Opening value of the dollar in Argentina this March 22 of USD to ARS

The US dollar is trading at the opening at 115.25 official dollars on average, so it implied a rise of 4.78% compared to the previous day's figure, which was 109.99 official dollars on average.

With reference to the profitability of the last seven days, the US dollar registered an increase of 5.43%, so for a year it has still maintained a rise of 26.94%. As for the variations of this day compared to previous days, it has 91 consecutive sessions in positive figures. The volatility of the last seven days shows a noticeably higher return than the volatility shown in the last year's figures, presenting itself as an asset with greater variations than usual.

In the annual photo, the US dollar has reached a maximum of 115.25 official dollars on average, while its lowest level has been 103.04 official dollars on average.

Argentine peso

The Argentine peso has been the legal tender in the country since 1992, this after it replaced the southern one. Also known as the “convertible peso”, because of its resemblance to the dollar that was later “broken” in 2002 due to a bill.

In recent years, the Argentine peso has been severely affected and has suffered a series of devaluations: during the period of Néstor Kirchner it was devalued by 9%, from 2.87 to 3.13 pesos per dollar; a second episode came in the administration of Cristina Fernández de Kirchner, when the currency lost its value by 211 % from 3.13 to 9.74 pesos per dollar.

Later, on December 17, 2015, a week after Mauricio Macri's presidency, the Argentine peso showed a 42% devaluation from 9.83 to 13.95 pesos per dollar.

Currently, in Alberto Fernández's administration, the Argentine peso has shown a variation rate of 110 pesos per dollar, reaching its highest rise before the announcement of the debt agreement with the International Monetary Fund (IMF).

The Argentine currency lost 18.09% in 2021 relative to a price increase of 50.9 percent.

In addition to the economic crisis that Argentina has carried through for years, the pandemic of 19 has had an even greater impact, reaching 36.1% in 2020; 50.9% in 2021; while an inflation rate of 33% is expected by 2022.

Argentina's economy, the third economic power in Latin America, could slow down and grow by 3% this year according to the IMF, after having made a 10% increase in 2021.

Regarding their appearance, coins have resorted to showing various characters, but perhaps the most important commemoration was the anniversary of the recovery of the Falkland Islands.

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