Nearshore Americas

Travelers Cash In on Argentina’s Cheap Currency

The peso has devalued nearly 50% against the US dollar this year, the biggest drop in emerging markets. The loss has meant that more tourists are visiting the country to take advantage of the currency crisis.

There has been a 12% increase in foreign tourists arrivals in September, the third consecutive month of year-on-year gains, according to Bloomberg.

Even though the peso’s devaluation has affected ordinary Argentine citizens immensely, it has proved an attractive destination for tourists. New airline carriers, such as Norwegian, offer easy and cheap ways to get to the country and tourists can afford luxuries when abroad.

Zach Marzouk

Zach has worked in the UK as a B2B technology journalist and is currently a News Editor at Nearshore Americas. He is based in Buenos Aires - feel free to contact him if you have any story ideas or want to chat about the industry.

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