Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts

Monday, June 24, 2013

South American Currency for Cruise Ship Passengers

Several years ago, I joined a ship in Valparaiso, Chile, and sailed to Buenos Aires, Argentina. In preparation for the journey, I visited my currency supplier and requested Chilean Pesos, Argentinean Pesos, and Uruguay Pesos, as well as Falkland Island Pounds. I was told that one of the currencies was available, but only in larger denominations. Another one could be ordered, but it was not certain when it would arrive. The other currencies were not available, and I should "visit the currency exchange at the airports" (which is kind of hard to do when you are on board a ship). I arrived in Santiago, Chile, a week before departure, so I was able to obtain the necessary Chilean Pesos.

What I discovered on this sailing:
When I tried to spend my Chilean Pesos, I was asked "Do you have US Dollars?  I prefer Dollars." When I handed them a $20 bill, I was asked, "Don't you have something smaller?"
When using local currency, you need to convert just what you will use, because the next country you will visit doesn't accept the previous country's currency.

FACTS--
There are a lot of cruise ships sailing in South American waters.
Most of the ships use US Dollars as the on board currency.
You can convert traveler's checks to US Dollars at the ship's Purser's Office.
There is a limited supply of small US Dollar bills at the Purser's.
Most of the ships do not deal in local currency.

The EXPERIMENT--
Before this trip (encompassing many more South American countries), I went to my local bank and loaded up on a few $10 bills, more than a few $1 bills, and LOTS of $5 bills (all US currency). There are safes in each cabin, so I only took what I wanted to spend at port that day. My goal was to see if, indeed, one could travel from Boston to Buenos Aires and not have to worry about exchanging currencies, but use US Dollars the entire time.

MY FINDINGS --
The US Dollars were gladly accepted the entire trip.
Only ONCE were the dollars not accepted. On our last day in Buenos Aires, a very young taxi driver wasn't sure about the currency and told me he preferred Argentinian Pesos. Since he had delivered us to our hotel, I just went to the desk and exchanged the $9 I needed, and gave him his payment. (He was prepared to take a credit card for payment, by the way.)
97% of the time, I was given change in US Dollars.
Next time I do this, I MUST take a lot more $1 bills. They really come in handy.
I used a credit card for a large purchase in Lima, Peru. (My favorite camera died in Trujillo.) Other than that, I used my small bills.




Sunday, June 23, 2013

Curious Currency Considerations -- SOUTH AMERICA

Each country in South America has it's own unique currency (with one exception).
I will be creating links, so that it will be easier to visualize. Please keep in mind that when I mention exchange rate, it is a one-time rate based upon the time I checked the rates. (They are in a constant state of fluctuation.) I am comparing the US Dollar to the local currency.

The first country we will be visiting by ship is PANAMA. 
Currency   BALBOA   USD1 = 0.98283 (approx)

Next is ECUADOR.  You will see references to the SUCRE, but this is an obsolete currency.
Currency   US DOLLAR    USD1 = 1

PERU     NUEVO SOL   USD1 = 2.68784

CHILE   PESO   USD1 = 513.498

ARGENTINA    PESO    USD1 = 5.34472

URUGUAY    PESO   USD1 = 20.1836

Many visitors on board cruise ships will elect to visit other countries on land tours afterwards. I will list other countries they might visit.

BRAZIL   REAL   USD1 = 2.13596

COLUMBIA   PESO   USD1 = 1,882

PARAGUAY    GUARANI   USD1 = 4,334.69

BOLIVIA   BOLIVIANO   USD1 = 6.78762

FALKLAND ISLANDS (Islas Malvinas) FALKLAND ISLAND POUND
USD1 = .64643  (which, incidentally, is equal to the exchange rate of the British Pound Sterling) Many cruise ships include the Falklands Islands in their itinerary, depending on weather conditions.

VENEZUELA   BOLIVAR   USD1 = 6,287.81

These are the most visited countries in South America. 
To compare the rates of exchange with your country's currency, click HERE.

Next:  How did I solve the problem of these multiple currencies?




Saturday, June 22, 2013

Curious Currency Considerations-- EUROPE (the south)

When sailing from Miami to Europe, let's assume one first lands at LISBON (Portugal), then continues on to CADIZ (Spain), then BARCELONA (Spain), possibly somewhere in France, finally arriving in Civitavecchia (Italy).

The currency for each of those countries is the EURO. So, to prepare for such a trip, I would ask my local AAA shop to order me some EUROS (with as many small bills as possible).  A day or two later, the Euros would arrive, and I would be thrilled with the number of small bills I had requested.

Next: BUT, things get complicated when you cruise to South America. OR, do they?