The currency in Argentina and how to exchange money in Argentina are some of the most confusing things for foreigners visiting or living in the country. The Argentine currency, the Argentine peso, is very unstable. Its value compared to the American dollar changes a lot – and mostly its value is going down! When the Argentine peso is depreciating (i.e. decreasing its price compared to other currencies), it means that you can buy the same amount of Argentine pesos for a smaller amount of your own currency. To complicate things, even more, currently, there is a dual exchange rate on the Argentine peso. There are two operating exchange rates; the…

Currency exchange rates are on everybody’s lips in Argentina. You don’t have to spend a long time in Argentina before you realize that. The Argentine peso’s rate compared to the American dollar is a topic of small talk in the street and very frequently discussed in the Argentine media too.  Since 2019, the Argentine peso’s exchange rate to the American dollar has been even more confusing since a parallel official and unofficial exchange rate system was installed. This means that there are actually two exchange rates to keep track of. And the difference between them can get as high as 50%. But what does all this mean? Why is it…