Living and Trading in ARS: FX Guide to Argentina
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Argentina with the Argentine peso
What's in this Argentina currency guide?
What currency is used in Argentina?
The official currency of Argentina (country code: AR) is the Argentine peso, with symbol $ and currency code ARS.
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Frequently Asked Questions
What currency should I use in Argentina?
The domestic currency in Argentina is the Argentine peso.
What is the Argentine peso currency code and symbol?
The three letter currency code for the Argentine peso is ARS — symbol is $.
What doe the Argentine peso look like?
Here is an example Argentine peso banknote:
Which countries use the Argentine peso?
It is the domestic currency in Argentina.
Is the Argentine peso a closed currency?
No, the Argentine peso is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of NZD and ARS?
Here are some popular conversion amounts for NZD to ARS (New Zealand dollar to Argentine peso)*.
| NZD | ARS |
|---|---|
| NZ$ 1,000 | $ 698,030 |
| NZ$ 5,000 | $ 3,490,150 |
| NZ$ 20,000 | $ 13,960,600 |
| NZ$ 100,000 | $ 69,803,000 |
More amounts
*Converted at the current NZDARS interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Things to know about the Argentine peso
The Argentine peso is subdivided into 100 centavos.
An important short-term driver of peso exchange rates is risk sentiment. As a riskier, emerging market currency, the peso will fall in value against the major currencies of the world (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when geopolitical risk is elevated.
It is fair to say about the currencies of Argentina (there have been four new currencies since 1970) that they are stuck in perpetual decline.
The current peso was introduced in 1992 after the former currency, the austral, had been rendered nearly worthless by hyperinflation. The new peso – exchanged for 10,000 australes – was to be pegged against the US dollar at a rate of 1:1, requiring the Central Bank of Argentina to hold in its reserves 1 dollar for every peso in circulation, which became impossible after the 1998-2001 financial crisis.
After the fixed exchange rate system was abandoned, the peso fell sharply. By the end of 2002, it had weakened to levels around 3 per dollar; by the end of 2010, to 4 pesos per dollar; by 2015, to 13 pesos; and amazingly by 2023, to 180 pesos per dollar!
The Argentine peso banknotes and coins
The physical currency consists of coins and banknotes. The coins come in denominations of 5 cents, 10 cents, 25 cents, and 50 cents. The banknotes come in denominations of 2 pesos, 5 pesos, 10 pesos, 20 pesos, 50 pesos, 100 pesos, 200 pesos, 500 pesos, and 1,000 pesos.
The banknotes feature images of famous Argentine historical figures, such as José de San Martín, Manuel Belgrano, and Juan Domingo Perón. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Travel money for Argentina
Using Wise for Argentine peso travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Argentine peso otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Argentine peso cash before departure, you can save money by ordering online. You generally get better rates and can pick up the ARS cash locally or even on travel day at the airport.
Argentina is one of the most popular places to visit in South America – whether you are backpacking the continent or just on a short, budget holiday. Here are some of the top things to see and do in Argentina:
- Visit Buenos Aires: The capital city of Argentina is a vibrant and cultural hub with plenty of things to see and do. Some must-see attractions in Buenos Aires include the Recoleta Cemetery, where many famous Argentinians are buried, and the iconic tango clubs of San Telmo.
- See the Iguazu Falls: Located in the north of Argentina, the Iguazu Falls are one of the largest and most spectacular waterfall systems in the world. The falls are located on the border between Argentina and Brazil and are a must-see for any visitor to the region.
- Explore Patagonia: Located in the south of Argentina, Patagonia is a vast and rugged region known for its stunning natural beauty. Some top attractions in Patagonia include the Perito Moreno Glacier, the Torres del Paine National Park, and the Tierra del Fuego National Park.
- Visit the Andes Mountains: Argentina is home to some of the highest peaks in the Andes mountain range, including Aconcagua, the highest mountain outside of the Himalayas. The Andes offer a range of outdoor activities such as hiking, mountain climbing, and skiing.
- Learn about Argentina's history and culture: Argentina has a rich and fascinating history, with a mix of indigenous, Spanish, and European influences. Some top cultural attractions in Argentina include the Museo Nacional de Bellas Artes in Buenos Aires, the Tango Museum, and the MALBA (Museum of Latin American Art).
