Currency Exchange in Argentina: Tips for International Students

Argentina is currently facing economic challenges, and the exchange rate for foreign currencies fluctuates due to inflation. Here's a simple guide to help you navigate the two main types of exchange rates: official exchange and blue exchange.

Official Exchange

The official exchange rate is the rate set by the government and is usually lower than the blue exchange rate. Here are some scenarios where you'll encounter the official exchange rate:

• Bank Exchanges: When you convert your foreign currency to Argentine pesos at a bank, you'll receive the official rate.

• Credit and Debit Card Purchases: Using a non-Argentine credit or debit card for purchases in Argentina will typically give you the official rate.

  
  

Cambio Blue

The blue exchange rate, also known as the "dollar blue," is an unofficial rate that is higher than the official rate. It's used in less formal transactions and can offer a better value for your money. Here’s how you can access the blue rate:

• Western Union and Similar Services: Sending money through Western Union can also give you a rate different from the official rate. The rate may be higher or lower than the blue rate, so it’s worth checking the current rate before making a transfer.

• Personal Exchanges: Exchanging money with individuals often gives you the blue rate. Be cautious and ensure you trust the person you are dealing with.

• Exchange Houses: Some exchange houses, particularly those on Florida Street in Buenos Aires, offer the blue rate. These establishments are more organized and safer than personal exchanges.

  
  
  
  
  
  

Recommendation:

We advise you to transmit the remaining funds using Western Union and bring a little amount of cash with you when you enter the country. You can visit this website, https://www.perfil.com/temas/euro-blue, to check the current day's change.