Search results
Results from the WOW.Com Content Network
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:
USD/Argentine Peso exchange rate. On 12 December 2023, following the election of president Javier Milei, economy minister Luis Caputo changed the official exchange rate to 800 pesos to the U.S. dollar from the previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2%. [7] At the time, the unofficial exchange ...
The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
Since 2019, Argentina's peso currency has been kept artificially strong by strict capital controls which create a wide gap between the official exchange rate of 366 per dollar and parallel rates ...
With this inflation in mind, Javier Milei (Argentina's newly sworn in president as of 10 December 2023, with 55.69% of the vote in the runoff election [36]) weakened the Argentine Peso by 50% to 800 per dollar in order to bring the official exchange rate (which was only used in theory) down to the market exchange range [37], along with cuts to ...
The 10,000 peso note is worth $11 at the country’s official exchange rate and $9 at the black market exchange rate. Across Argentina, hard currency — specifically, the country’s ubiquitous ...
For example, in November 2023, a bus ticket in Buenos Aires cost only around 70 pesos (7 cents) thanks to subsidies, a price too low to cover running costs, let alone investment in transport ...
At the time of Milei's inauguration in December 2023, Argentina’s economy was suffering 143 percent annual inflation, the currency had plunged and four out of 10 Argentines were in poverty. [190] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [191]