After the opening of markets the American dollar is quoted today at 163.17 interbank Argentine pesos which implied a change of 0.06% with respect to the figure of the previous session, when it traded at 163.08 interbank Argentine pesos on average.

In the last seven days, the American dollar scores a promotion from 0.44%so that from a year ago it still maintains an increase in 50.21%.

Regarding the changes of this day with respect to past dates, being unable to consolidate a stable trend in recent days. In the last week the volatility is 1.81%, which is a figure clearly lower than the annual volatility data (4.59%), so that its price is presenting fewer variations than normal in recent dates.

The Argentine peso in trouble

The Argentine peso It is the legal tender in the country since 1992, this after it replaced the austral. Also known as “convertible peso”, due to its parity with the dollar that was later “broken” in 2002 due to a law initiative.

In recent years, the Argentine peso has been severely affected and has had a series of devaluations: during the mandate of Nestor Kirchner it was devalued by 9%, going from 2.87 to 3.13 pesos per dollar; a second episode came in the administration of Cristina Fernandez de Kirchnerwhen the currency lost its value by 211% and went from 3.13 to 9.74 pesos per dollar.

Later, on December 17, 2015, one week after he became president of Mauricio Macrithe Argentine peso showed a 42% devaluation and went from 9.83 to 13.95 pesos per dollar.

Currently, in the administration of Alberto Fernández, the Argentine peso has presented a variation rate of 110 pesos per dollar, reaching its highest peak before the announcement of the debt agreement with the International Monetary Fund (IMF).

The Argentine currency lost 18.09% in 2021 in relation to a price increase of 50.9 percent.

In addition to the economic crisis that Argentina has dragged on for years, the coronavirus pandemic has further impacted, reaching up to 36.1% in 2020; 50.9% in 2021; while it is expected that there will be an inflationary index of 33% for this 2022.

The economy of Argentina, the third economic power in Latin America, could slow down and grow 3% this year according to the IMF, after having had a 10% advance in 2021.

Regarding their appearance, the coins have resorted to showing various characters, but perhaps the most important commemoration was the anniversary of the recovery of the Malvinas Islands.

We recommend you:

News

By admin