What currency should I use in Argentina?
The official currency of Argentina is the Argentine peso (ARS). It is a good idea to exchange some of your home currency for pesos before arriving in Argentina, as it may be difficult to find places that accept foreign currencies.
You can exchange currency at banks, currency exchange offices, and some hotels. It is a good idea to shop around to compare rates and to find the best deal. Credit cards are widely accepted in Argentina, especially in major cities, and it is a good idea to have at least one card with you when traveling.
ATMs are widely available in Argentina, and it is a good way to get local currency. It is a good idea to inform your bank or credit card company before traveling to Argentina, as they may block your card if they suspect fraudulent activity. It is also a good idea to let them know the dates of your trip and the countries you will be visiting.
Overall, it is a good idea to have a mix of cash and credit cards when traveling to Argentina, and to be prepared for the possibility that credit cards may not be accepted at all locations.
Best way to travel in Argentina?
1. Plane: Argentina has a well-developed domestic flight network, and flying is often the fastest way to get from one place to another. Major airlines in Argentina include Aerolineas Argentinas and LATAM.
2. Bus: Buses are a popular and affordable way to travel around Argentina, and there are many different companies offering long-distance services. Bus travel is often more comfortable in Argentina than in other countries in South America, with options ranging from basic to luxury.
3. Car rental: Renting a car is a good option if you want the freedom to explore at your own pace. There are many car rental agencies in Argentina, and prices are generally affordable. It's worth noting that traffic and driving conditions can be challenging in Argentina, so be prepared for that.
4. Train: While the train network in Argentina is not as extensive as in some other countries, it's still a viable option for travel between some major cities. The Tren de las Nubes (Train to the Clouds) is a popular tourist attraction that runs through the Andes mountains.
5. Tour package: If you want a more structured and hassle-free way to see the country, you can consider booking a tour package. These packages typically include transportation, accommodation, and some meals, and allow you to sit back and enjoy the sights without having to worry about the logistics.
Travel tips for Argentina.
1. Visit Buenos Aires: The capital city of Argentina is a vibrant and cultural hub with plenty of things to see and do. Some must-see attractions in Buenos Aires include the Recoleta Cemetery, where many famous Argentinians are buried, and the iconic tango clubs of San Telmo.
2. See the Iguazu Falls: Located in the north of Argentina, the Iguazu Falls are one of the largest and most spectacular waterfall systems in the world. The falls are located on the border between Argentina and Brazil and are a must-see for any visitor to the region.
3. Explore Patagonia: Located in the south of Argentina, Patagonia is a vast and rugged region known for its stunning natural beauty. Some top attractions in Patagonia include the Perito Moreno Glacier, the Torres del Paine National Park, and the Tierra del Fuego National Park.
4. Visit the Andes Mountains: Argentina is home to some of the highest peaks in the Andes mountain range, including Aconcagua, the highest mountain outside of the Himalayas. The Andes offer a range of outdoor activities such as hiking, mountain climbing, and skiing.
5. Learn about Argentina's history and culture: Argentina has a rich and fascinating history, with a mix of indigenous, Spanish, and European influences. Some top cultural attractions in Argentina include the Museo Nacional de Bellas Artes in Buenos Aires, the Tango Museum, and the MALBA (Museum of Latin American Art).
USD/ARS Market Data
The below interactive chart displays the USD/ARS change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Argentina - Best Rates
To get a good (and fair) exchange rate when sending money to Argentina you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Argentina
When sending money to Argentina it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Argentine peso amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted ARS amount will be transfered to the recipient account you specify in Argentina.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Argentine peso deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Argentina
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand Argentine peso currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the ARS exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Argentine peso bank account: A local ARS bank account can make it easier for you to manage your finances and pay bills while you are in Argentina. It may also be more convenient to use a local ARS bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Argentina. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Argentina. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Argentina, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Argentina.
