Originally Posted by beachfan

For me, the rate is quoted in dollars. Where do you see the rate quoted in ARS?

I think you start in dollars, the hotel converts to Argentine Pesos at one rate and your credit card company converts back to dollars at a better rate.

i think the hotel converts using something close to their official rate , their bank rate, and your us credit card company uses the MEP rate.

i think the VAT is also removed. I’m unsure whether the rates showing on Hyatt.com include VAT. If VAT is 21% and the rate includes VAT then the

.79x (The ratio of Argentine bank rate to MEP) is your discount. These rates are published daily.