Prices have increased considerably since I spent a year here back in 2007 to 2008. Back then it was relatively cheap to live here in comparison to the USA or EU. Assuming you had modest savings in a strong currency like Dollars or Euros you could live very comfortably. Many people chose Buenos Aires as a location for retirement.
The exchange rate in 2007 was u$d1 = arg 3 pesos
The official exchange rate in 2013 is u$d1 = arg 5 pesos
The actual exchange rate on the street aka "blue rate" is more like arg 6.5 pesos
You might expect more bang for your buck with the change but with inflation it is quite the opposite. In the table below I have tracked changes in prices since 2007. Here is the original post that attracted a lot of attention back then.
.Use the scroll bars below to see the entire list or click here
UPDATED JANUARY 2013
.
The exchange rate in 2007 was u$d1 = arg 3 pesos
The official exchange rate in 2013 is u$d1 = arg 5 pesos
The actual exchange rate on the street aka "blue rate" is more like arg 6.5 pesos
You might expect more bang for your buck with the change but with inflation it is quite the opposite. In the table below I have tracked changes in prices since 2007. Here is the original post that attracted a lot of attention back then.
.Use the scroll bars below to see the entire list or click here
UPDATED JANUARY 2013
.
Tags: ..Inflation in Buenos Aires, Argentina 2013..
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I was quite surprised at the costs during my visit last year, especially domestic flights (and little award availability) so scaled my trip back and future plans to explore more are on hold.
ReplyDelete@RTC:non nationals pay double the fare that nationals do. Even though they introduced a law to ban 2 tier pricing the state owned national airline still practices tourist gouging..
ReplyDeletei am a living Granada Nicaragua prices here are half of what they are in Buenos Aires Granada is nice safe colonial town not much to do except drink ,i beer 20 cordobas less than a dollar last night i went out with some friends for drinks ,we hard a bottle of Flor De Caina 7 year served with ice and cokes for less than 20 dollars inc tip and service
ReplyDelete@Sean - I was there in 2008 and it was extremely cheap back then too.
ReplyDeletehttp://paddyinba.blogspot.com/2008/05/nicaragua.html
How long will you stay?
We just got back yesterday from 11 days in BA for the holidays. It was much more expensive than I remember from my travels there in the 90's. And the worst part is that we have USD200 worth of ArPesos no one will buy back. (But most of the Malbec is still a good deal.)
ReplyDeleteI just got back from a trip to Australia (Sydney, Cannes) in Sep/Oct. Holy hell...I had to mortgage the house just to pay for lunch!
ReplyDelete@Frank O: I guess you'll have to save those pesos for a return trip or donate them to another traveler headed to BA. The malbec has increased a fair bit but you're right it's good value still
ReplyDelete*smiles* It is only more expensive for Americans and europeans - not for Canadians, Australians, New Zealanders, Chinese etc. It is because the US Government is deliberately devaluing the US dollar by printing money.
ReplyDeleteJohnnie Wendt
Bloody hell!!! I lived in Buenos Aires from 2005 - 2008 but haven't been back since. I'm going there for three weeks in June this year and while I knew things had gone up I'm actually shocked reading this! 18 pesos for a cup of coffee!!! 87 pesos for ice cream! G'ah!!! Better get saving. Thanks for the post. Fantastic to have up to date information.
ReplyDelete