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MGP to ARS Converter and calculator

MGP/ARS: 1 MGP = 36.8 ARS. The price of converting 1 Magpie (MGP) to Argentine Peso (ARS) is 36.8 ARS today.
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ARS
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to ARS real-time exchange rates, making it easy to convert Magpie (MGP) to Argentine Peso (ARS). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 36.80 ARS. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 36.80 ARS, which means buying 5 MGP would cost 183.98 ARS. Similarly, $1 ARS can be converted to 0.02718 MGP, and $50 ARS can be converted to 0.1359 MGP, excluding any platform or gas fees.

Convert MGP to ARS

Convert ARS to MGP

Magpie
Argentine Peso
100 MGP
3,679.64  ARS
200 MGP
7,359.28  ARS
500 MGP
18,398.21  ARS
1000 MGP
36,796.41  ARS
5000 MGP
183,982.06  ARS
10000 MGP
367,964.13  ARS
In the table above, you'll find a comprehensive MGP to ARS converter that shows the value of Magpie in Argentine Peso across commonly used conversion amounts. The list covers conversions from 1 MGP to ARS, all the way up to 10000 MGP, providing a clear view of their respective values.
Argentine Peso
Magpie
100000 ARS
2,717.66 MGP
In the table above, you'll find a comprehensive ARS to MGP converter that shows the value of Argentine Peso in Magpie across commonly used conversion amounts. The list covers conversions from 1 ARS to MGP, all the way up to 100000 ARS, providing a clear view of their respective values.

MGP to ARS chart

MGP/ARS: 1 MGP = 36.8 ARS; 2025/05/03 03:58:33
In the past 1D, Magpie has changed +11.91% to ARS. Based on the trend and price charts, Magpie(MGP) has changed +11.91% to ARS while Argentine Peso(ARS) has changed % to MGP in the last 24 hours.
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MGP to ARS conversion data: Volatility and price changes of Magpie in ARS

The highest Magpie price in ARS over the past 7 days was 39.07 ARS while the lowest Magpie price in ARS over the past 7 days was 32.36 ARS. The relative change between the highs and lows in Magpie price in ARS over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to ARS prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
39.07 ARS
39.07 ARS
40.91 ARS
86.94 ARS
Low
32.52 ARS
32.36 ARS
24.37 ARS
24.37 ARS
Average
0 ARS
0 ARS
0 ARS
0 ARS
Volatility
%
%
%
%
Change
+11.91%
-2.64%
-17.37%
-60.36%

Magpie information

MGP to ARS market statistics

MGP/ARS:
$36.8
MGP 24h volume:
$135,350,277.78
MGP market cap:
$16,819,755,198.61
MGP circulating supply:
457.10M MGP

Current MGP to ARS exchange rate

Magpie to Argentine Peso is falling this week.
Magpie's current market price is $36.8 per MGP, with a total market cap of $16,819,755,198.61 ARS based on a circulating supply of 457,103,140 MGP. The trading volume of Magpie has changed by +36.43% ($36,145,251.95 ARS) in the last 24 hours. Last trading day, MGP's trading volume was $99,205,025.83.

More info about Magpie on Bitget

Argentine Peso information

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.

Bitget crypto-to-fiat exchange data shows that the most popular Magpie currency pair is the MGP to ARS, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

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How to convert MGP to ARS

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MGP to ARS Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Argentine Peso has changed by -2.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.91%, reaching a high of 39.07 ARS and a low of 32.52 ARS . One month ago, the value of 1 MGP was $44.53 ARS , which represents a -17.37% change from its current value. Over the last year, Magpie has changed by
-$
46.17ARS
, resulting in a change of -55.65% in its value.
24 hours ago1 month ago1 year ago
Amount03:58 am today24 hours ago24h change
0.5 MGP$18.4$16.44
+11.91%
1 MGP$36.8$32.88
+11.91%
5 MGP$183.98$164.41
+11.91%
10 MGP$367.96$328.82
+11.91%
50 MGP$1,839.82$1,644.08
+11.91%
100 MGP$3,679.64$3,288.17
+11.91%
500 MGP$18,398.21$16,440.84
+11.91%
1000 MGP$36,796.41$32,881.67
+11.91%

MGP to ARS FAQ

How much is 1 Magpie in ARS?
Right now, the price of 1 Magpie (MGP) in Argentine Peso (ARS) is $36.8.
How much MGP can I buy for 1 ARS?
Based on the current exchange rate, you can get 0.02718 MGP for 1 ARS.
How do I calculate or convert MGP to ARS?
You can use our MGP to ARS calculator at the top of this page to convert any amount of MGP to ARS. We've also included quick-reference tables for the most popular conversions. For example, 5 ARS is equivalent to 0.1359 MGP, while 5 MGP will cost around 183.98ARS.
What is the highest price of MGP/ARS in history?
The all-time high price of 1 MGP in ARS is $247.53. It remains to be seen if the value of 1 MGP/ARS will exceed the current all-time high.
What is the price trend of Magpie in ARS?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone down by 2.64%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 17.37% against Argentine Peso (ARS).

What factors influence the conversion rate of MGP to ARS?

There are many factors that affect the relationship between Magpie and Argentine Peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MGP/ARS. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/ARS. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/ARS.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MGP/ARS. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magpie and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.