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USD to Argentine peso exchange rates, 1976–1991 USD to Argentine peso exchange rate, 1991–2022. The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in:
In 1992 a new peso (ISO 4217: ARS) was introduced, referred to as peso convertible since the international exchange rate was fixed by the Central Bank at 1 peso to 1 U.S. dollar, and for every peso convertible circulating, there was a US dollar in the Central Bank's foreign currency reserves. It replaced the austral at a rate of 1 peso = 10,000 ...
This web page provides a table of circulating fixed exchange rate currencies, with corresponding reference currencies and exchange rates. It also includes notes on the Hong Kong dollar, which is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar.
Learn about the global decentralized market for trading currencies, its history, characteristics, and participants. Find out how foreign exchange rates are determined, how they affect international trade and investments, and how they are used for speculation and hedging.
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. [1] While it initially met with considerable success, the board's actions ultimately failed. The peso was only pegged to the dollar ...
Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the ...
Learn what an exchange rate is and how it is determined by different factors, such as supply and demand, government policies, and market conditions. Compare and contrast various exchange rate regimes, such as floating, fixed, and hybrid, and their implications for currency values and trading.
Learn how the U.S. dollar became the world's foremost reserve currency after the Bretton Woods Agreement of 1944, and how it is used in global trade, finance and politics. Find out the history, advantages and challenges of the dollar's dominance, and its relation to other currencies.