Why is Argentina Expensive for a traveler
Why is Argentina Expensive for a traveler? I was reading about having dinner out everyday for 5 dollars and just having the most amazing time traveling in Argentina. Reality hit me hard in Buenos Aires. There is no such thing as cheap.
Norway is one of the most expensive countries in the world to live in and Oslo as one of the most expensive city. Why is Argentina Expensive for a Norwegian girl? I should be ready for this since I live in Oslo. No, I wasn’t. Why didn’t I do my research better, before traveling and studying in Argentina? I wanted to live in Buenos Aires and I don´t regret it. I Loved all the eating in Palermo, I loved visiting Iguazu falls, La Boca and Mendoza, but it was not cheap but neither crazy expensive either.
Why is Argentina Expensive in 2015/2016/2017
Why is Argentina Expensive?
Government, pesos, corruption, inflation & blue market.
One of the main reasons in my opinion is the government in Argentina. They are the mafia and they are doing a lot of corruption, which pretty much destroys the pesos and the trust for the country’s currency. I´m not a finance person or anything. Coming from Norway, I´m shocked on how the government of Argentina are doing corruption at a big scale.
The fact that it actually exists a black market or a “blue market” for the pesos and it is a billion dollar business, is fascinating. The whole country is a fascinating concept. It is an expensive concept for a traveler and for the people in Argentina.
Argentinean people will never know what the value of the money will be for the next week.
When living in Argentina you learn to live with inflation. What a funny concept that from one week to another you maybe need 1/3 more money to get the same things for your daily living.
When I left the country I was using double as much money when entering the country, but I was still buying the same food.
A crazy concept to live by but the Argentinians have to adopt the situation if not – they will get crazy. That was what I did, this is the life for Argentinean people and people living in Argentina either as a student, foreigner or a traveler. Prepare yourself for this way of life when being in Argentina because I don´t think it´s going to change for the next year.
Why is Argentina expensive for the Norwegian girl is another aspects. It has more to do with not having my Norwegian salary in Argentina since I was there as a student and a traveler. I only had savings. If you are on Holiday it will probably be more than fine to be in Buenos Aires and rest of Argentina. If you are traveling in Argentina, it will be more expensive than other places in South America.
Do not take money out of the ATM! It is like putting money out of the window. If you are a traveler or student, look for other opportunities to get more value for your money: like the blue dollar market. Where you exchange American US dollars to pesos and get a higher rate of the pesos. Which is not the right way to end the problem of bad currency, but it will make it easier for you to stay longer in this beautiful country. (Because of the new government, the blue dollar market, is gone. If you have dollars at least you will know that the value of the money will stay equal).
Every month: Hoping that the economy maybe is in a better favor for next month.
Food was and probably still is expansive. My mum asked me; how about the prices for wine? The wine is still cheap. I can’t eat wine for dinner, or could I? A bottle of wine is like 27 pesos! One thing that is way better than Norway, since a bottle of wine in Norway will cost 125 pesos. If you eat dinner at 23:00 Argentinean dinner time, you can skip breakfast the next day! Or just only eat Medialunas for Breakfast. You can save some money.
Another way to save money is to eat early at La Cabrera – Parilla, if you go between 7-8 PM get 40 % off the entire meal and your wine as well. If you are a budget traveler or a student like me, it´s the perfect deal. If you are a foreigner, It would probably be a perfect dinner time as well. Win-win. The food is amazing!
I had sushi for 260 pesos it’s more than I pay for my sushi in Norway which coast 85 pesos. It was great sushi. I’m just saying it´s not cheap in BA. Renting a room is from 400 to 600 USD in Palermo that is crazy, but okay. Great Location coast Great money in Buenos Aires as in any other city in the world.
Thanks for the wake up call Buenos Aires. I like you, but you are expensive for the moment – 11.02.2015.
Why is Argentina expansive in 2015, 2016 and 2017?
Update – 27. November 2016
Why is Argentina expensive in November 2016? The blue market is not existing anymore. You can not get a double amount for US dollars anymore in Argentina. Which makes it more expansive or equal to how the Argentinean has to live everyday. You can not take cash out of an ATM, or you can but they will charge you 100 pesos for each transaction. If you take out 100 pesos they will charge you 100 pesos for the transaction, which is insane. The highest amount you can withdraw from the ATM is 1000 pesos, which is still 10 % fee in 100 pesos. My girl from London is basically telling that Buenos Aires is as expansive as London. Many of our Buenos Aires friends have returned back to their home country because it was not possible anymore to say in Buenos Aires.
Update – 7. January 2016
My friends in Argentina tells me that the blue market is gone with the new government and that the official and the blue dollar rate is the same. You can actually take money out of the ATM and pay with credit cards (if the bank like your card). This is a revolution, if you ask me. Maybe it´s time to go back. My friend is leaving today to BA. I will ask her in month if she thinks it´s less expansive now compared to the year before. What is the value of the money when traveling and living there 2016?
Update – 25. January 2017
My friends in Argentina are struggling the inflation is 40 % up and life is hard for the people trying to make a living. If you are going for Holiday, you will be good. If you have western salary. If you have noticed that flight tickets are ridicules expansive, you should try to take bus to either Chile, Uruguay, Brazil and fly out from these countries and back home. Flying in Argentina is expansive and flying out of Argentina is expansive. Do I love the country and the people? Yes. Will I want to go back? Yes.
The ATM are having a crazy fee for taking out money. The best is to get money transfer.
Nomadic Matt has a great blog post on: