BUENOS AIRES, ARGENTINA

Why it's hot: The dollar still packs a wallop in this elegant capital city. Buenos Aires offers colonial architecture and eclectic culture at cut-rate prices.

Months for the best deals: The Argentine spring of October and November will have good deals on airfare and hotels.

Top bargains: Custom-made clothing costs three-fourths less than in major U.S. cities. Tango dance parties also offer free or cheap entertainment. Many are held in the colorful La Boca district, shown here.

What $20 will buy: A steak dinner with Argentine wine at a fine restaurant.