Should I use ATMs in Argentina?

Avoid them if possible. ATM fees are very high, and the withdrawal limits are low, meaning you'll pay significant fees just to get a small amount of cash.

Is it safe to carry cash?

Use common sense. Keep large amounts in a hidden pocket or hotel safe, and only carry what you need for the day. Avoid flashing large stacks of bills in public.

Why is the exchange rate so confusing here?

Argentina has a dual currency system. The 'official' rate is controlled by the government, while the 'blue' or 'MEP' rates reflect the real-world value of the peso. Always aim for the latter.

How to get the best exchange rate in Argentina

To avoid poor bank rates, use a foreign credit card to take advantage of the 'MEP' (Mercado Electrónico de Pagos) rate, which is automatically applied by Visa and Mastercard. Alternatively, bring crisp, high-denomination US dollars and exchange them at a 'cueva' or Western Union for the 'dólar blue' market rate.

Enable foreign transactions. Before leaving home, ensure your credit and debit cards have no foreign transaction fees. If your card charges 3%, that eats into the savings you get from the favorable MEP rate.
Use your credit card for purchases. Pay with your Visa or Mastercard at restaurants and shops. Since late 2022, the Argentine government allows foreign cards to process payments at a rate very close to the 'blue' market rate, removing the need to carry stacks of cash.
Bring clean, new US dollars. If you need physical cash, bring pristine $100 bills (the blue-stripe version). Avoid bills with any tears, marks, or folds, as 'cuevas' (unofficial exchange houses) will refuse them or offer a significantly lower rate.
Find a reliable 'cueva'. Ask your hotel receptionist or a trusted local where the nearest 'cueva' is. These are unofficial exchange offices. Never change money on the street with people shouting 'cambio'; go to a physical storefront or office.
Use Western Union. Send money to yourself via the Western Union app and pick it up at a physical branch. This often provides a rate even better than the MEP rate, though you will have to wait in line at the branch.

Should I use ATMs in Argentina?: Avoid them if possible. ATM fees are very high, and the withdrawal limits are low, meaning you'll pay significant fees just to get a small amount of cash.
Is it safe to carry cash?: Use common sense. Keep large amounts in a hidden pocket or hotel safe, and only carry what you need for the day. Avoid flashing large stacks of bills in public.
Why is the exchange rate so confusing here?: Argentina has a dual currency system. The 'official' rate is controlled by the government, while the 'blue' or 'MEP' rates reflect the real-world value of the peso. Always aim for the latter.