How much can you save travelling now to
Why Argentina is cheaper now?
Argentina peso experiences dramatical down for some time already, as well as Argentina’s economy due to so called “endless storms”. Peso declined 108.7% against the USD. Country’s statistic agency INDEC, says that 32% of population is living in poverty. President Macri has signed last year $56.3 billion deal with International Monetary Fund and as a part of this deal has cut government spending and raised utilities prices. Above that inflation rate is over 50%, which makes Argentina not the best place to live in, but more affordable for tourists.
Unique national parks, tango, very delicious food, - are among the top attractions there. It’s time to enjoy it!
Update: since the beginning 2020 Argentina was in default but in July has reached an agreement with creditors to restructure around $65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.
Peso has lost more than 57% in comparison with Euro and more than 63% with USD.
Inflation rate is 52.9% and EU inflation is 1.6%.
There are plenty of cheap tickets to Argentine from other European countries. The cheapest tickets in August are:
581€ from Paris
585€ from London
592€ from Madrid
615€ from Amsterdam
The BigMac Index by The Economist suggests that Argentine Peso is 49,8% undervalued if we look at the Raw Index. And is 18,6% undervalued using GDP-adjusted methodology.