For the last three years I've been hoping that the Argentine peso would stabilize, but hoping IS POINTLESS! Those of you who have read my blog over the last seven years know the Argentine economy has jackknifed since the country's current president (Macri) took office in 2015.
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| Translation: Macri, My Fridge Doesn't Lie |
Prices have gone up drastically! There are more homeless on the streets than when we got here in 2012 and businesses are going under like the lost city of Atlantis.
Meme translation
First part:
Hi mom! I found 300 pesos today. Go buy food for the kids and some milk for the baby.
Second part:
Thank you, my love! I left you some dinner. It's a torta frita with some mate.
THANKS MOM. I LOVE YOU.
Last Part:
I hope they never find out that I go out and steal so they can eat.
Lately, memes have reflected the everyday struggles of the Argentine people. But even in the midst of despair, locals have found ways to keep their heads above water. I don't know how they do it, but I have to admit, I'm impressed.
The current value of the Argentine peso is equivalent to 2 U.S. cents. Yes! You read that right! But merchandise like clothes, electronics, and food are priced by their actual costs (which is in USD) and then converted to the equivalent of Argentine pesos. You'll see what I mean when you look at my short comparison pricing list from 2013 versus today. There are only two items on the list that have a pricing comparison of 2016 versus 2019 and 2017 versus 2019. So take a look so you can get an idea of what the country is currently experiencing.
The Argentine Peso Versus USD
I wanted to share this updated list of what one USD is worth per Argentine pesos since we moved here in 2012.
- On December 31st, 2012, the cost of one US Dollar in Argentine pesos was: 4.90
- On December 31st, 2013, the cost of one US Dollar in Argentine pesos was: 6.51
- On July 29th, 2014, the cost of one US dollar in Argentine pesos was: 8.19
- On December 24th, 2015, the cost of one US Dollar in Argentine pesos was: 12.97
- On June 19th, 2016, the cost of one US Dollar in Argentine pesos was: 13.89
- On June 13th, 2017, the cost of one US Dollar in Argentine pesos was 15.90
- On September 26, 2017, the cost of one US Dollar in Argentine pesos was 17.90
- On May 13, 2019, the cost of one US Dollar in Argentine pesos is 45.52.
Now, let's take a look at the pricing comparison list!
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| 2013: $10.59 Argentine Pesos (.24 US Cents) |
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| 2019: $65 Argentine Pesos ($1.45 USD) |
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| 2013: $7.99 Argentine Pesos (.18 US Cents) |
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| 2019: $62.99 Argentine Pesos ($1.41 USD) |
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| 2013: $5.49 Argentine Pesos (.12 US Cents) |
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| 2019: $41.49 Argentine Pesos (.93 US Cents) |
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| 2013: $8.45 Argentine Pesos (.19 US Cents) |
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| 2019: $45 Argentine Pesos ($1.03 USD) |
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| 2013: $9.99 Argentine Pesos (.23 US Cents) |
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| 2019: $76.99 Argentine Pesos ($1.74 USD) AND NO! The different flavor doesn't account for the price hike! |
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| 2013: $8.65 Argentine Pesos (.20 US Cents) |
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| 2019: $42.49 Argentine Pesos (.97 US Cents) |
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| 2013: $12.99 Argentine Pesos (.29 US Cents) |
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| 2019: $95.99 Argentine Pesos ($2.20 USD) |
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| 2016: $15.99 Argentine Pesos (.36 US Cents) |
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| 2019: $59.99 Argentine Pesos ($1.38 USD) Three years made on huge difference! |
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| 2013: $15.99 Argentine Pesos (.36 US Cents) |
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| 2019: $113.99 Argentine Pesos ($2.62 USD) |
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| 2013: $6.69 Argentine Pesos (.15 US Cents) |
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| 2019: $41.49 Argentine Pesos (.95 US Cents) |
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| 2013: $24.59 Argentine Pesos (.55 US Cents) |
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| 2019: $132.99 Argentine Pesos ($3.00 USD) Note: there's 7 grams less in the current can. |
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| 2013: $10.40 Argentine Pesos (.23 US Cents) for Diet Pepsi |
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| 2019: $54 Argentine Pesos ($1.22 USD) for regular Pepsi |
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2017: $158.99 Argentine Pesos ($3.59 USD)
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2019: $259.99 Argentine Pesos ($5.86 USD)
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