Argentina
How much can you save travelling now to
Hotel
July 2021
Room in 5-star hotel costs from €365, which in Nov 2019 was €314.
You can save on your hotel costs:
-14%
Food
July 2021
2 dinners, 2 beer, 2-litres Coca Cola costs €30, which in Nov 2019 was €29. You can save on food costs:
+3,4%
Shopping
July 2021
Cinema ticket, Zara dress, Levi's jeans, Nike sneakers and iPhone XS costs €2290, which in Nov 2019 was €1634. You can save on shopping:
+40,1%
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 5% in comparison with Euro and more than 7% with USD.
Inflation rate is 38,5% and EU inflation is 0,9%.
Tickets
There are plenty of cheap tickets to Argentine from other European countries. The cheapest tickets in July are:
1143€ from Vilnius
1157€ from Barcelona
1248€ from Paris
1316€ from Cologne
The BigMac Index by The Economist suggests that Argentine Peso is 34,8% undervalued if we look at the Raw Index. And is 11,6% overvalued using GDP-adjusted methodology.