Scam in ParaguayChanging money
Poor rates from street money changers in Paraguay
How it works
Street vendors offer currency exchange at very poor rates. They are also described as untrustworthy, so a convenient exchange can leave you with less money than expected.
Warning signs
- Someone offers to exchange money on the street.
- The offered rate is much worse than the rate you checked.
How to avoid it
- Do not exchange money with street vendors.
- Check exchange rates before changing cash.
- Use an established exchange office.
- Confirm the final amount before handing over money.
If it happens to you
Check the amount immediately. If there is a dispute, avoid confrontation and keep any evidence of the transaction.
- Move to a safe place. Avoid chasing a thief or escalating an argument.
- Check what is missing. Freeze stolen cards and tell your card issuer about any unauthorised payments.
- Secure affected accounts. If your phone was stolen, use available remote-lock tools and contact your mobile provider.
- Save evidence, including receipts, messages, transaction records, locations and descriptions.
- Report theft or fraud to police. Ask for a written report or reference number for insurance and payment disputes.
- Contact your embassy if your passport is missing or you need consular help. Notify your insurer and keep copies of all reports.
Questions
What is the poor rates from street money changers scam in Paraguay?
Street vendors offer currency exchange at very poor rates. They are also described as untrustworthy, so a convenient exchange can leave you with less money than expected.
How can I spot it early?
Someone offers to exchange money on the street. The offered rate is much worse than the rate you checked.
How do I avoid poor rates from street money changers in Paraguay?
Do not exchange money with street vendors. Check exchange rates before changing cash. Use an established exchange office. Confirm the final amount before handing over money.
What should I do if it happens to me?
Check the amount immediately. If there is a dispute, avoid confrontation and keep any evidence of the transaction.
Where in Paraguay does this happen?
Street money vendors.
How common is this scam in Paraguay?
Common. Paraguay is generally safe, but visitors should watch for pickpockets, taxi overcharging and poor deals from street money changers. Police may also ask for bribes during stops, although most police in Asunción are described as not corrupt. Stay alert to your belongings in cities, especially Ciudad del Este.
Who can I report it to?
Police: report theft or fraud at a police station. Bring any evidence and ask for a written report or reference number. Card issuer or bank: use the official banking app or a verified contact number to freeze a card, report unauthorised transactions and ask about a payment dispute. Your embassy or consulate: use its official contact details for help with a stolen passport or a threatening encounter involving officials. Travel insurer: use the claims or assistance contact on your policy. Keep police reports, receipts and proof of loss. Seller or service provider: request a refund through a verified contact channel. Keep the receipt and a written record of the complaint.
Reviewed by @snuck