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Dollar: opening price today October 28 in Argentina

The American dollar is negotiated at the beginning of the session 155.69 interbank Argentine pesos so that it implied a change of 0.2% if it is compared with the data of the previous session, when it was quoted at 155.38 interbank Argentine pesos on average.

Taking into account the last seven days, the American dollar accumulates an increase in 1.24%so that for a year it has still maintained a rise of 46.84%. As for the changes of this day compared to previous days, it chains five consecutive days of gains. In reference to the volatility of the last week, it is well below the figure achieved for the last year (4.45%), so we can say that it is going through a period of greater stability in recent times.

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 parity with the dollar, which 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 period 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 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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