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Argentinian peso exchange rate
Are you interested in the current exchange rates and the price of the Argentine peso? Stay up to date at all times! Below we present the current quotes of the Argentine peso in our online exchange.
Argentinian peso exchange rate - chart
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Argentinian peso exchange rate in the charts is presented for indicative purposes, based on approximate data and is not of a transactional nature, i.e. it is not part of the website's offer or a proposal to make a transaction.
Argentinian peso
According to ISO 4217, the Argentinian currency is denoted by the international code ARS. The Argentinian peso is currently valid currency only within Argentina, where it is described by the symbol $.
The Argentine peso and its contemporary face
Peso has been shaped by decisions of the Banco Central de la Republica Argentina, the Argentine Central Bank, which controls the banking system and is responsible for the country's monetary policy. Its actions influence the exchange rate the Argentine peso will achieve. It also manages the issuance of banknotes and coins in Argentina. The Argentine peso is divided into 100 centavos, although coins with a denomination of less than 1 peso are rarely used. In 1992, the first series of banknotes introduced denominations of 1, 2, 5, 10, 20, 50 and 100 pesos, with the 1-peso note being replaced by a coin of this denomination 2 years later. Due to continuous devaluation to which the Argentine currency was subject, banknotes with denominations of 200 and 500 pesos were issued in 2016 in the fourth series, and in 2018 - 1,000 pesos. In contrast, the latest series of banknotes from 2023 contains the denominations of 100, 200, 500, 1000 and the new highest denomination, the 2000 peso.
Over the course of more than 30-year history of Argentina's present currency, it is not only the denominations that have changed, but also the appearance of the banknotes. The obverses of its current series are decorated with depictions of important figures who have played an important role in Argentina's history, such as Eva Perón, a political and social activist and the wife of Argentine President Juan Perón. The reverses depict important events related to the figures on the obverse, such as the granting of suffrage to women.
Argentina's currency over the centuries
Initially, the Argentinian peso was a colonial currency, having emerged with the arrival of the Spanish conquistadors. It was not until the 19th century, after the country gained independence, that Argentinian currency began its history by issuing its own coins. In 1826, the first banknotes began to be issued. Over the centuries, the Argentine currency has changed: from the peso, to the peso fuerte, the current peso (moneda corriente), the national peso (moneda nacional), the peso ley, the Argentine peso, the Australian peso, and finally, today, the new Argentine peso, called the convertible peso, which was introduced in 1992.
At the time of its implementation, the central bank there set the international exchange rate at 1 ARS for 1 USD. In 2002, after the economic crisis, the fixed exchange rate was discontinued, which translated into a strong devaluation of the peso. There was then a significant increase in exports and an increased inflow of dollars into the Argentine market. Monetary policy and further peso issuance consequently caused the Argentine peso to lose value. The following years saw further troubles for the Argentine currency, including hyperinflation. At the end of 2023, it was announced that the peso would be devalued by more than 50 per cent, putting the exchange rate at 800 pesos per dollar. This is one of the most important steps in rebuilding Argentinian economic potential and restoring economic stability.
Things to know about the Argentinian peso
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In 1995, the British Mint issued about 56 million 1-peso coins with an error... They were inscribed "Provingias..." instead of "Provincias...". The Argentinians continue to use these coins on a daily basis.
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Despite the high denominations on the banknotes, Argentine currency does not have much value. Due to economic problems, the value of the 2,000 peso - the highest denomination banknote in Argentinian - is only about US$2.5, or about PLN 10.
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The Central Bank of Argentina (BCRA) is preparing to issue banknotes with larger denominations: ARS 20,000 and ARS 50,000.
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