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Closing value of the dollar in Argentina this October 4 from USD to ARS

In the last session the American dollar paid at closing 148.57 interbank Argentine pesos so that it represented a change of 0.82% compared to the price of the previous day, when it ended with 147.36 interbank Argentine pesos on average.

Taking into account the last seven days, the American dollar records a rise in 1.15%which is why in the last year it still maintains a rise in 43.52%. Comparing this data with that of past days, added two successive sessions in positive digits. Regarding the volatility of recent dates, it presented a slightly higher balance than the volatility reflected in the figures for the last year, presenting itself as an asset with greater changes than the general trend indicates.

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 resemblance to the dollar, which was later “broken” in 2002 due to a bill.

In recent years, the Argentine peso has been severely affected and has undergone a series of devaluations: during the administration 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 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 19 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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