The secrets of exchanging money in Uruguay
Exchanging money at the airport, an awful idea
I know
that when you first come to a country exchanging money at the airport it is a
big temptation, but when in Uruguay it is also a big mistake. Their exchange
rate it's outrageous, so unless you want to be robbed DO NOT even think about
it.
How do I know where to exchange my money?
It is important to underline that in the country it does not exist a black market as in Argentina, so you must go to a currency exchange office.
It is important to underline that in the country it does not exist a black market as in Argentina, so you must go to a currency exchange office.
In
Uruguay the reference exchange rate it is the one from Banco Republica, the
state owned bank, (www.brou.com.uy) and it is usually the best.
If you
have more than fifty dollars or euros to exchange you can ask for a better rate
by asking “How much can you give me for X?” (“Cuanto me podes dar por X?”). Please note that this would
not be acceptable in a bank.
Please
be aware that by normative of the Central Bank (Circular number 1978) if you
want to exchange more than 3000 dollars or its equivalent in any other currency
you will be required to identify yourself.
After comparing exchange rates I can recommend
the following places, you can check rates at their websites.
However
if you are interested in exploring other options in this link you will find a list with ALL the currency exchanges (called casas de cambio here) in Uruguay.
In the
next post I will answer all your doubts about ATMs and the best way to use them
here.
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