News

Argentina: opening price of the dollar today December 9 from USD to ARS

In today’s session the American dollar paid at start of operations 169.71 interbank Argentine pesos which implied a change of 0.05% compared to the value of the previous day, when it marked 169.80 interbank Argentine pesos on average.

Taking into account the last week, the American dollar scores a raise 0.97%so that in year-on-year terms there is still an increase in 53.05%.

If we compare the figure with previous dates, it ends three consecutive sessions with a positive trend. The volatility figure is somewhat lower than the data obtained for the last year (4.63%), therefore in this last phase it is trending less variations than expected.

Argentine peso

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

In the last two decades, the Argentine peso has been severely affected and has had a series of devaluations: during the administration 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 an exchange rate of 110 pesos per dollar, reaching its highest point 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 COVID- 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

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button