A seven months ago, I wrote an article about whether it is a good idea to invest in HBD if you have Argentine pesos and it turns out it depends on how long you will leave your investment in place.
In this scenario, we are going to consider that we have $500 and it will get transferred to Argentina. How can we do this?
- Through a bank and then western union directly to the recipient.
- Through purchase of some crypto currency, and then sell the Bitcoin on the other end for pesos.
- Through the SWIFT network
I've been told that it is cheaper to send money via Western Union. This is not how it used to be. In one month, I will try to send in these three different ways.
| Western Union | Centralized bitcoin exchanges | Swift | |
|---|---|---|---|
| Pesos to Obtain | 166,550 ARS | 154,278 ARS | Get quote here |
Trying to find Swift fees makes me want to start looking at wikileaks.org. It seems like a semi-guarded secret.