Intercam EX RATE FOR US$

I have noticed that for the past couple of weeks the posted Intercam ex rate for the $US has been less than stellar.

The "normal"  spread between the "Bank" spot rate and what Intercam offers is about 1 to 11/2

Now I noticed today's "spot rate " of 23.8 ........and Intercam is showing a ex rate of 21. When I questioned the wider spread I was told that the bank has too many dollars..but for a transfer rate they can give you a more attractive ex rate

I recall a few years back I had the same experience at Actinver....they were swimming in hard currency and would give you a better rate for a check

lakeside7 wrote:I have noticed that for the past couple of weeks the posted Intercam ex rate for the $US has been less than stellar.

The "normal"  spread between the "Bank" spot rate and what Intercam offers is about 1 to 11/2

Now I noticed today's "spot rate " of 23.8 ........and Intercam is showing a ex rate of 21. When I questioned the wider spread I was told that the bank has too many dollars..but for a transfer rate they can give you a more attractive ex rate

I recall a few years back I had the same experience at Actinver....they were swimming in hard currency and would give you a better rate for a check

I transferred money from US to Santandar last week and got 22.5, I believe spot was around 24.