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Forums Other Destination advice Booking Aerolíneas in local ARS currency

  • tblank19 33 posts

    After pressing them a bit further they have conceded they will take payment in pesos, however, they will convert the USD quoted rates at the MEP rate on date of payment rather than the official rate. I am new to Argentina but presuming this means there will be no currency benefit as they are using the MEP rather than official FX rate? @JDB @Matt have you come across this practice at all?

    Matt 346 posts

    I had a car hire place (Hertz) that converted US$ to pesos at a random but MEP adjacent rate. All the hotels and other car hire places did as they were supposed to.

    Unless that is the only hotel available in the area I’d be looking elsewhere.

    JDB 4,553 posts

    @tblank19 – unfortunately they are trying to rook you so you’ll have to decide whether you want to accept that or not. Watch out for any other tricks!

    The MEP is not a system or rate hotels are allowed to use. It stands for “Medio Electrónico de Pagos” and in order to participate you need to be registered/licensed by the BCRA which operates this particular US$ market for the settlement of bond and stock market transactions.

    tblank19 33 posts

    Very frustrating and leaving a bad impression given the rates they charge! Thank you both for the advice, I may steer clear

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