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Opening value of the dollar in Argentina this November 1 from USD to ARS

The American dollar is negotiated at the beginning of the session 156.89 interbank Argentine pesos on averagewhich implied a change of 0.46% when compared to the 156.17 interbank Argentine pesos of the previous day.

Taking into account the last seven days, the American dollar marks a rise in 0.76%which is why for a year it still maintains an increase in 47.29%. Comparing this data with that of previous days, it chains two consecutive days in positive digits. In the last week the volatility is 2.49%, which is a figure well below the annual volatility figure (4.45%), showing itself as a value with fewer changes than usual in recent days.

Problems for the 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 peak 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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