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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.
v. t. e. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [ 1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [ 2]
A new series appeared in 1880 for 1, 5, 10, 20, and 100 pesos. Banco de la Union, Quito, issued notes from 1882 for 1, 5, 10, 20, and 100 pesos. It handled the personal finances of President Veintimilla. Banco Anglo-Ecuatoriano was established in 1884 at Montecristi, later moving to Guayaquil. It issued notes for 1, 5, and 10 pesos.
The peso (established as the peso convertible) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos and then Central Bank introduced new issues with peso subdivisions like 1, 2, 5 and 10.
The peseta linked its value with the euro coin on 1 January 1999, and hit rock bottom that year when Pts 200 were required to buy US$1. [15] At the time Euro became a material coin, Pts 185.29 were needed to buy US$1, that is, 1.1743 euros. [16] The peseta was replaced by the euro in 2002, [17] following the establishment of the euro in 1999 ...
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 US dollar is an official currency in Zimbabwe, along with the euro, sterling, the pula, the rand, and several other currencies. A series of Zimbabwean Bond Coins was put into circulation on 18 December 2014 in 1, 5, 10, and 25 cent denominations, and afterwards 50 cent and 1 dollar bonds coins, which are pegged at the same rate as American ...
The euro grew in importance steadily, with its share of foreign exchange reserves rising from nearly 18% in 1999 to 25% in 2003—while the dollar share fell by an equivalent margin. [37] Alan Greenspan in 2007 said the eurozone had profited from the euro's rise and claimed it was perfectly conceivable that it could trade equally or become more ...