Argentina's currency crisis a boon for foreign tourists

Source: Yahoo
By: Jordane Bertrand
09.15.2018

Buenos Aires (AFP) - Argentines may be feeling the pinch of their country's economic woes, but for tourists, the troubled peso is proving a holiday boon.

Brazilian Pedro Perreira de Azevedo has been rubbing his hands in delight after his family holiday, with his wife and three children, turned out cheaper than expected.

"We'd planned a budget of 7,000 reais (around $1,700) but in the end we've spent between 3,000-3,500," said Perreira de Azevedo, while his family took pictures outside the Argentine presidential palace.

When they arrived from Belo Horizonte in the east of Brazil on September 5, the peso had just lost 20 percent of its value in the wake of President Mauricio Macri announcing Argentina would ask the International Monetary Fund to advance a $35 billion loan to help prop up an economy in crisis.

With the peso having lost half its value against the dollar since the start of 2018, the Brazilian real looks strong in comparison despite its own difficulties -- it has itself dropped from around 3.3 to 4.1 since January 1.

"We were able to buy whatever we wanted and visit all the tourist sites in Buenos Aires," added Perreira de Azevedo.

"At Boca Juniors' stadium we even had a VIP visit!" added one of his daughters excitedly.

Not far from the iconic Bombonera stadium in the rugged La Boca neighborhood, Lori Berho, an American living in Chile and on holiday with her brother, said she felt lucky to have been able to benefit from such a favorable exchange rate.

External Link: CLICK HERE FOR FULL ARTICLE

  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)