Missing out on the 4+ rate
I've had a number of mongers reach out to me to find out what I did to try and take advantage of the high conversation rate 2 months ago. The truth is, I missed out on it. I think it was like 4. 25 R when I was desperately trying to figure out how I could convert my dollars into reais for my 2 future tips to Brasil. All reports I had seen were saying that if Bolsanerio won the election that the real would become much stronger and the rate would plummet.
1) I went to my Bank of America and Citibank and the best they could do at the time 3. 70 R, o matter howmuch I complained that it was almost 60 cents off the international rate, they couldn't do anything for me. Take it or leave it was the attitude.
2) I thought about sending it to a friend who lived in Rio and have them convert it for me. Western Union also had a shitty rate so that was a no go.
3) I was gett8 ing more and more upset ecause the rate was falling everyday and nobody could give me a good way to get the reais at a good rate.
4) I found out that an ex-help girl that I knew was going back to Brasil in October to see her family so I wired the money to her account and she wired it to her brasilian bank account.
5) She absolutely refused to carry the money on her person to brasil because she said that Rio is very dangerous and she was nervous to walk around with that mush money in case she got robbed. (I begged her to take the cash because I knew she would get a better rate at the cambios but she wasnt having it).
6) she ended up getting 3. 75 R at her bank so basically I was fucked out of about 3600 reais! Trust me when I say I was angry as hell that there was nothing I could do about it. It is very frustrating when I think about all the fun I could have had in Rio with the extra 1000 dollars in my pocket, that is a lot of fucking and partying that got pissed away in the rain!!
I am headed down to Rio in a couple of weeks, I know I will have a great time. I just have stop reminding myself of all the money I could have had in my pocket if there had been an easy / fair way to convert those dollars when the rate was super high.