Argentina Peso Exchange Rates Go Through a Rollercoaster Ride

Argentina's peso has been on a rollercoaster ride in recent years, reflecting the country's economic turmoil.

In 2018, the peso lost over 50% of its value against the US dollar. This was due to a combination of factors, including rising inflation, a widening current account deficit, and political uncertainty.

In 2019, the peso stabilized somewhat, but it came under renewed pressure in 2020 due to the COVID-19 pandemic. The pandemic caused a sharp decline in tourism and remittances, which are two important sources of foreign exchange for Argentina.

In 2021, the peso continued to depreciate, reaching a record low against the US dollar in October. This was due to a number of factors, including rising global inflation, the war in Ukraine, and Argentina's ongoing economic problems.

What does the future hold for the Argentine peso?

The future of the Argentine peso is uncertain. However, there are a number of factors that could contribute to its recovery. These include:

• A reduction in inflation
• A narrowing of the current account deficit
• Increased foreign investment
• Political stability

If these factors are not addressed, the peso is likely to continue to depreciate.

How to Get the Best Exchange Rate for Argentine Pesos

If you are planning to travel to Argentina, it is important to get the best possible exchange rate for your money. Here are a few tips:

• Compare rates from different banks and exchange bureaus.
• Look for exchange bureaus that offer no-fee transactions.
• Use a credit card or debit card that does not charge foreign transaction fees.
• Avoid exchanging money at the airport, as you will likely get a worse rate.

Common Mistakes to Avoid When Exchanging Argentine Pesos

Here are a few common mistakes to avoid when exchanging Argentine pesos:

• Not comparing rates. The first step is to compare rates from different banks and exchange bureaus. This will help you find the best possible rate for your money.
• Exchanging money at the airport. Airport exchange bureaus often offer the worst rates. If possible, avoid exchanging money at the airport and wait until you get to your destination.
• Using a credit card or debit card that charges foreign transaction fees. Some credit cards and debit cards charge a fee for each transaction made in a foreign currency. This can add up quickly, so it is important to use a card that does not charge these fees.

FAQs About Argentine Peso Exchange Rates

Here are some frequently asked questions about Argentine peso exchange rates:

• What is the current exchange rate for Argentine pesos? The current exchange rate for Argentine pesos can be found on a variety of websites, including XE.com and Google Finance.
• How much will it cost to exchange $100 USD to Argentine pesos? The cost to exchange $100 USD to Argentine pesos will vary depending on the current exchange rate. However, at a rate of 1 USD = 91.27 ARS, you would receive approximately 9,127 ARS.
• What is the best way to exchange Argentine pesos? The best way to exchange Argentine pesos is to compare rates from different banks and exchange bureaus. You should also look for exchange bureaus that offer no-fee transactions and avoid exchanging money at the airport.
• Can I use US dollars in Argentina? US dollars are widely accepted in Argentina, but you will get a better rate if you exchange your dollars for Argentine pesos.

Additional Information

In addition to the information above, here are a few additional resources that you may find helpful:

• XE.com - A website that provides up-to-date currency exchange rates.
• Google Finance - A website that provides financial information, including currency exchange rates.
• The Central Bank of Argentina - The official website of the Central Bank of Argentina.