USA Dollars (USD) to Argentine Peso

Currency converter calculators
for USA Dollars (USD) to Argentine Peso today currency exchange ratio:

Date for today: Friday 18th of May 2012 05:12:29 AM
Choose currency

Enter the unit of currency for which you are interested and click next table. If you enter 1 Argentine Peso for example, you will receive its equivalent in Dollars, Euros, Dinars, Liras, Levs, Rubles etc. You can enter any arbitrary amount of currencies below. Rates are updated daily and accuracy is provide by Google gadgets.

The peso (originally established as the nuevo peso argentino or peso convertible ) is the currency of Argentina . Its ISO 4217 code is ARS , and the symbol used locally for it is $ (to avoid confusion, Argentines frequently use US$ , U$ , U$S , or U$A to indicate U.S. dollars ). It is divided into 100 centavos. The peso was also the name of several earlier currencies of Argentina.

Argentine Peso

Coins of Peso:
In 1992, 1, 5, 10, 25 and 50 centavo coins were introduced, followed by 1 peso in 1994. The 1 centavo coins were last minted in 2001 and they have been withdrawn from circulation

Banknotes of Peso: In 1992, banknotes were introduced in denominations of 1, 2, 5, 10, 20, 50, and 100 pesos. The 1 peso notes were replaced by a coin in 1994. Note that the pictures below are outdated, since they bear the "Convertibles de curso legal" (meaning their value was fixed to the same amount in US Dollars). New bills, printed since 2002, don't have this text. As most bills have been replaced, is rare to find them except in $50 and $100.

As of November 2008, with more than €751 billion in circulation. Converted at exchange rate for 2008-11-28 of EUR 1 = USD 1.2694 - "Historic exchange rates". Retrieved on 1 January 2009., the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar. Based on IMF estimates of 2008 GDP and purchasing power parity among the various currencies, the Eurozone is the second largest economy in the world.

Since January 2002, the exchange rate fluctuated, up to a peak of four pesos to one dollar (that is, a 75% devaluation). The exports boom then produced a massive inflow of dollars into the Argentine economy, which helped lower their price. On the other hand, the current administration has publicly acknowledged a strategy of keeping the exchange rate between 2.90 to 3.10 pesos per U.S. dollar, in order to maintain the competitiveness of exports and encourage import substitution by local industries. When necessary, the Central Bank emits pesos and buys dollars in the free market (sometimes large amounts, in the order of 10 to 100 million USD per day) to keep the dollar price from dropping, and had amassed over 27,000 million USD in reserves before the 9,810 million USD payment to the IMF in January 2006.