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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:
The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 décimos . The sol was also issued during this period and was equal to the real, whilst the peso was worth 8 reales and the escudo was worth 16 reales.
The real started gaining in value more than the peso due to Brazil's slower build-up of dollar reserves; by 29 December 2009, a real was worth almost 2.2 pesos. [11] In December 2015, US dollar exchange restrictions were removed in Argentina following the election of President Mauricio Macri.
Argentine peso (1983–1985) Argentine peso ley; Argentine real; Argentine argentino; C. Casa de Moneda de la República Argentina; Crédito; G.
Over the course of two years, output fell by more than 15%, the Argentine peso lost three-quarters of its value, and registered unemployment exceeded 25%. [82] Income poverty in Argentina grew from 16.8% in October 1993, to an already high 25.9% in October 1998 (at the beginning of the recession), to 35.4% in October 2001, to a peak of 54.3% in ...
The peso ley replaced the peso moneda nacional at a rate of 100 to 1. It was itself replaced by the peso argentino at a rate of 10,000 to 1. The history of the various successive Argentine currencies called peso is detailed in the article on the Argentine peso .
The peso moneda corriente was replaced by the peso moneda nacional at the rate of 25 pesos moneda corriente = 1 peso moneda nacional. During the period the peso moneda corriente was in use, currencies from other countries were also used (especially the Bolivian boliviano).
The rate changed to 1.71 pesos = 1 dollar in 1931, then to 3 pesos = 1 dollar in 1933. Between 1934 and 1939, the peso was pegged to sterling at a rate of 15 pesos = £1 stg (1 peso = 1s. 4d. stg). High inflation in the post-war period lead to the introduction of the peso ley 18.188 in 1970 at the rate of 100 pesos moneda nacional = 1 peso ley.