Dollar: open today, October 4th in Argentina
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That American dollar will be paid for in today’s session 148.08 Argentine interbank pesos on averagewhich marked a change of 0.49% from 147.36 Argentine interbank pesos in the previous session.
Regarding the last seven days, the American dollar accumulated an increase of 0.82%so for a year it has still accumulated an increase 43.05%. Regarding past days, add two consecutive dates positive. In the last week, the volatility is significantly lower than last year’s values (4.3%), so it has been behaving more stable than expected lately.
Problems for the Argentine Peso
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.
Over the past two decades, the Argentine peso has been badly depressed and has undergone a series of devaluations: during the administration 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 Maurizio 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 posted an exchange rate of 110 pesos to the dollar, its highest high 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 SARS-CoV-2 pandemic has other effects, 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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