Closing value of the dollar in Argentina this October 31 from USD to ARS

In the last day the American dollar paid at closing 156.89 interbank Argentine pesos on averagewhich represented a change of 0.57% with respect to the price of the previous session, when it ended with 156 interbank Argentine pesos.

If we consider the data of the last week, the American dollar accumulated a rise of 0.97%which is why for a year now it has accumulated an increase in 47.32%. In relation to previous days, it inverted the result of the previous day, where it ended with a drop of 0.19%, proving unable to establish a stable trend lately. In reference to the volatility of the last week, it was 3.02%, which is a figure clearly lower than the annual volatility figure (4.46%), so that in this last phase there are fewer changes 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 “convertible peso”, due to its equivalence with the dollar that was later “broken” in 2002 due to a bill.

In the last two decades, the Argentine peso has been severely affected and has undergone a series of devaluations: during the mandate of Nestor Kirchner it was devalued 9% when it went 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, a week after the arrival to the presidency 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 rise 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 inflation rate 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 an advance of 10% in 2021.

On 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.

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