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2013년 11월 29일 금요일

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About 'best exchange rate'|... would press upon me to get my dollars exchanged at the ‘best market rates’. Such experiences filled (and continue to fill...








Argentina               is               a               wonderful               country               with               a               vibrant               culture.

Its               capital               Buenos               Aires               has               been               called               the               South               American               Barcelona,               but               I               think               that               is               unfair               to               a               city               as               magnificent               and               unique               as               this.

Buenos               Aires,               and               Argentina               in               general,               is               much               more               European               than               other               parts               of               South               America,               but               it               retains               the               South               American               vibe.

It               also               retains               a               fantastic               exchange               rate,               around               4               pesos               to               the               dollar.

When               to               go               to               Argentina               depends               on               what               you               want               to               do               or               see.

The               most               important               thing               to               remember               about               the               southern               hemisphere               is               that               the               seasons               are               reversed.

Summer               is               hottest               in               January,               and               winter               is               coldest               at               the               end               of               July,               beginning               of               August.

That               said,               visiting               Argentina               over               Christmas               is               not               the               best               idea.

The               REST               of               the               world               goes               to               Argentina               then.

When               I               went               to               Mar               del               Plata               -               a               resort               city               250               miles               south               of               Buenos               Aires,               my               friends               there               told               me               that               December               to               February               the               beaches               are               standing               room               only.

For               the               best               weather               and               least               tourist               interference,               I               recommend               March               through               June.
               I               have               been               to               Argentina               twice:               once               to               Mar               del               Plata               for               March,               once               to               Buenos               Aires               from               the               end               of               May               through               the               first               half               of               July.

In               March               we               were               in               the               70's               and               80's               most               of               the               time.

By               the               time               we               hit               July,               it               was               in               the               50's               for               most               of               the               day.

Winter               in               this               area               is               not               what               you               would               call               extreme.

When               you               leave               the               greater               Buenos               Aires               area,               you               can               run               into               more               extreme               temperatures               depending               on               the               season.
               It               is               important               to               understand               that               Argentina               is               a               huge               country.

The               northern               part               is               in               the               Amazon               and               the               southern               part               reaches               to               Antarctica.

Getting               around               is               fairly               simple.

You               can               take               a               train               or               a               bus               anywhere               in               the               country,               or               you               can               fly.
               Now               for               the               destinations.

These               are               critical               to               know               to               plan               the               time               of               your               trip.
               The               Greater               Buenos               Aires               Area
               I               lived               in               the               city               of               Buenos               Aires               for               nearly               2               months,               and               I               did               not               get               to               see               nearly               everyplace               that               I               wanted.

The               city               is               massive               with               an               extensive               public               transportation               system.

You               can               do               anything               in               the               city               pretty               much               year               round.

March               to               June               lets               you               miss               the               other               tourist               masses.

From               Buenos               Aires               there               are               many               day               trips               you               can               take.

San               Antonio               de               Areco               has               the               most               popular               estancias               -               gaucho               ranches               where               you               pay               for               a               day's               trip               and               are               suitably               entertained.

There               is               lots               of               fantastic               food               and               suitably               dressed               gauchos               for               the               tourist               in               you.

You               can               go               to               Uruguay.

If               you               want               to               go               to               Tigre,               a               series               of               islands               with               artisanal               shops               in               the               Rio               de               La               Plata,               I               would               suggest               you               go               a               bit               earlier               in               the               year.

As               they               say,               Tigre               is               beautiful               when               the               day               is               beautiful.

The               days               get               more               overcast               as               June               draws               near.

Other               excursions,               like               going               to               the               beach,               may               be               2               or               3               day               jaunts               and               should               be               done               in               March.
               NB:               In               Buenos               Aires               in               particular,               many               people               speak               enough               English               to               conduct               some               business               transaction               (market               etc),               but               they               simply               do               not               want               to               use               it.

If               you               want               to               shop               in               the               ferias               (literally               "fairs,"               there               is               one               every               Sunday               in               most               neighborhoods               with               vendors               selling               everything),               learn               numbers               and               handy               phrases               and               expect               tourist               mark               ups.

Bargaining               is               not               customary               unless               you               know               a               price               is               outrageous.

Then,               get               a               native               to               bargain               for               you.
               Tierra               del               Fuego
               This,               the               Land               of               Fire,               is               basically               Antarctica.

It               is               apparently               nicer               in               the               warmer               months,               but               I               know               people               who               have               gone               in               the               dead               of               winter               and               had               a               blast.

I               don't               think               it               changes               much               with               the               seasons.
               Iguazu
               Iguazu               Falls               are               located               at               the               tri-border               with               Paraguay               and               Brazil.

They               are               magnificent.

This               area               is               also               home               to               the               most               visibly               population               of               Guarani               Indians               in               the               country.

The               falls               themselves               are               incredible.

Around               May,               though,               the               dry               season               begins               and               visiting               them               can               be               hit               or               miss.

There               is               a               Brazilian               side               of               the               falls.

Unless               you               are               going               to               Brazil,               I               suggest               you               skip               it.

You               have               to               purchase               a               tourist               visa,               which               will               set               you               back               around               $150               US.

I               recommend               going               around               March               and               April.
               NB:               The               Argentine               government               requires               that               all               people               returning               from               Iguazu               have               a               yellow               fever               vaccine.

The               CDC               identifies               it               as               an               area               with               malaria.

Consult               your               physician,               etc.
               Mendoza
               This               is               the               heart               of               Argentine               wine               country.

You               can               take               bicycle               tours               to               vineyards               and               go               on               tastings.

You               can               also               go               horseback               riding               and               rock               climbing               and               all               manner               of               adventure               sports.

You               are,               actually,               beside               a               mountain.