Things to Know About Sending Money to Argentina
Sending money to Argentina isn’t quite as straightforward as it is with many other countries. Argentina’s unique financial landscape — including strict currency controls, volatile exchange rates, and high inflation — means it’s important to plan carefully before making a transfer. Here’s what you need to know:
🇦🇷 1. Currency Controls Are Strict
Argentina has government-imposed restrictions on the buying and selling of foreign currency. This means that official exchange rates (the “official dollar” or “dólar oficial”) can differ greatly from what people actually pay on the open market (the “blue dollar” or unofficial rate).
When sending money through official channels like banks or registered money transfer companies, you’ll be using the official rate, which is usually less favorable than the blue market rate.
💸 2. Exchange Rates Can Be Very Different
Because of Argentina’s dual exchange rate system, the amount of Argentine pesos your recipient gets can vary a lot depending on how you send the money. Some services now offer transfers at a “MEP rate” or “Dollar Bolsa” — closer to the unofficial rate — which can get your recipient significantly more pesos than using a traditional bank.
Tip: Always check what rate a provider is offering — not just the fee — before sending.
🏦 3. Bank Transfers Can Be Slow and Complicated
Traditional international bank wires to Argentina can take several days and often require extra paperwork from the recipient. Also, some Argentine banks might automatically convert incoming foreign currency into pesos at the official rate, leading to big losses in value compared to blue market rates.
In some cases, it may be better to use international money transfer services or digital wallets instead of direct bank deposits.
📱 4. Cash Pickup and Digital Wallets Are Popular
Because of banking restrictions, cash pickup services (like Western Union or MoneyGram) and digital wallets are popular ways to receive money in Argentina. Some providers allow the recipient to collect U.S. dollars in cash, which they can then convert locally at more favorable rates.
Services like Western Union, Remitly, and some smaller FX specialists are often better choices than banks for personal transfers.
🔥 5. Inflation Is Very High
Argentina’s inflation rate remains one of the highest in the world — often exceeding 100% annually. This means that if your recipient plans to hold pesos, the value of the money could erode quickly.
Whenever possible, many Argentines prefer to receive funds in U.S. dollars and either save in dollars or convert strategically when needed.
✈️ 6. New Rules and Rates Change Frequently
Argentina’s currency regulations, banking rules, and even transfer limits can change with little notice depending on political or economic conditions. Before sending, it’s a good idea to:
• Check the latest official vs unofficial rates
• Confirm any new transfer limits or tax implications
• Review whether your provider offers a better “parallel” rate service option
Staying informed helps avoid surprises and ensures your recipient gets the most value.
Best Providers for Sending Money to Argentina (2025)
Choosing the right provider can make a big difference when sending money to Argentina — especially because of the exchange rate situation and transfer speed challenges. Here’s how some of the top services stack up:
| Provider | Best For | Key Advantages | Things to Watch Out For |
|---|---|---|---|
| Western Union | Cash pickup and reach | Widely available, quick cash payouts, competitive “blue dollar” rate options in some cases. | Higher fees for small transfers; always double-check payout currency (USD or ARS). |
| Remitly | Fast transfers to bank or cash | Fast delivery, multiple payout options, special “blue rate” promotions for Argentina. | Transfer limits for new users; slight rate markup. |
| Wise | Bank transfers at true rates | Transparent mid-market rates, very low fees. | Money arrives via official rate only; slower if banking system delays occur. |
| WorldRemit | Small personal remittances | Easy-to-use app, cash pickup, mobile money top-ups. | Exchange rate margin applies; limited blue-rate options. |
Expat Life in Argentina
Living as an expat in Argentina offers a vibrant cultural experience. Here are some key considerations:
- Finding a place to live: Research various neighborhoods before moving. Buenos Aires is a popular choice for expats, offering a range of housing options from central city apartments to suburban homes.
- Learning the language: While many Argentinians speak English, learning Spanish will help with daily tasks and deepen your connection with the local community.
- Getting a job: Employment opportunities for expats can be limited, especially for roles requiring fluency in Spanish. However, industries such as tourism and education may offer opportunities. Networking with locals and other expats is key.
- Health care: Argentina provides free public healthcare for citizens and legal residents. Expats may access this system with a temporary residence permit or choose private health insurance for additional coverage.
- Adjusting to the culture: Embrace Argentina's distinct culture by learning about and adapting to local customs and traditions.
Overall, thorough research and preparation can make the expat experience in Argentina rewarding and enjoyable.
