Argentine Peso

Argentine Peso

Argentine Peso overview

The peso (established as the peso convertible) is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos. Its ISO 4217 code is ARS. Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% in 2017. The official exchange rate for the United States dollar hovered around 3:1 from 2002 to 2008, climbing to 6:1 between 2009 and 2013. By August 2018, the rate had risen to 40:1.

1 ARS to USD exchange rates chart

ARS to  exchange rates chart

Argentine Peso news

The peso is soaring after Argentina's central bank raises rates to 40%

The Argentine peso jumped nearly 2.25% versus the dollar on Friday after the country's central bank raised interest rates to 40%.

about 1 month indicative positive
G-20 leaders descend on Buenos Aires as host Argentina battles worst economic crisis in a decade

Argentina has been grappling with currency flight and an economy sinking deeper into recession, not to mention the worst drought in decades.

about 2 months conditional neutral
Aluminum producer Aluar profits 54% up thanks to devaluation of Argentine peso

The aluminum producer Aluar will distribute dividends among its shareholders for $ 2,884 billion (79.71 million US dollars) as a result of an increase in semiannual profits of 54.5%, the company reported to Argentina's stock exchange regulator Comisión Nacional de Valores (CNV), which was due mainly to the peso devaluation.

2 months conditional neutral

ARS currency converter