Argentina: Dollar close today 5th October from USD to ARS
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That American dollar quoted at the end 148.88 Argentine interbank pesos so that it represented a change of 0.42% compared to the 148.25 Argentine interbank pesos average of the previous day.
Let’s look at the data for the last seven days, the American dollar gets a raise 1.24%which is why there was still an increase of accumulated last year 43.63%. He compared this data to previous days and added three consecutive dates in green. The volatility of the last seven days showed a lower behavior than the volatility that the data of the last year shows, which shows that the price has less fluctuation than expected in the last few days.
The Argentine peso in trouble
That Argentine peso It has been the country’s legal tender since 1992, after replacing the Austral. Also known as the “convertible peso” due to its similarity to the dollar, which was later “broken” due to a bill in 2002.
In recent years, the Argentine peso has been badly hit and has had a series of devaluations: during the mandate of Nestor Kirchner it depreciated 9% as it rose from 2.87 to 3.13 pesos per dollar; a second episode came in the administration of Cristina Fernandez de Kirchneras the currency depreciated by 211%, falling from 3.13 to 9.74 pesos per dollar.
Later, on December 17, 2015, a week after arriving at the presidency of Maurice MacriThe Argentine peso showed a 42% devaluation, rising from 9.83 to 13.95 pesos per dollar.
Currently, in the administration of Alberto Fernández, the Argentine peso has presented a fluctuation rate of 110 pesos per dollar, its highest level before the announcement of the debt deal with the International Monetary Fund (IMF).
The Argentine currency lost 18.09% in 2021, rising 50.9 percent.
In addition to the economic crisis in Argentina that has been going on for years The 19 pandemic has continued to have an impact, reaching up to 36.1% in 2020; 50.9% in 2021; while for this year 2022 an inflation rate of 33% is expected.
The economy of Argentina, the third largest economic power in Latin America, could slow down and will grow 3% this year, according to the IMF, after posting a 10% increase in 2021.
The coins drew on different characters when they appeared, but perhaps the most important commemoration was the anniversary of the recapture of the Malvinas Islands.
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