica

It would help all of us if you could tell us which countries you are planning on visiting.

suze

I admit it. I'm confused.

avrooster

I'm not sure the OP is planning to travel at all.

guesswhoshai

Hi again to Bill_H
Not quite.
Many places will exchange what ever you'll ask them for.
Their calculation rate may be the combination of the two.
e.g. exchanging Euro to USD may be the calculation of fees + % commission of euro to local currency and then to USD or what ever it will be. I don't care.

As far as my concern is only the bottom line. How much USD I will get for 1 euro?

I did call to several places. When I asked them: 'how much?' they gave me the answer.
There was big gap between the only two places that could communicate with.
What was their calculation? I don't know, I don't care. All I know is that I got direct answer for my question and know if it is good for me or not.

So, now you may ask me: Well why don't you open the yellow pages and start calling them using Skype for pennies.
Well… I tried. The problem is that I do not speak Spanish nor Portuguese. They to not speak English.

Jeff_Costa_Rica Hi to you again too.
The answer is simple. I will go (or at least start) with the place that will give me the maximum USD for every euro.

suze, I hope you are not confused now... Or maybe even more


To summaries it simple:
I give one (1) Euro, how much Dollar will I get?
I give one (1) Dollar, how much Euro will I get?

Thanks to you all for your time and effort,
Shai

avrooster

As I'm a trader, this is sort of my business.

The euro/US dollar rate is an international thing and it is the same everywhere.

As of this minute, it is almost exactly 1,57 in Buenos Aires, New York or London.

guesswhoshai

Sorry avrooster. Didn't see you post.
Well, wrong. I am planning it as The Big One.
In the other hand, you are right. I'm going to check some business opportunities as well (import / export).

guesswhoshai

Avrooster, You'll be surprise to know that in some cambios there is deference to the world market even up to 8%. Just find then….

guesswhoshai

Difference not deference

avrooster

The "spread" between the bid/ask is another matter, but it most certainly is not 8%, if you know where to go and trade a respectable amount.

Bill_H

<b>I am planning it as The Big One.</b>

Ah, El Grande! I think you'll find the best rates in Medell&iacute;n, Colombia ... they always seem to have a surplus of dollars and will probably be willing to exchange for Euros ...