All               of               Mendoza's               activities               are               available               through               at               least               mid-June.
               Bariloche
               This               is               also               wine               country,               but               more               importantly               this               is               skiing               country.

This               is               the               trickiest               place               to               avoid               crowds.

If               you               want               to               go               skiing               and               skip               Mendoza,               any               off-days               you               can               go               and               do               the               vineyard               thing.

Around               the               beginning               of               July               skiing               starts               up.

The               biggest               tourism               problem               is               Argentines.

In               July               everyone               goes               on               a               two-week               vacation,               and               many               people               go               to               Bariloche.

If               you               want               to               ski,               check               when               the               Buenos               Aires               holidays               are.

Usually,               they               are               the               second               half               of               July,               but               this               year               they               were               moved               up.
               In               short,               Argentina               is               a               fantastic               country               with               great               tourist               options.

The               best               times               to               go               are               March               to               mid-July.

The               country               has               such               great               diversity               that               I               suggest               you               make               a               long               trip               of               it.






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    About 'best exchange rates'|Todays foreign currency exchange rates, 14/12/10 best Exchange rates







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    Nearly               everyone               who               wants               to               become               involved               in               business               has               lofty               goals               and,               often               times,               international               expansion               is               one               of               them.

    In               order               to               assure               a               company               does               so               in               an               effectual               manner               all               areas               of               business               must               be               explored.

    Much               emphasis               is               placed               on               mode               of               entry,               regional               characteristics,               and               import               and               export               issues               but               often,               currency               issues               are               forgotten               about.

    It               is               imperative               that               you,               as               an               up-and-coming               business               person,               understand               currency               exchange               rates               and               factors               that               affect               them               in               order               to               help               yourself,               or               your               company,               remain               profitable.

    Exchange               rates               are               reflective               of               a               nation's               currency               in               units               of               a               different               legal               tender               or               commodity               (Moffett,               Stonehill,               &               Eiteman,               2006).

    Understanding               the               value               of               foreign               currency               and               the               dynamics               that               enter               into               the               increase               and               decreases               in               value               is               key               knowledge               that               will               serve               expansion               plans               favorable               manner.

    There               are               several               factors               that               have               an               effect               on               monetary               exchange               rates.

    Issues               such               as               a               slowdown               in               Gross               Domestic               Product               (GDP)               growth,               relative               prices               in               regard               to               goods               used               for               trade,               and               liquidity               are               a               few.

    Contributing               to               slowdowns               in               growth               of               the               GDP               are               lackluster               manufacturing               areas               and               sluggish               agricultural               regions.

    Each               of               these               has               a               direct               bearing               on               trade,               which               also               influences               domestic               growth.

    Agriculture               is               probably               more               important               than               many               realize               since               nearly               everyone               has               a               reliance               on               that               area               for               sustenance               even               though               it               only               comprises               roughly               20%               of               the               GDP.

    Manufacturing               has               been               compromised               due               to               the               auto               industry               troubles               during               the               economic               downturn.
                   One               of               the               foremost               liquid               economic               markets               in               the               world               is               the               foreign               exchange.

    Liquidity               refers               to               an               asset's               capacity               to               be               effortlessly               changed               by               way               of               making               purchases               or               selling               without               triggering               a               substantial               change               in               price               and               with               smallest               possible               damage               to               overall               worth.

    In               the               international               overseas               exchange               and               interrelated               markets,               the               volume               that               is               exchanged               on               a               daily               basis               is               recurrently               increasing.

    Every               day               yields               were               said               to               be               in               excess               of               US$3.2               trillion               in               April               2007               by               the               Bank               for               International               Settlements               (Bank               for               International               Investment,               2007).

    As               long               as               liquidity               is               adequately               resilient               enough               to               maintain               to               import               payments               then               the               exchange               rates               typically               hang               about               a               steady               level.
                   The               laws               of               supply               and               demand               in               the               foreign               exchange               market               play               a               key               role               in               monetary               values.

    Augmentation               of               and               declines               in               trade               and               money               are               significant               factors               in               exchange               rates               and               eh               ups               and               downs               associated               with               it.

    Most               capitalistic               countries               operate               under               a               floating               system               of               exchange               rates               which               mean               that               the               market               fluctuates               without               interference               from               the               government.

    When               government               begins               to               get               involved               with               private               business,               as               in               socialistic               societies,               the               market               bounces               all               around               and               it               is               difficult               to               determine               what               will               happen               to               the               monetary               aspect               of               the               region.

    One               of               the               advantages               however,               is               the               government's               capacity               to               amend               interest               rates               as               a               result               of               market               activity.

    The               goal               is               normally               to               stabilize               a               volatile               economy.

    The               United               States               is               a               current               example               of               a               volatile               financial               system.
                   In               conclusion,               there               are               numerous               factors               that               come               into               play               with               exchange               rates.

    The               stronger               an               economy               is               the               better               off               their               monetary               stability               remains.

    As               a               business               looks               to               expand               into               the               international               business               community               it               is               in               your,               and               the               company's               interest               to               examine               the               financial               market               of               any               target               region.

    Failure               to               do               so               could               spell               the               decline               of               your               organization               and               create               more               problems               in               an               already               unstable               economy.
                   References
                   Bank               for               International               Investment,               (2007,               December).

    Triennial               Central               Bank               Survey               of               Foreign               Exchange               and               Derivatives               Market               Activity               in               2007.

    Retrieved               August               21,               2009,               from               Bank               for               International               Settlements               Web               site:               http://www.bis.org/publ/rpfxf07t.pdf               
                   Moffett,               M.,               Stonehill,               A.,               &               Eiteman,               D.

    (2006).

    Multinational               Finance.

    New               York:               Pearson.






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