Exchanging Foreign Currency to Argentine Pesos
Argentina has a floating exchange rate system and therefore the value of foreign currencies in terms of local currency changes constantly
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You can always check current exchange rates between the argentine Peso and the US Dollar, Euro or other foreign currencies at www.dolarhoy.com or www.bna.com.ar . Want to find out how much the Argentinean currency is worth in relation to any currency in the world? Use this currency converter tool: www.xe.com .
You can exchange money in banks and money exchange offices. Money exchange offices offer more convenient exchange rates than banks, and much better than what you usually can get at the hotel. However, don't change your currency at the money exchange office at the airports; they do not give a convenient exchange rate. Also, don't change money in the streets or accept people in the street taking you to a shop where they say they will give you a better rate.
Useful tip: When possible try to change your currency from Monday to Friday from 10 AM to 3 PM when most currency exchange shops are open to get the most convenient exchange rate.
Useful tip 2: When you need to withdraw cash from ATMs, try doing it on weekdays as during weekdays they might run out of available cash as they are not refilled daily. Also, when possible, withdraw from the ATMs before 3 PM.
Useful tip 3: It very useful to have change of $10 and $20 Argentine pesos bills instead of having $50 or $100 Argentines pesos bills. To get this change, when getting money from an ATM try to get figures not rounded to the hundred (i.e: 100, 200, 300) so you can get change from the machine which will be useful for paying cabs and other things which cannot be paid with a credit card.
Useful tip 4: some hotels do not change currency to their guests and if they do they usually do not give the best exchange rate, so try change your money at money exchange offices.
Undoubtedly, the easiest foreign currency to exchange is the U.S. dollar. While euros can be easily exchanged in any money exchange office, U.S. dollars are accepted in most shops and restaurants. Even though many places accept payment in dollars, it is always good to carry Argentine pesos at all times (especially when outside of Buenos Aires). This is essential when traveling to more remote provinces and areas.
We suggest changing your foreign currency to Argentine Pesos in Buenos Aires. Exchange rates are worse in other areas.
A convenient currency exchange shop in Buenos Aires is Metrpolis Exchange, as it is open 365 days a year.
Metropolis Exchange: Phone: 4-806-0020
Services:
Purchase and sale of travelers cheques in Dollars and Euros.
Purchase and sale of foreign currency
International money transfers online
Branches:
Main Office: Av. Corrientes 2557 Open: Monday to Friday: 10:00 AM to 12:45 PM ; Weekends: 9:30 AM to 12.45 PM.:
Downtown: Florida 506; Phone: 4-328-4155
Downtown: Florida 816; Phone: 4-315-3520:
Recoleta: Av. Quintana 570; Phone: 4-806-0020
Exchanging Foreign Currency to Argentine Pesos
By: Fred
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