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Why Nomads Are Eating $10 Steak in Argentina

plus the cheapest cities in Asia

The Argentine peso just keeps getting weaker and weaker. That’s undoubtedly bad news for Argentinians, but undeniably great if you’re a digital nomad. Especially if you like $10 steaks delivered to your doorstep.

This Week in Nomad Deals

  • Last Minute European Deals: Flights from the USA to Europe for <$200.

  • $10 Steak in Argentina: The “blue dollar” exchange rate is widening.

  • The Cheapest Cities in East Asia: Ranking the most and least expensive cities in the Far East.

Cheap Flights to Europe

Flights across the pond aren’t expected to drop from 2019 levels, according to a recent Hopper report. But travelers can still score deals for last-minute trips this November.

For the most part, the list of direct flights under $200 remains unchanged from last month. However, flights to Barcelona have dropped below $200 for both Boston and New York.

Be sure to check out Skyscanner for more deals from your own city.

Argentina Getting Cheaper

In Unity and Freedom. So goes the official motto of Argentina. But really, it should read In Unity and (Practically Free) Steak.

What’s Going on in Argentina?

The collapse of Argentina’s currency has dramatically boosted the purchasing power of the U.S. dollar, resulting in some crazy good deals for travelers.

What is the blue dollar?

Officially, $1 U.S. dollar equals 365 Argentine pesos. However, the demand for dollars far outstrips the rate set by the government. On the black market, $1 USD equals 970 Argentine pesos — a rate sometimes called the “blue dollar.”

The gap between the official exchange rate and the blue dollar has continued to widen. Over the last three months, the blue dollar rate has nearly doubled from 500 pesos per dollar to 970.

How do you get the blue dollar?

One method is to visit an underground exchange with a bag full of (crisp) U.S. dollars. Another option is to wire yourself the money from the U.S. using Western Union, which offers the blue dollar rate. The Argentinian government also recently approved a special tourist rate for foreign-issued Visa and Mastercard credit cards.

East Asia Cities by Cost of Living

Among East Asian capital cities, Kathmandu in Nepal sits at one of the highest elevations. But it’s also the city with the lowest cost of living, at approximately $1,000 per month (including rent for a one-bedroom apartment).

Honestly, you could throw a dart at this chart and still make out better than most U.S. cities. An equivalent lifestyle would cost at least $5,800 a month in New York City.