1 Dollar Canadian to Peso Argentino: An Overview
Are you planning a trip to Argentina from Canada and wondering about the exchange rate between the Canadian dollar and the Argentine peso? Look no further! In this article, we'll provide an overview of the current exchange rate, its history, and some useful tips for exchanging your money.
Current Exchange Rate
As of the current date, the exchange rate between the Canadian dollar (CAD) and the Argentine peso (ARS) is:
1 CAD = approximately 62.50 ARS
Please note that exchange rates can fluctuate frequently and may be different when you read this article. We recommend checking the latest exchange rates before making any transactions.
History of the Exchange Rate
The exchange rate between the Canadian dollar and the Argentine peso has experienced significant fluctuations over the years. In 2018, the exchange rate was around 1 CAD = 25 ARS. However, due to economic instability and high inflation rates in Argentina, the peso has significantly depreciated against the Canadian dollar.
Tips for Exchanging Your Money
If you're planning to exchange your Canadian dollars for Argentine pesos, here are some valuable tips:
1. Exchange Rates at Banks
Banks usually offer competitive exchange rates, but be prepared for possible fees and commissions. You can also order pesos online and have them delivered to your home or pick them up at a bank branch.
2. Currency Exchange Offices
Specialized currency exchange offices, like Travelex or Western Union, often provide better exchange rates than banks. They may also offer additional services, such as money transfer and travel insurance.
3. ATMs
You can withdraw pesos from ATMs using your Canadian debit or credit card. Be aware of possible withdrawal fees, exchange rate fees, and daily limits. Inform your bank of your travel plans to avoid any issues with your account.
4. Credit Cards
Many businesses in Argentina, including restaurants, hotels, and shops, accept major credit cards like Visa and Mastercard. You'll receive the wholesale exchange rate, which is often more favorable than the rates offered by banks or currency exchange offices.
Conclusion
When exchanging your Canadian dollars for Argentine pesos, it's essential to stay informed about the current exchange rate and fees associated with different exchange methods. By being prepared and doing your research, you can make the most of your money and enjoy your trip to Argentina.
