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Argentina Exchange Rate Overview Exchange Rate forecasts and...

Drjsmith Says...

Argentina Exchange Rate
Overview
Exchange Rate forecasts and outlook for Argentina
Exchange Rate in Argentina

Argentina's exchange rate from 2013 to 2022 was marked by significant depreciation of the Argentine peso against major currencies, particularly the U.S. dollar.

Driven by economic instability, high inflation, and fiscal deficits, the peso's value eroded continuously.

Government interventions, including currency controls and debt restructuring, provided temporary relief but could not stem the long-term decline.

By 2022, the peso had reached historic lows, reflecting persistent economic challenges and lack of investor confidence.

The exchange rate ended 2022 at ARS 177.1 per USD, compared to the end-2021 value of ARS 102.7 per USD and the figure a decade earlie

Posted January 17 2024 at 4:40 PM

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