Argentine Peso (ARS)

The Argentine peso - previously “peso converible” - is the official currency of Argentina, identified with the $ symbol. Each Argentine peso is divided into 100 centavos.

The ISO 4217 code of the Argentine peso is ARS and the most common exchange rate for Argentine currency is USD/ARS, which is the exchange rate between the US dollar and the Argentine peso.

The history of the Argentine peso

The other coins that followed one another in the history of Argentina were also called "peso"; with the progress of inflation it became necessary to remove some zeros and introduce a currency with a different qualifier. Since 1970, 13 zeros have been eliminated from the expression of money - by a factor of ten trillion.

Argentine peso: the exchange rate with the dollar

In more recent times, the official exchange rate fluctuated around 3 pesos per dollar between 2002 and 2008, around 4 pesos between 2009 and 2011, and exceeded 6 pesos in November 2013, before rising again to 6.5 pesos per dollar in December 2013. As of October 2014, the exchange rate has remained at approximately 8 pesos per dollar, while in February 2015 it was at 9 per USD.

On 16 December 2015, Macri’s new government announced the start of the free oscillation of the Argentine peso against the US dollar, causing a strong devaluation of the local currency and bringing the USD/ARS exchange rate to reach 14.