How much is a dollar blue in Argentina?
The amount of pesos you get at the blue dollar rate is higher than the official rate offered at the banks and Bureau de Change offices. For example, the blue dollar exchange rate today (27th March 2020), is ARG $78.50 for US $1. The official rate is ARG $61.44 for US $1.
What is the cepo in Argentina?
Argentina installed foreign exchange controls in 2011, at the beginning of the second presidency of Cristina Fernández de Kirchner. Those controls limited the ability to buy or sell any foreign currency. The restriction was informally known in Argentina as “Cepo cambiario” (Spanish: exchange clamp).
What is the dollar blue?
The “Dolar Blue” is basically the price of the American dollar in the unofficial market in Argentina. Since its price is much higher than the price of the “official dollar”, foreigners are usually interested in these transactions. Therefore it is not possible to withdraw American dollars from an ATM.
How far does a dollar go in Argentina?
At the time of writing, one US dollar is worth about $86 officially and worth about $151 on the parallel currency market. So with renewed ‘creative’ currency controls, the situation is that travelers can save lots of money if they come to Argentina with US dollars in cash.
How much does it cost to live in Argentina?
Cost of Living and Housing Currently, $1 is worth about 37 pesos. According to numbeo.com, the cost of living in Argentina is 50% to 60% less than in the U.S. All told, you can expect to live comfortably on $1,500 per month. If you were particularly economical, you could expect to get by on about $1,000 per month.
How much is the official dollar in Argentina?
Convert US Dollar to Argentine Peso
| USD | ARS |
|---|---|
| 1 USD | 100.754 ARS |
| 5 USD | 503.77 ARS |
| 10 USD | 1,007.54 ARS |
| 25 USD | 2,518.85 ARS |
How much does a dollar cost in Argentina?
Convert US Dollar to Argentine Peso
| USD | ARS |
|---|---|
| 1 USD | 100.681 ARS |
| 5 USD | 503.404 ARS |
| 10 USD | 1,006.81 ARS |
| 25 USD | 2,517.02 ARS |
What currency are they using in Argentina?
Argentine peso
Argentina/Currencies
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos.
Can you use US dollars in Argentina?
The official currency of Argentina is the Argentine Peso, however, it’s common to use US dollars when travelling in the country. Up until 2015, Argentina had a black market (known as the ‘blue’ market) so travelling with and spending US dollars in cash was an absolute must.
Is Argentina cheap right now?
As of this writing (March 2021) Argentina is quite affordable for those bringing in high-value currencies. If on a tight budget, expect to spend as little as US $22-30 per day, including hostel accommodation, cheap eats, and local public transport.