Opening value of the dollar in Argentina this October 6 from USD to ARS

The American dollar paid at the beginning of the day 148.88 interbank Argentine pesos on averageso that it represented a change of 0.2% with respect to the figure of the previous session, when it ended with 148.58 interbank Argentine pesos.

Taking into account the last week, the American dollar recorded a rise in 1.07%which is why for a year now it has accumulated a rise of 43.49%. In relation to the variations of this day with respect to previous days, it chains four consecutive sessions on the rise. Regarding the volatility of the last dates, it is 3.11%, which is a lower figure than the annual volatility figure (4.3%), which shows that its price is presenting less changes than expected in the last dates.

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 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 coronavirus 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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