I give you an overview of the best locations where to exchange your money in Buenos Aires. A local tip to change your Dolar, Euro or other currency to Argentinian peso (ARS). In many cases you get almost 25% more pesos for the same amount of money. That will increase your travel budget in Argentina
In the article “Where to change money (Euro and Dollar) in Buenos Aires” I gave you some extra do and don’ts to change your money in Buenos Aires. If you want to exchange in Calle Florida, be sure to read continue reading.
Current exchange rate in Buenos Aires
1 USD: 138.30 ARS / €1=138.22 ARS
|Banco Nacion||137,00 ARS||137,00 ARS|
|Cambio Baires||139,50 ARS||160,00 ARS|
|Florida Street (Black market)||288,00 ARS||286,00 ARS|
|Montevideo Cambio||135,00 ARS||130,00 ARS|
|XOOM||270,00 ARS||272,00 ARS|
|Western Union||291,80ARS||292,00 ARS|
Add with Western Union and XOOM a transfer fee.
Currency controls in Argentina
At this moment there are currency controls in Argentina. This means that the black exchange market is back and often gives the best exchange rates.
Important to know. Imagine that you changed too many dollars or euro to the Argentine peso and you want to change it back to the dollar. First, I suggest just using the money because buying dollars or euros back, will cost you a lot. On top of that, you can only exchange back to your currency up to a max of 200 USD per person. Make your calculation of your expected expenses before exchanging in Buenos Aires.
Calle Florida. What is that and where?
Street “Calle Florida” is full of black market handlers. Located near Plaza de Mayo and the Obelisco. Calle Florida is not the most attractive place to be. Crowded and a narrow street. However, at this moment it is the best place to change your money.
When walking you will hear people saying “cambio, cambio”. Ask for their current exchange rate. Don’t agree directly and step to another one to compare. This is how you will get the best exchange rate.
When you agree with an exchange rate, ask for the note and they will guide you to a small office somewhere in a building or to a person in the same street.
Tip: you will get a better rate if you have banknotes of USD 100 or €100.
Be aware that you will need to double-check on fake banknotes. All at your own risk.
At the airport
Hold on! Arriving at Aeropuerto Internacional Ministro Pistarini Ezeiza (EZE) or better know at Buenos Aires International airport?
Banco Nacion will give you an ok rate and nowadays better than the exchange bureaus in Buenos Aires. You can choose to exchange your money there because it feels safer. In street “Calle Florida” it’s a little bit more adventurous.
Exchange bureaus (Casa de Cambio)
There are enough exchange bureaus to find in Buenos Aires. Finding the right one with the best rate is another case. Avoid touristic areas such as Caminito and Recoleta. Below are some exchange bureaus. Check the rate daily above.
Cambio Maguitur: Sarmiento 46, Buenos Aires (close to Plaza de Mayo).
Montevideo cambio: Florida 580, Buenos Aires (San Telmo)
Casa de Cambio Baires: Pierina Dealessi 578, Buenos Aires (Puerto Madero)
Cambio Alpe: Sarmiento 480, Buenos Aires (close to Plaza de Mayo)
Cambio Maxinta: 25 de Mayo 386, Buenos Aires (close to Plaza de Mayo)
Paris Cambio: Sarmiento 399, Buenos Aires
I can suggest going to the Coto supermarket and buy something small if you’re in the need of some money. In return, you will get pesos in exchange. Check the rate at the cashier and compare it with the actual rate of that moment. Mostly the exchange rate of the Coto supermarket is above the actual rate.
Do you have a friend of Argentinian nationality and with a national bank account in Buenos Aires? Ask him/her to go to the bank of their account. The exchange rate in national banks is often higher than the exchange bureaus. The rate of Banco la Nation is the highest on the market, but sometimes a waiting line occurs.