The exchange difference between Uruguay and Argentina continues to increase and since Ministry of Tourism They are concerned about a new increase in the dollar from the neighboring country, which not only disadvantages the Uruguayan coastal market, but is also projected as a negative factor for tourism throughout the country.
yesterday the Dolar blue (or parallel dollar) shot up in Argentinareaching a new historical maximum until reaching 685 Argentine pesos for sale, after they happened Primary, Open, Simultaneous and Mandatory elections (PASSED) where the winner was the far-right Javier Milei.
This jump in the informal Argentine dollar It supposes a new impact for the coast of the country, where the merchants already suffered a price difference of up to 7 to 1. As well as the convenience of payment of the Uruguayans were modified due to the fact that the MEP dollar reached 621.14 Argentine pesos , causing that the difference is not so big with respect to the blue.
A scenario that worries tourism
The rising value of the Argentine dollar means an even bigger currency gap between Argentina and Uruguay, which means an enlargement of the relative price differencemainly affected the market of the Uruguayan coast.
In dialogue with El País, the Minister of Tourism, Tabare Vieraassured that they are concerned about the situation since “they are not only attractive prices for Uruguayans who leave the country and who are going to spend there, but also that it makes Uruguay more expensive compared to the Argentine market.”
On the other hand, the minister assured that measures are being taken to lower fuel prices in the border areas, although they are decisions that are still not enough to equalize relative prices.
Regarding the arrival of Argentines to the Uruguay, a factor that could be affected by the devaluation of the neighboring country’s peso, the minister assured that he is not so concerned since many decide to vacation in Uruguay beyond how expensive it may be for them. Although he clarified that they are targeting other markets, such as Brazil, so as not to depend exclusively on the Argentine market.
Argentina, a favorite destination
The neighboring country became a destination that uruguayans they choose not only on vacation, but also to spend weekends. “There are many people who travel to Buenos Aires on weekends and much more on long weekends”, he explained to Scope.com, the product manager of the Hiperviajes tourism agency, Rodrigo Rosales.
On the other hand, as regards the next september vacation, Rosales assured that sales, compared to last year’s numbers, increased by 20% and that there are no more places to reserve. Among the most chosen destinations is, obviously, Argentina.
Regarding winter vacations, of the total number of Uruguayans who left the country, which were 460,708, 370,000 chose Argentina as their favorite destination. In this sense, from the National Institute of Statistics and Censuses (Indec) of Argentina They assured that in the month of June Uruguayans were the foreign tourists who spent the most in the neighboring country with 131.8 dollars a day, nearly doubling the overall average visitor spend of $74.1.
Source: Ambito
