FlyerTalk Forums - View Single Post - So what's the situation "on the ground" with the currency crisis?
Old May 16, 2018 | 12:24 pm
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iahphx
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Originally Posted by Marambio
I think you are confusing the current situation with hyperinflation periods of the past or the 2001/2002 crisis, and current events are very different from those periods.

Life these days is business as usual. Everyone is pricing in pesos, prices are not constantly changing, ATMs are working, credit cards are accepted (I actually bought a plane ticket in a European website with my Argentine credit card a few days ago, and had no issues at all), and there are no disruptions other than your typical daily Buenos Aires protests.

Prices will obviously rise in many items over the next weeks, as customary after a devaluation, but this is not Argentina in the late 1980s nor Venezuela, where they change daily.

I don't see why you shouldn't plan your upcoming trip. We are at the end of the "hot sale days" here and there were quite a few nice offers (in pesos) in plane tickets and hotels throughout the country. Maybe it's worth taking a look.
Thanks. Yes, I know this hasn't (yet?) reached the craziness of 2002, but the Argentine peso has declined about 20% against the dollar in a month! I'd be pleasantly surprised if my trip to Argentina would now be (almost) 20% cheaper. If this holds, I will be spending more time in Argentina and less time in, say, Chile (where their currency is a little weaker, but still quite strong). FWIW, on my last trip to Argentina, a few months ago, I found the Peso to be somewhat overvalued -- in the sense that many things seemed as expensive in Argentina as in the USA. That was 17 pesos to the dollar instead of today's 24 or 25. Which leads to one more question: are tbe "cambio" guys back, and what is their rate?
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