Argentina
How much can you save travelling now to
Hotel
August 2023
Room in 5-star hotel costs from €262, which in Nov 2021 was €365.
You can save on your hotel costs:
-28,3%
Food
August 2023
2 dinners, 2 beer, 2-litres Coca Cola costs €33, which in Nov 2021 was €30. You can save on food costs:
+10%
Shopping
August 2023
Cinema ticket, Zara dress, Levi's jeans, Nike sneakers and iPhone 12 costs €2126, which in Nov 2021 was €2290. You can save on shopping:
-7,2%
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 17% in comparison with Euro and more than 28% with USD.
Inflation rate is 71% and EU inflation is 9.1%.
Tickets
There are plenty of cheap tickets to Argentine from other European countries. The cheapest tickets in August are:
133€ from Santiago
153€ from Montevideo
228€ from Asuncion
270€ from Rio de Janeiro
The BigMac Index by The Economist suggests that Argentine Peso is 11,3% undervalued if we look at the Raw Index. And is 15,3% overvalued using GDP-adjusted methodology.