Exchange Rate is a rangy gray stallion who spends his work days in both Kentucky at Three Chimneys Farm and in Argentina.
[cleeng_content id="518375008" description="Read it now!" price="0.15"]Even with his time spent outside the United State he doesn’t need a passport. He is part of a cooperative effort begun by Three Chimneys with a small Argentine group to breed more durable thoroughbreds whose sale value is enhanced by the on-track past-performances of American stallions.
Argentina provides the broodmares. And Three Chimneys Farm in Midway, Kentucky provides the stallions with gene pools from Northern Dancer, Mr. Prospector, Danzig, and other graded stakes champions.
Exchange Rate has been flown to Argentina each year since 2009. He has been taken on the same flight as Stormello and Flag Down to spend the Southern Hemisphere breeding season at La Leyenda. Exchange Rate’s stud fee is a reasonable $25,000.
The first of Exchange Rate’s Argentine sons and daughters to go racing have all done so in South America. Of those that have been racing, nearly 85-percent have already won and several have made off with Argentine stakes victories.
The Argentine operation in San Antonio de Areco now has six stallions and 70 mares. It is Argentina’s most important breeding center and is located about an hour’s drive from Buenos Aires.
The business manager at La Leyenda says of his good fortune to have Exchange Rate: “Kicking off with a stallion of his stature, his proven success, and the potential of Exchange Rate puts us on the map straightaway as an important breeding operation.”
Exchange Rate is a part of a three-year joint-venture agreement.
The conformation-pleasing gray is reliable when it comes to producing on-track winners. Owners of mares look at his family tree and see he is the son of Danzig, a proven sire whose progeny own graded stakes and Group I wins in North America and Europe.
Exchange Rate has the deserved reputation as a producer of foals that have his muscular and powerful hindquarters to help drive them to victory. Because of the physical stature and eye appeal of his foals, his progeny have often brought six-figure bids when sold at auction.
In his first breeding season in Argentina, he covered 110 mares. Half of those mares were South American stakes winners or had already foaled stakes winners themselves. In his first two “crops” of foals, there have already been 25 stakes winners of Argentine races.
When the breeding season ends in Argentina, Exchange Rate is flown back to Three Chimneys to stand at stud for the breeding season in America. Sort of a vacation while still working on two continents.
Exchange Rate has sired Grade I winners in this country in Ermine and Swap Fliparoo.
The photogenic gray has done well when standing in Kentucky. Of his North American foals, nine-percent have won stakes races. He was a Top 10 Juvenile Sire in 2011 by earnings, stakes winners, and stakes horses. His first crop ran in actual competition for the first time in 2011.
In his three years of racing, Exchange Rate won six of his 15 tries. He had a pair of runner-up finishes and was also third twice more. His career earnings were $479,803.
At age two, Exchange Rate had three starts, winning his first time out in a maiden special weight event at five furlongs at Hollywood Park in California. His other two starts as a juvenile produced a second-place finish in both the Best Pal Stakes (Grade III) and the Hollywood Juvenile Championship Stakes (Grade III).
When he was three he posted a win in the Risen Star Stakes as well as winning a handicap race at Churchill Downs and an allowance race at Santa Anita. His three-year-old record showed three wins in six tries.
Racing again at age four, Exchange Rate won the Grade II Tom Fool Handicap at Belmont Park and an allowance race at Santa Anita. His two third-place efforts were in the Grade II Frank E. Kilroe Mile Handicap and the Grade II Churchill Downs Handicap.
As a stallion at Three Chimneys Farm, Exchange Rate stands at a thriving Kentucky farm that has quickly made a reputation as a Top Five stud farm and consignor of thoroughbreds to auctions.
The operation began only 40 years ago and moved toward the forefront of the equine industry when it entered the stallion business in 1984 by syndicating Slew O’ Gold.
While many of the other Kentucky-based farms had up to 45
stallions to choose from, Three Chimneys marketed itself as a “botique stallion operation” that treated each stallion and his syndicate with individual attention. It wasn’t long before Three Chimneys had attracted Seattle Slew, Wild Again, Nodouble, Capote, Rahy, Chief’s Crown, and the sire of Barbaro, Dynaformer.
Three Chimneys reports it has consigned approximately $500 million worth of thoroughbreds at public auctions. Its band of sires has produced foals with combined earnings of $1 billion and over 1,000 stakes wins.
When Three Chimneys began its operation it had 100 acres of bluegrass Kentucky ground. And now it has 2,000 acres. Its first staff had one worker and now it employs more than 100.
The farm conducts 60-80 minute tours of its facility five days a week. Appointments are necessary and the $10 per person fee goes to charity. Tour buses and vans often appear at an entrance off Big Sink Pike. Selected thoroughbreds are brought out to see and be seen by the public.
Exchange Rate may not be fluent in the Spanish spoken in Argentina where he spends about half his days. And he may not be shown to those folks on tours in Kentucky.
But his “nominal” stud fee of $25,000 has become something of a bargain at ever-growing Three Chimneys.[/cleeng_content]