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Intercam ex rates


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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

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On 5/14/2020 at 4:29 PM, lakeside7 said:

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

Was there yesterday and there was a 3 peso spread (dollar/peso) I walked into a rep's office and said this is ridiculous and he also said they had too many dollars but if  I was depositing a check it would be a 1 peso spread . I got the confirmation today and It was about .77

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