Exchanging money in Lima.

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Jalapenomel
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Exchanging money in Lima.

Postby Jalapenomel » Sun Jan 13, 2013 7:11 pm

We are going to Argentina, and we would like to exchange money here rather than in Argentina. Can we exchange money in the banks or elsewhere?


Philipc4u59
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Re: Exchanging money in Lima.

Postby Philipc4u59 » Thu Jan 17, 2013 11:35 am

FYI,

My brother-in-law goes to Argentina on business; he always exchanges a few soles here, but the bulk in AR.
When we went to Arica, not exactly a thriving metro; we had no problem doing similarly - at good rates.

When first here, I made the mistake fo exchanging $$$ for soles at the bank - what a RIP-OFF!!!
Probably not as bad as the airport; the beautiful/nice smelling women are welcomed - but I have this at home!

Best wishes,
Philip & Rosmery :roll:

PS - where are you headed; we have talked about Argentina, when my wife gets her next few days off
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Jalapenomel
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Re: Exchanging money in Lima.

Postby Jalapenomel » Thu Jan 17, 2013 5:40 pm

We have learned that exchanging in Argentina is the best way to go, because we can get up to 7 pesos/$1, which is incredible.

We are going to Buenos Aires.
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chi chi
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Re: Exchanging money in Lima.

Postby chi chi » Thu Jan 17, 2013 6:02 pm

Western Union generally has good exchange rates.

Last place to change is the airport. Exchange rates are bad. VERY BAD.
Philipc4u59
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Re: Exchanging money in Lima.

Postby Philipc4u59 » Fri Jan 18, 2013 10:18 am

I hope that rate holds steady; until we can travel to Buenos Aires.
I clicked on the pictures of the web site; are you affiliated with same?
Please share you experiences with us & possibly others on Expat.

May 2013 be your best year - ever; may God grant you traveling mercies in all your journeys.

Philip & Rosmery :roll:
PS - we have an OPEN INVITATION to averyone on expat peru - for lunch, dinner, or just a quick meet...
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Re: Exchanging money in Lima.

Postby Alpineprince » Fri Jan 18, 2013 11:06 am

Jalapenomel wrote:We have learned that exchanging in Argentina is the best way to go, because we can get up to 7 pesos/$1, which is incredible.

We are going to Buenos Aires.

It is my understanding that most of the "casa de cambio" in BA have shut down. Would you be so kind to post on this thread the exact address of any you find that are offering other than the "official rate"!
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chi chi
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Re: Exchanging money in Lima.

Postby chi chi » Fri Jan 18, 2013 12:43 pm

Wherever I go, I withdraw money from an ATM. That gives me the best exchange rate.
If I have money left at the end of the trip then I give it to the airline if there's a collection during the flight. Many airlines do a collection of money for charity during the flight. You can donate any notes and even any coins.
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Jalapenomel
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Re: Exchanging money in Lima.

Postby Jalapenomel » Sat Jan 19, 2013 4:47 pm

chi chi wrote:Wherever I go, I withdraw money from an ATM. That gives me the best exchange rate.
If I have money left at the end of the trip then I give it to the airline if there's a collection during the flight. Many airlines do a collection of money for charity during the flight. You can donate any notes and even any coins.

I have been told that right now, the ATMS are not giving the best exchange rate. Dollars are a hot commodity now, so people are willing to pay more then the central rate (which I believe is 4.5 pesos/$1, which is still good).

I was also told that many places take dollars and will give you change in pesos, so we are going to hope for that.

I will report back to let you know how it goes, and I will update my blog with trip information.

Thanks for all your help!
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chi chi
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Re: Exchanging money in Lima.

Postby chi chi » Sun Jan 20, 2013 12:34 pm

Jalapenomel wrote: Dollars are a hot commodity now, so people are willing to pay more then the central rate (which I believe is 4.5 pesos/$1, which is still good).



??? The dollar rate is sinking quicker than the Titanic? Soon dollares will be worth nothing.

The exchange rate soles to dollares will be soon 1 for 1.

Or less. Like in Cuba. 1 dollar = 0.90 Cuba peso
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Re: Exchanging money in Lima.

Postby rama0929 » Sun Jan 20, 2013 6:25 pm

chi chi wrote:
Jalapenomel wrote: Dollars are a hot commodity now, so people are willing to pay more then the central rate (which I believe is 4.5 pesos/$1, which is still good).



??? The dollar rate is sinking quicker than the Titanic? Soon dollares will be worth nothing.

The exchange rate soles to dollares will be soon 1 for 1.

Or less. Like in Cuba. 1 dollar = 0.90 Cuba peso


Whatever the case, the dollar is doing better than the Peso.

http://www.bloomberg.com/news/2012-10-2 ... redit.html
http://in.reuters.com/article/2012/07/0 ... BF20120706
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Re: Exchanging money in Lima.

Postby Omikron » Mon Jan 21, 2013 1:06 am

Jalapenomel,

Are you aware that many places are eager to buy your dollars because of the new exchange restrictions in Argentina, but once you are about to leave the country, you might not be able exchange your spare pesos back to dollars again?

The "Warning" paragraph:
http://argentinaconsultant.com/buenos-a ... nks-money/

Also, the link states "Buenos Aires ATMs Do Not Offer U.S. Dollars".
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Re: Exchanging money in Lima.

Postby Omikron » Wed Jan 23, 2013 12:32 pm

Jalapenomel, Do you happen to have a Couchsurfing.com account?
There is this Argentinian guy called Diego who is coming to Peru soon and since he is having money exchange problems too, he is offering to trade his Pesos for Peruvian Soles once he arrives here.

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