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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:
Gold 10 pesos were also issued in 1919 and 1924, with the 2 + 1 ⁄ 2 and 5 pesos issued until 1929 and 1930, respectively. In 1918, the 1, 2, and 5 pesos p/m coins were replaced by 1, 2, and 5 centavo coins of the same size and composition. In 1942, bronze 1 and 5 centavo coins were introduced, followed by bronze 2 centavos in 1948.
Big Mac index, November 2022. The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
As can be seen in the graph, NCO serves as the perfectly inelastic supply curve for this market. Thus, changes in the demand for A's currency (e.g. change from an increase in foreign demand for products made in country A) only cause changes in the exchange rate and not in the net amount of A's currency available for exchange.
The dollar sign, also known as the peso sign, is a currency symbol consisting of a capital S crossed with one or two vertical strokes ($ or depending on typeface), used to indicate the unit of various currencies around the world, including most currencies denominated "dollar" or "peso".
In 2024, the Argentinian Peso appreciated by 44.2% against the dollar, outperforming all other currencies. In contrast, the second best performing currency against the dollar is the Lira, which gained 21.2%, less than half of the Peso's increase. These actions aimed to stabilize an economy teetering on the brink of hyperinflation.
El Salvador: According to the World Bank, El Salvador is the fourth-largest economy in the region, and has a GDP PPP of $50,903 million. [3] The Salvadoran economy grew by 3% in 2010, after a strong contraction in 2009. [8] Honduras: Is the second-poorest country in Central America, with 60% living in poverty according to the CIA World Factbook.