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Friday, February 23, 2018

Using Money to Buy Other Monies: Exchange Rates
src: saylordotorg.github.io

The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in:

  • From January 1914 to December 1969: pesos moneda nacional
  • From January 1970 to May 1983: pesos ley
  • From June 1983 to May 1985: peso argentino
  • From June 1985 to December 1991: australes
  • From January 1992: pesos

The value of one current peso is 10,000,000,000,000 (trillion) pesos moneda nacional (m$n), the currency in use from 1881 to 1969. Its also equal, as of July 2017, to around 72,000,000,000,000 (trillion) 1914 pesos with the U.S. dollar as reference - an average annual depreciation relative to the dollar of 27% (i.e. an annual increase of the value of the dollar of 36%).


Video Historical exchange rates of Argentine currency



See also

  • Table of historical exchange rates

Maps Historical exchange rates of Argentine currency



Sources

  • Información Económica al Día: Dinero y Bancos, mecon.gov.ar (average monthly exchange rates) (in Spanish)

Historical Exchange Rates & World's Worst Currency Collapses
src: www.currencyfair.com


External links

  • BCRA - Banco Central de la República Argentina (in Spanish)

Source of article : Wikipedia