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argentine peso

The HAVES & HAVE NOTS of Snow in South America Right Now:

It’s no secret that the Central Andes of South America have been extremely dry this year. Some media outlets are reporting that this is the driest year in the Central Andes in 60 years and that it’s only snowed 3 times this year… Ouch. The Central Andes have been in drought for the past 10 years.   Central Andes ski resorts […]

Industry NewsIndustry News
SnowBrains | August 22, 2019
0 Comments

Argentina’s Peso Loses 22% Of Its Value in 2 Days | 1 US Dollar = 40 Pesos Today…

The Argentine peso is in a free fall. When we arrived in Argentina on August 1st, 2018 the peso exchange rate was 27 to 1 against the US dollar. Then, it began to slide… Yesterday it slid from 30 to 34 – a 7% downturn. Today it slid from 34 to 40 – a 15% downturn. That’s a 22% drop […]

Industry NewsIndustry News
SnowBrains | August 30, 2018
1 Comment

You’re Making Money in Argentina Without Even Knowing It | Black Market Dollar Soars to 13.2 Pesos:

Argentina just defaulted on their international loans a couple of weeks back. They defaulted on tens of billions of dollars. This is the second time they’ve done so since 2001. In 2001, the value of a peso essentially hit zero. This year, they’re still hanging in there somehow. Even so, investors expect the peso to lose 11% of it’s value against the dollar in the next 90 days. The good news for non-Argentines is that the peso is losing value faster than people can change their prices. Especially ski resorts. Lift ticket prices were fixed in the fall. Yet, the value of the dollar continues to rise against the peso. The […]

SnowBrains | August 19, 2014
2 Comments

Another Reason to Go to Argentina This Summer | 1 USD = 8.5 Pesos on Black Market, Giving You 35% More Money Free

The official exchange rate right now is at 1 US Dollar = 5.5 Argentine Pesos.  This is a good exchange considering only 4 years ago the exchange was 1 usd = 3.5 pesos. So, no matter what, you’re richer in Argentina than you are in the USA. Then, you have to consider that Argentina’s black market (they call it the […]

Miles Clark | July 30, 2013
6 Comments

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