What is the currency like in Argentina?

What is the currency like in Argentina?

Argentine Peso
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.

Is USD used in Argentina?

In December 2015, US dollar exchange restrictions were removed in Argentina following the election of President Mauricio Macri. As a result, the difference between the official rate and the unofficial “blue” rate almost disappeared. The official exchange rate was on April 1, 2016, 14.4 to US$1.

What is the most common currency in Argentina?

The ARS (Argentine peso) is the country’s official currency that began circulation in 1992, shortly after the country plunged into an economic depression. In the early 2000s, the Argentine government took steps to peg the exchange rate at around 3 pesos to 1 U.S. dollar.

How many Argentine pesos is a dollar in the black market?

Argentina’s diverging exchange rates Actually, while on official circuits the Argentine currency exchange rate is around 100 peso per dollar, on the black market the peso is in free fall and about 100% higher than the official exchange rate.

How much does a dollar buy in Argentina?

The blue dollar exchange rate today (21st November 2021), is ARG $197.50 for US $1. What is this? The official rate is ARG $99.96 for US $1 and Western Union rates are even more favourable.

Do they accept US dollars in Buenos Aires?

U.S. dollars are no longer as widely accepted in Buenos Aires as they were before and immediately after the December 2001 peso crisis. However, you can still use them to pay in some business-class hotels, and at restaurants and businesses catering to tourists.

What is the currency in Buenos Aires?

the Argentine peso
Argentina’s national currency is the Argentine peso.

What is the cost of living 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 strong is the US dollar in Argentina?

1 US Dollar to Argentine Peso stats

Last 30 Days Last 90 Days
High These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 111.20 111.20
Low These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. 108.02 102.68