Bloomberg is reporting that Argentina may ease its defense of the peso, and take a one time devaluation to $3.80 per dollar from $3.208 today. (It’s already slid 5 percent since August 1.) They had originally predicted that the government may simply let it fall through gradual depreciation, but the new measure may come up as a … Read more
Reuters is reporting that the Argentine peso has shrunk to its lowest level against the dollar in 5 1/2 years. The peso slid 2.39 percent to 3.315/3.320 per U.S. dollar, its lowest point since January 2003. The peso has slid 4.65% this year so far. So, the American economy tanks and the dollar gets stronger. … Read more
Now that I’m here, I’ve been taking a look at what the best way to pay for things is – cash or credit? I’ve found that: using my Citibank Visa, I’m getting AR $2.9517 to the U.S. dollar after fees are calculated. using my Schwab ATM card I’m getting AR $3.0436 to the U.S. dollar with … Read more