Which Dollar Rate Applies in Argentina?
Argentina has several dollar references. They describe different markets and should not be treated as one guaranteed exchange rate.
| Rate | What it describes |
|---|---|
| Official | The regulated bank reference |
| MEP | A legal securities-market rate inside Argentina |
| CCL | A securities rate used to move value across borders |
| Blue | An informal cash-market reference |
| Cripto dollar | The market rate between digital dollars and pesos |
Eligible foreign Visa cards receive a tourist rate near MEP. Issuer fees vary, and some cards have no foreign transaction fee. Compare the current card quote and documented issuer fee with Peanut's current all-in quote for the same ARS purchase.
For supported Mercado Pago merchant QR payments, Peanut shows the ARS amount and total dollar cost before confirmation. Skip foreign card transaction fees by paying with QR when your card would charge one. Card fees and exchange rates vary.
Passport verification can unlock supported merchant QR payments. ARS bank deposits and withdrawals are separate: they require Argentine residence and a CUIT, CUIL, or DNI.
FAQ.
Does Peanut guarantee the best rate?
No. Review the current all-in quote and compare the same purchase and funding currency.
Does every foreign card use the official rate?
No. Eligible foreign cards generally receive Argentina's tourist rate near MEP.