Hello there!
If you can find accom for as little as 450, I'd say 1000 total budget takes you a long way, seen that food and public transport are not very expensive at all.
You could live well with that budget. The local currency in Argentina is the Argentine Peso ARS ($), and for USD$1 you will obtain approx ARS$4, so it is a very positive change for people who manage their costs in dollar. These are some useful facts that allow you to understand better the economic and cultural situation in Buenos Aires.
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