Foreign Exchange Guide to Argentina
In this guide we review :
- Argentine peso info - general info about the Argentine peso
- Travelling in Argentina - currency & money saving tips
- Buying Argentine peso cash online - travel money for Argentina
- Sending money to Argentina - save on Argentine peso bank transfers to Argentina
- Argentine peso exchange rates - latest info & charts.
Argentine peso (ARS) general currency information
Argentina currency and money saving tips
Try to get some pesos as soon as you get to Argentina. Buses do not accept foreign currency. Taxis and shops might accept U.S. dollars, and they should give you a realistic exchange rate, but that can involve some negotiating. Though there are a lot a ATM’s around the city, at times they can run out of money especially around long weekends and holidays. It is standard to be charged a transaction fee of AR $60 (about 4 USD) each time you withdraw money. ATM’s also have a limit as to how much you can withdraw, that will depend on your debit / credit card, your bank and the country your are from. It can go from as low as ARS1000 to as much as AR4000. Definitely talk to your bank and make sure your withdraw limit in Argentina is according to you needs.
There have been occasional Falklands-related protests against British interests in Argentina. You should avoid all protests and demonstrations. Yellow fever vaccination is recommended for travel to some parts of the country. That said, Argentina is a modern country with good health and dental services. Sanitation and hygiene at restaurants is relatively high, and tap water is generally safe to drink throughout the country.
Argentina Trip Checklist
Travel money for Argentina
Save money and time by Ordering your Argentine peso online from Travelex, you get better rates and can pick up the ARS cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Argentine peso otherwise you may get much worst exchange rates.
Sending money to Argentina
When sending money to Argentina it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Argentine peso amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted ARS amount will be transfered to the recipient account you specify in Argentina.
By comparing the rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Argentine peso deposited into the recipient bank account in Argentina and less margins and fees kept by the banks!