He Central Bank reported in its monthly report on the Evolution of the Exchange Market and the Exchange Balance that the Argentines spent US$491 million abroad last month. This expense contributed to the increase in the outflow of dollars from the economy, although it had a limited impact on Reserves. What was the reason?
According to the BCRA, 50% of expenses for “Travel, tickets and other card payments” were directly paid by clients with their own funds in dollars, “which reduces the deficit impact of these consumptions in the exchange market and in international reserves”. In this way, the BCRA points out that the “Services” account registered a deficit of US$530 million in November, a result that was 22% less deficit than in November of last year and well below the US$744 million it had registered. the previous month.
A relevant fact is that, although November is usually a month of higher spending due to holiday-related purchases, significantly higher consumption was recorded in October. In fact, spending in October exceeded that of November by almost 30%.
Vacations: how much does it cost to spend the summer in the main destinations of the country and the region
For a typical family of two adults and two children under 12 years old, considering 14 nights in a 3-star hotel and plane tickets, costs vary significantly.
According to a survey carried out by the consulting firm Focus Market for the Blog Hablemos de Plata of Naranja This figure includes an expense of $4,016,624 (+51%) in a three-star hotel with a quadruple room and $909,902 (+47%) in flights by Aerolíneas Argentinas.
In the case of Puerto Iguazú, the proposal costs $4,020,824 (+27%), including $2,521,448 in hotel and $1,499,376 in flights. Meanwhile, spending the summer in Bariloche requires $6,027,021 (+16), including $4,227,092 for a hotel, and $1,799,929 for flights.
If it is about traveling abroad, doing so to one of the main destinations, Rio de Janeiro, requires an investment of $7,902,209 (+30%) for four people, including the stay in a three-star hotel, which requires $2,800,564 ( +8%), and flights, which cost $5,101,645 (+46%). It is important to highlight that in Brazil there is a devaluation of the Real, soSome consumption, such as food, will be cheaper than in previous months.
“Although Argentines find temptation to travel abroad, the price levels of accommodation and services in the local market have been adapting to an exchange rate much lower than expected until 6 months ago. The prices of goods are above the price of services in border countries abroad,” said Damián Di Pace, from the consulting firm Focus Market.
Source: Ambito
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