Stories and News of Expat Life in Buenos Aires, Argentina
Let me start by saying, this is not an April Fool’s joke unfortunately… As of April 1, 2015, any foreign national residing in Argentina for more than 90 days will be required to present a CUIL or CUIT in order to pick up money from any of the money transfer services (Xoom, Azimo, Ria, etc.). This does not apply … 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
UPDATE (12/17/15): This information is no longer accurate as the government has eliminated the blue rate. I know, I know… We’ve had a lot of posts about using Xoom to transfer money to Argentina (and here), but today they’re offering a rate of ARS $6.0213 to USD $1 which we had to write about. This is … 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
UPDATE (12/17/15): The government has allowed the peso to float and everyone can now buy dollars. This has devalued the peso and caused the blue dollar rate to shrink to only about a 5% difference from the official rate. At this time, exchanging on the blue rate probably does not make sense. Quick Summary: If you … Read more