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About the Argentine Peso (ARS)
What Is the Argentine Peso (ARS)?
The Argentine Peso (ARS) is the official currency of Argentina, a country with a rich and complex economic history. The peso, symbolized by "$" and subdivided into 100 centavos, has undergone several transformations and revaluations over the years. The current version, known as the peso convertible, was introduced in 1992. The Argentine Peso is the sole legal tender in Argentina, and it is used for all transactions within the country.
The Argentine Peso is issued by the Central Bank of the Argentine Republic (Banco Central de la República Argentina). The Central Bank is responsible for regulating the currency and implementing monetary policy in Argentina, including the issuance of banknotes and coins. This role includes managing the country's foreign exchange reserves, setting interest rates, and working to maintain financial stability in the country.
What Is the History of ARS?
The peso has been Argentina's currency since its independence. Initially, Argentina used Spanish reales, Portuguese escudos, and its own soles. The first official pesos, the peso fuerte and peso moneda corriente, were introduced in 1826. The peso moneda nacional replaced these in 1881. The peso ley replaced the peso moneda nacional in 1970, followed by the peso argentino in 1983, and the austral in 1985. Each change reflected the country's ongoing economic challenges, including hyperinflation. In 1992, the peso convertible emerged, initially with a 1:1 parity with the U.S. dollar. This parity was maintained until early 2002, after which the peso's value declined significantly.
Notes and Coins of ARS
Coins are issued in denominations of 1, 5, 10, 25, and 50 centavos, and 1, 2, 5, and 10 pesos. Banknotes come in 1, 2, 5, 10, 20, 50, 100, 200, 500, and 1,000 pesos. Commemorative coins and banknotes have been issued to celebrate various historic figures and events.
Economic Challenges
Argentina's economy has been marked by high inflation rates and economic recessions. The early 2000s saw massive capital flight, leading to bank account freezes and a default on $65 billion in debt. Despite abundant natural resources and a skilled labor force, Argentina has struggled with inflation, income inequality, and poverty. In recent years, Argentinians have increasingly turned to cryptocurrencies like Bitcoin as a hedge against inflation.
Is ARS Pegged to USD?
The Argentine Peso (ARS) is not pegged to the United States Dollar (USD). The peso was pegged to the USD at a 1:1 parity under the Convertibility Plan from 1991 until early 2002. This plan was part of an effort to stabilize the Argentine economy and curb hyperinflation.
However, this peg was abandoned in 2002 following a severe economic crisis that led to a significant devaluation of the peso. Since then, the ARS has been a floating currency, meaning its value is determined by market forces and can fluctuate based on factors such as inflation, economic policies, and investor confidence.
Is ARS a Stable Currency?
The Argentine Peso (ARS) is not considered a stable currency, primarily due to its long history of high inflation and economic volatility. As of late 2020, the official exchange rate was approximately 83 pesos to 1 USD, but the black market rate was nearly double that figure. By 2023, the situation had further deteriorated, with the official exchange rate reaching 350 pesos to the dollar, and over 720 pesos on unregulated markets. As of January 2024, the official exchange rate was approximately 800 pesos to 1 USD. This rapid devaluation and the wide gap between official and unofficial exchange rates reflect the peso's instability. These factors contribute to the perception of the Argentine Peso as an unstable currency in the global financial landscape.
AXE to DZD conversion rate trend
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Current AXE to DZD exchange rate
Axe to Argentine Peso is rising this week.AXE to DZD Conversion tables
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DZD to AXE
AXE to DZD Today vs. 24 hours ago
Amount | 10:19 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 AXE | د.ج0.4954 | د.ج0.4884 | +1.43% |
1 AXE | د.ج0.9908 | د.ج0.9768 | +1.43% |
5 AXE | د.ج4.95 | د.ج4.88 | +1.43% |
10 AXE | د.ج9.91 | د.ج9.77 | +1.43% |
50 AXE | د.ج49.54 | د.ج48.84 | +1.43% |
100 AXE | د.ج99.08 | د.ج97.68 | +1.43% |
500 AXE | د.ج495.38 | د.ج488.41 | +1.43% |
1000 AXE | د.ج990.77 | د.ج976.81 | +1.43% |
AXE to DZD Today vs. 1 month ago
Amount | 10:19 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 AXE | د.ج0.4954 | د.ج0.5484 | -9.67% |
1 AXE | د.ج0.9908 | د.ج1.1 | -9.67% |
5 AXE | د.ج4.95 | د.ج5.48 | -9.67% |
10 AXE | د.ج9.91 | د.ج10.97 | -9.67% |
50 AXE | د.ج49.54 | د.ج54.84 | -9.67% |
100 AXE | د.ج99.08 | د.ج109.68 | -9.67% |
500 AXE | د.ج495.38 | د.ج548.4 | -9.67% |
1000 AXE | د.ج990.77 | د.ج1,096.8 | -9.67% |
AXE to DZD Today vs. 1 year ago
Amount | 10:19 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 AXE | د.ج0.4954 | د.ج0.04649 | +965.48% |
1 AXE | د.ج0.9908 | د.ج0.09299 | +965.48% |
5 AXE | د.ج4.95 | د.ج0.4649 | +965.48% |
10 AXE | د.ج9.91 | د.ج0.9299 | +965.48% |
50 AXE | د.ج49.54 | د.ج4.65 | +965.48% |
100 AXE | د.ج99.08 | د.ج9.3 | +965.48% |
500 AXE | د.ج495.38 | د.ج46.49 | +965.48% |
1000 AXE | د.ج990.77 | د.ج92.99 | +965.48% |
How to convert AXE to DZD



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