FlyerTalk Forums - View Single Post - tourist rate when paying in ARS on booking.com
Old Jul 1, 2024 | 8:52 pm
  #9  
M60_to_LGA
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Join Date: Jun 2011
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Hi - I just want to clarify how hotel bookings work. I have a reservation at a hotel in Argentina, with the price quoted in USD. The hotel says they'll then convert that price to pesos at the official rate when they charge me. I'll then use my US-issued credit card to pay that amount in pesos, which will then be converted back to USD at a much more favorable (for me) exchange rate. So, with the current official rate of around 900:1 and a blue/MEP rate closer to 1400:1, that means I'm going to save something like 40% on the hotel's quoted USD price - is that correct?

Thanks in advance for confirming my understanding or telling me that I'm completely confused!
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