Banking Actual money exchange house (cueva) vs. prices quoted on financial websites

[Pink Panther]

I went to exchange money at the casa de cambio (cueva) earlier this week. They were buying US Dollars at 915 pesos to $1 USD and selling for 950 pesos to $1 USD which was different from what the rate was when I checked right before going. I use https://www.ambito.com/contenidos/dolar.html and it was showing 895 and 905. The rate fluctuates so much sometimes and other times it's dead. I wonder how things will play out after Milei takes office.

 

[Frosted Flakes]

The online websites displayed rates of 905 and 925 in the morning. However, my local currency exchange (cueva) offered a rate at 905. Later in the afternoon, the rates further decreased to 890 and 910. I can't help but think it will go back up over 1,000 to $1 soon.

 

[All the Answers]

It's a totally informal market. The rate is never what it's listed for on the websites. The rate is always changing from minute to minute before it's updated online. It will be close to the blue rate but I never have found it exactly the same. It's not updated in real time I don't think. They are good to give you a general idea but sometimes I will look at different websites and they are different even amongst the various websites.

 

[Blockchain]

Has anyone used Reby? I just read a post about them converting USDT to USD. Are they reliable? What kind of rates do they have?

 

[Finance Prof]

Has anyone used Reby? I just read a post about them converting USDT to USD. Are they reliable? What kind of rates do they have?

I haven't used them but read about them. Not sure if they are reputable but they have a Telegram group with rates. Commissions are high now due to so many sending in USD for the blanqueo.

Reby Rate & Financial Solution 🇦🇷💵:


From 10:15 to 17:00 hs

USDT ➡️ ARS. 🇦🇷 >>> 1.175
USD ➡️ ARS. 🇦🇷 >>> 1.210

Bank transfer :

USDT ➡️ ARS. 🇦🇷 >>> 1.185
USDT ➡️ USD 🇺🇸>>> -4%
🇺🇸WISE -> Pesos: $1.150
🇺🇸WISE -> USD: -6,5%
🇺🇸PAYONEER -> Pesos: $1.115
🇺🇸PAYONEER -> Usd: -9,5%

 

[Uncle Wong]

It seems like everyone has a go to cueva. I've never seen any advertise their rates online. When I was there it was just private Whatsapp. I extended my stay in my Airbnb and just used the owner of my Airbnb's contact. I just sent in for the rent but I would be nervous in sending a large amount and then getting conned!

 

[Digital Nomad]

I haven't used them but read about them. Not sure if they are reputable but they have a Telegram group with rates. Commissions are high now due to so many sending in USD for the blanqueo.

Reby Rate & Financial Solution 🇦🇷💵:


From 10:15 to 17:00 hs

USDT ➡️ ARS. 🇦🇷 >>> 1.175
USD ➡️ ARS. 🇦🇷 >>> 1.210

Bank transfer :

USDT ➡️ ARS. 🇦🇷 >>> 1.185
USDT ➡️ USD 🇺🇸>>> -4%
🇺🇸WISE -> Pesos: $1.150
🇺🇸WISE -> USD: -6,5%
🇺🇸PAYONEER -> Pesos: $1.115
🇺🇸PAYONEER -> Usd: -9,5%

Be careful. I think this is the same company/person that was involved with some raid last month. The entire cueva thing all depends on trust and who knows when they might exit scam.

Investigación del FBI. La ruta de una ciberestafa de norcoreanos que terminó en el departamento de un ruso en Palermo - Sur Multimedios

Los movimientos se repetían con frecuencia: personas entraban y salían del edificio, situado en Rodríguez Peña al 600, en el barrio porteño de San Nicolás, a 200 metros de la avenida Callao, ...

elsurdiario.com.ar

 

[Uncle Wong]

Be careful. I think this is the same company/person that was involved with some raid last month. The entire cueva thing all depends on trust and who knows when they might exit scam.

Investigación del FBI. La ruta de una ciberestafa de norcoreanos que terminó en el departamento de un ruso en Palermo - Sur Multimedios

Los movimientos se repetían con frecuencia: personas entraban y salían del edificio, situado en Rodríguez Peña al 600, en el barrio porteño de San Nicolás, a 200 metros de la avenida Callao, ...

elsurdiario.com.ar

Yeah you have to only use someone that you trust 1000%. When I did the transfer I had to wire first which is always how it is done.

 

[Betsy Ross]

Yeah you have to only use someone that you trust 1000%. When I did the transfer I had to wire first which is always how it is done.

Only use someone that a friend can verify they have been working with many years. Lots of fly by night operations. There is nothing you can do if you get scammed by one of them.

 

[LongIslander]

I haven't used them but read about them. Not sure if they are reputable but they have a Telegram group with rates. Commissions are high now due to so many sending in USD for the blanqueo.

Reby Rate & Financial Solution 🇦🇷💵:


From 10:15 to 17:00 hs

USDT ➡️ ARS. 🇦🇷 >>> 1.175
USD ➡️ ARS. 🇦🇷 >>> 1.210

Bank transfer :

USDT ➡️ ARS. 🇦🇷 >>> 1.185
USDT ➡️ USD 🇺🇸>>> -4%
🇺🇸WISE -> Pesos: $1.150
🇺🇸WISE -> USD: -6,5%
🇺🇸PAYONEER -> Pesos: $1.115
🇺🇸PAYONEER -> Usd: -9,5%

Wow fees are very high right now!