Tourism moves from Argentina to Brazil as exchange rates shift

In 2023, the streets of Buenos Aires filled with international visitors as the plummeting peso turned Argentina into a low-cost destination compared with regional neighbors such as Brazil and Chile. But now, the devaluation of the real on one hand, and Argentina’s high prices on the other, means many are trading Patagonia and Palermo nightlife for Copacabana Beach.

Lauren Tessier, a 32 year-old translator from Berlin, came to Argentina earlier this year with the intention to stay until early May working remotely while traveling the country. However, when she arrived, the prices were a lot higher than she was expecting.

“I thought there might be similar prices to Europe, but it’s actually even more expensive…