December 4, 2023

We now have coated Argentina’s unofficial trade charge market that lets you get 80% to 100% extra pesos by bringing crisp $100 payments and changing them regionally (learn extra right here).

Argentina has tried to cease this observe and began to supply higher trade charges for transactions accomplished utilizing foreign-issued bank cards. This “bank card” trade charge is 10% to fifteen% lower than the unofficial blue however lets you save the VAT on lodge lodging.

So, I made exams after I stayed in Buenos Aires and Mendoza by paying sure transactions utilizing Visa (US), American Specific (Finland), and HSBC (Hong Kong) to see how these cost networks deal with this uncommon state of affairs.

Visa Foreign money Conversion Calculator:

Visa’s calculator helps you to see the trade charge used for transactions in foreign-issued bank cards.

Mastercard Foreign money Conversion Calculator:

Mastercard’s calculator doesn’t. As a substitute, it provides you the official trade charge of 228 ARS per USD when the Blue Greenback charge is 470 or so.

American Specific Foreign money Conversion Calculator:

I couldn’t discover one!

Visa Prices Argentina

Visa handles the costs coming in ARS accurately. They shut on the right trade charge (varies day by day).

Mastercard Prices Argentina

The cost closes utilizing the official trade charge, however you’ll a couple of days later obtain a refund that’s dated to the unique date.

American Specific Prices Argentina

The ARS transactions have been first posted utilizing the official trade charge, and a refund was posted roughly every week later, backdated to the unique transaction date.

Blue Charge Versus Credit score Card Charge

There’s a unfold between the Blue Greenback and the bank card charge.

Exchanging Money In Argentina:

Greenback Blues In Argentina 2023 Model – Bear in mind To Carry Crisp $100 Notes


Paying lodge bills utilizing a international bank card is sensible since you don’t must pay the 21 VAT on lodging.

There’s a 15% unfold between the Blue Charge and the international trade charge, and it can save you extra IF you deliver crisp $100 notes and make the trade in Buenos Aires on the right charge. Sadly, trade homes in Mendoza weren’t aggressive, and I ended up simply swiping a bank card there and saving the greenback notes elsewhere.

The bank card acceptance is great, and I didn’t have the identical points getting a automobile (Uber or Cabify) when utilizing the apps and paying utilizing a card as on my earlier journey final 12 months.

Unsure what was going down in Argentina over my two stays there final month, however the Blue Charge moved from 395 ARS to USD to shut to 500, and it’s now hovering round 470.

You can be positively shocked what’s going to publish to your lodge stays in Argentina which are at all times quoted in USD after which transformed utilizing the official trade charge to ARS that you simply settle utilizing the pseudo bank card blue charge and save 40% to 45%.