Current Exchange Rates
With its wealth of natural resources and fertile land, Argentina enjoyed an abundant beginning to the 19th century as one of the world’s richest countries. Through the years a chaotic political landscape, corruption and free-for-all privatization in the 80’s and 90’s has wreaked havoc on the economy since the golden (or in Argentina’s case, silver) days. Ever since the 2001 economic crisis and resulting devaluation of the peso, visitors looking to get mileage for their moolah have been flocking to Argentina.
The country’s economic situation has stabilized somewhat for citizens but Argentina is still considered very affordable for travelers. In the last few years rapidly rising inflation has made some basic goods and restaurants quite pricey compared to a few years ago. The increase is offset for those with Euro’s or Dollars due to their gain on the Argentine peso. Travelers currently receive about 3.78 pesos to the U.S. dollar, 3.5 to the Australian dollar and about 5.5 to the Euro. These rates are likely to fluctuate on a daily basis, so check this currency converter before planning your trip.
