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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.
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 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 ...
Argentina’s financial markets are closed for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. The value of the currency has plunged ...
A chainsaw-wielding, self-professed “anarcho-capitalist” is now one step closer to overhauling Argentina’s beleagured economy — by throwing out the nation’s peso currency and adopting ...
v. t. e. This is a list of countries by their exchange rate regime. [ 1] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating) Soft pegs ( conventional peg, stabilized arrangement, crawling peg, crawl-like arrangement, pegged exchange rate within horizontal bands ...
All values, unless otherwise stated, are in US dollars. The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina benefits from rich natural resources.
In the early 1990s the Argentinian peso was ‘pegged’ to the dollar, which meant its value was fixed to the US currency, but Argentinians would still use pesos for their shopping.