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The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: From January 1914 to December 1969: Pesos Moneda Nacional. From January 1970 to May 1983: Pesos Ley 18188.
In the beginning the cover ratio [clarification needed] (which included gold and – up to 50% – foreign exchange) was fixed at 20%, but this had to be raised to 33.3% within five years. [5] This goal was reached quickly: the cover ratio was 51% on 31 July 1930.
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 ...
The United States dollar ( symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
A system of multiple exchange rates was adopted July 23, 1942, with an official rate of 3·35 per US$1, which became its parity with the International Monetary Fund in 1947. A system of multiple exchange rates was adopted in 1948, the rates ranging from 3·09 to 4·80 per US dollar, and there was a black market.
This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of US dollars or millions of local currency units (LCU, the most commonly used in the country) and as ...
Late in 1922 the free market rate fell to 5.405 per dollar. The government took draconian measures, requiring exporters to surrender foreign exchange earnings at a rate set by the Exchange Commission (3.60/US$). The government struggled with the foreign exchange problem until the sucre was finally stabilized in 1926 at 5 sucres per US dollar.
When the IMF adopted a system of multiple exchange rates in 1947, the sucre's IMF parity was devalued to 15 sucre per USD by 1950, 18 by 1961, and 25 per USD by 1970. The Sucre maintained a fairly stable exchange rate against the U.S. dollar until 1983 when it was devalued to 42 per USD and a crawling peg was adopted. Depreciation increased ...
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