The American dollar quoted at the beginning of the day 144.75 interbank Argentine pesos on averagewhich meant a change of 0.09% with respect to the data of the previous day, when it closed with 144.62 interbank Argentine pesos.
Taking into account the last week, the American dollar marks a rise in 0.86%so that in the last year it still accumulates a rise of 41.61%. With respect to previous dates, it adds three successive sessions in positive values. Regarding the volatility of the last dates, it presents a behavior clearly higher than the volatility shown by the figures of the last year, so it is going through a phase of instability.
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 parity with 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 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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