There's no need to start celebrating at the US embassy

Yesterday, the US dollar reached a new high against the peso, making the exchange rate AR $19.65 per dollar. In one day, that’s a US $1 change from the previous 18.6 rate from only a few days ago.

So, as the change threatens to hurt Argentines’ spending power on imported items, we decided to go through a typical tourist day and crunch the numbers to see how much money this will actually save foreign tourists who come to our country with US dollars. (Spoiler alert: definitely not enough to counter-balance the economic damage here.)

Breakfast of two medialunas and a café: AR $80 

Via buenostours.com
Credit: buenostours.com
  • Was: US $4.30
  • Now: US $4.07
  • Saved: US $.0.23

Subte: AR $7.50

subte

  • Was: US $0.40
  • Now: US $0.38
  • Saved: US $0.02

Entrance to the MALBA: AR $60

Via Travel&Leisure
Via Travel&Leisure
  • Was: US $3.26
  • Now: US $3.06
  • Saved: US $0.20

Entrance into the Japanese Garden: AR $120

Via: jardinjapones.org.ar
Via: jardinjapones.org.ar
  • Was: US $6.45
  • Now: US $6.12
  • Saved: US $0.33

Lunch at a trendy spot in Palermo: $180

plazaserrano2-846x564

  • Was: US $9.68
  • Now: US $9.16
  • Saved: US $0.52

Bus tour of the city: $670

Via City of Buenos Aires
Via City of Buenos Aires
  • Was: US $36.02
  • Now: US $34.10
  • Saved: US $1.92

Dinner at a nice parrilla and some drinks: AR $350

Via The Real Buenos Aires
Via The Real Buenos Aires
  • Was: US $18.82
  • Now: US $17.81
  • Saved: US $1.01

Teatro Colón Tour: AR $495

Teatro de Cristobal Colon, Bogota, Colombia, Central South America

  • Was: US $26.61
  • Now: US $25.26
  • Saved: US $1.35

A night on the town (club cover + some more drinks): AR $260

Party? Check. Great music? Check. Drinks? Check.

  • Was: US $13.98
  • Now: US $13.27
  • Saved: US $0.71

Total saved in one really busy day: US $6.29

If you’re trying to save by bringing US dollars to Argentina, it won’t be that helpful. So, wait before you rejoice about the dollar’s strength.