I did something today that I haven’t done in over 4 years… I used the ATM in Argentina to withdraw money from my US bank account. That’s right, with Macri’s new government recently eliminating restrictions on buying dollars and devaluing the peso, the gap between the blue dollar rate and the official rate has dropped to only about 5-10% … Read more
Now that most tourists and expats know about the dollar blue, the question that often arises is “How much money can I bring into Argentina legally?” It’s pretty simple actually: For those age 16 and older, you can legally enter the country with up to $10,000 United States dollars For those under 16, you can … Read more
Xoom has consistently been the US expat and tourist’s best way to send money to Argentina and take advantage of the discrepancy between the official exchange rate and the blue market exchange rate. For example, today’s official rate is $4.913, the blue market rate is $6.780 and Xoom is paying $6.313 before fees. We’re seeing … Read more
A few weeks ago I wrote about using Xoom to transfer money from the United States to Argentina (from the UK, use Azimo) and I thought now would be a good chance to follow up on my experiences and the experiences of a few others. First of all, the rate has skyrocketed to 5.5357 dollars to 1 peso … Read more