The real is the currency from Brazil and enjoys great popularity in the Argentine territory, either by Argentine citizens who wish to vacation in said country, as well as by those savers What are they looking for in the real a way to protect yourself from inflation. This fact has generated that many Argentines change reais to pesos and vice versa.
The high inflation that plagues our country means that many savers see the hoarding of foreign currency as a great alternative to protect their savings.
How much is $1000 Argentinean in Brazilian reais?
Although there is always talk of restrictions from the government to the dollar, in reality these apply to all foreign Coins, that is, the real, the euro, the Mexican peso, among other currencies.
For example, the $200 limit on the dollar savings includes both the american currency as its equivalent in any other foreign currency. That is, if we spend 400 real, these will convert to Dollars and will be subtracted from the $200 limit.
The constant mention of dollar without making reference to other currencies such as the euro or the real, it is merely due to a cultural, since, despite the fact that other currencies are accepted or operated, most of the transactions in Argentine territory it is done in Argentine pesos or in American dollars.
Although the exchange restrictions affect all foreign currencies, only the dollar is mentioned for a “cultural issue”
This clarification is important, since, as in the case of the dollar, there are a lot of “exchange rates”so $1000 Argentinians can be a lower or higher amount of reais, depending on the price we take.
If we take the “official” exchange rate, we find that $1000 Argentine is equivalent to almost 40 Brazilian reais. However, as is public knowledge, accessing the official exchange rate has a lot of restrictions which makes it practically impossible for an individual to make this type of exchange.
In the case of taking the “solidarity” exchange rate, valid only for the currency hoarding, It will be practically impossible for us, since it is not usual to operate with that currency in the formal financial market, with some exceptions, such as the case of Banco Columbia.
In this case, we must take into account the quotation of the real in the exchange house that can be operated and must add 30% for the COUNTRY tax (Tax for an Inclusive and Solidarity Argentina) and 35% for the receipt of advance payment of Personal Property Tax and Income Tax.
On the other hand, in the event that we travel to Brazil, we can make our expenses in reais and pay them in Argentine pesos. For this we must previously consult with our bank, since there could be two cases for the real price.
The most common way is that the banco o financial entity in question take the amount in the currency in which we made the transaction, in this case the real, and do the division in American dollars, so in the summary we would receive the expenses in dollars and we will be able to make the payment in pesos in the “tourist” price.
It should be remembered that the tourist quote consists of 30% of COUNTRY tax and 45% corresponding to the Collection of Personal Property Tax and Income Tax.
The new restrictions and the rise in the Perception of Income Tax and Personal Assets affect all foreign currencies
On the other hand, in some banks, they have a specific price for each currency. In the case of the real at Banco Nación, it trades at 27.5 per unit, so adding 30% of the COUNTRY tax and 45% of the perception, we will obtain that each real is quoted at approximately $48 Argentine pesos. In this case, $1,000 Argentines would be equivalent to almost 21 Brazilian reais.
Finally, we can access the real blue, what is he exchange rate obtained between individuals or in the famous “little trees” or “caves”. In this case the real blue, Today, it is located at almost $56 Argentine pesos per real, so with $1000 Argentine pesos we will obtain approximately 18 reals.
How much would 100 reais be in pesos?
As we mentioned before, many people resort to real as a way of “back” against the uncertainty of the Argentine peso, so they save in this currency. In this case, it is very likely that, at some point, they will need change the reais for Argentine pesos.
In this case there are two forms of power. Exchange reais for Argentine pesos. The first is to sell said currency in the traditional or formal market, that is, in a bank such as the National Bank. In this case, the minimum sale amount is 100 reais and we will obtain a total of $2,350 Argentine pesos.
On the other hand, we can make the transaction through the parallel or informal market. In this case, the operation is done personally by delivering the bills to a third party and this, in return, gives us Argentine pesos. This operation is usually done through “little trees” or exchange houses, as well as between individuals.
The real blue is the one that operates in the informal or parallel market
It should be remembered that, despite the habituality of this type of operation, it is an illegal operation according to the “Exchange Penal Law” sanctioned in 1995. In this case we will obtain a total of approximately 6100 pesos, since its purchase price is $49 and the sale price is $56.
Is it convenient to save in reais?
The answer to this question depends on the profile of the saver. Hoarding currencies is not usually the best option compared to other options such as invest money, since these lose value over time.
However, if we find ourselves in the dilemma about hoard pesos or do it in reais, the Brazilian currency is clearly the winner, as the value of the real depreciates at a noticeably slower rate compared to the Argentine peso.