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<p>[QUOTE="Jim Dale, post: 7419946, member: 100459"]When I was in Uruguay 1966-1968, we rented an apartment from a bank manager. He gave us a tip that if we had some U.S. Dollars, to go to the bank and buy the Uruguayan pesos. The exchange rate changed almost every day. My companion and I had a few hundred dollars in cash then (until we received a check from our parents.) and we each took $100 to the bank. The exchange rate that day was $1 for 200 pesos. So we each walked out of the bank with 200 pesos. The night, the manager told us to take our pesos and cash them into the bank for dollars. So, the next day we took our pesos in to cash them in for dollars. The exchange rate was now 100 pesos for a dollar. So we each walked out of the bank with $200. I'm sure if the bank found out our landlord gave us an inside tip, he would be thrown out of the bank and into the jail, but we never told anyone until we got back to the States. We never saw another exchange rate that volatile.[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 7419946, member: 100459"]When I was in Uruguay 1966-1968, we rented an apartment from a bank manager. He gave us a tip that if we had some U.S. Dollars, to go to the bank and buy the Uruguayan pesos. The exchange rate changed almost every day. My companion and I had a few hundred dollars in cash then (until we received a check from our parents.) and we each took $100 to the bank. The exchange rate that day was $1 for 200 pesos. So we each walked out of the bank with 200 pesos. The night, the manager told us to take our pesos and cash them into the bank for dollars. So, the next day we took our pesos in to cash them in for dollars. The exchange rate was now 100 pesos for a dollar. So we each walked out of the bank with $200. I'm sure if the bank found out our landlord gave us an inside tip, he would be thrown out of the bank and into the jail, but we never told anyone until we got back to the States. We never saw another exchange rate that volatile.[/QUOTE]
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