1 Argentine Peso to US Dollars

Find the daily exchange rates for ARS/USD and for all the top World currencies.

Countries That Use Argentine Peso (ARS) as their official currency

The Argentine Peso (ARS) is used as the main currency in the following countries: Argentina

Countries That Use US Dollar (USD) as their official currency

The US Dollar (US Dollar) is used as the main currency in the following countries: Bonaire, British Indian Ocean Territory, East Timor, Ecuador, El Salvador, Marshall Islands, Saba, Sint Eustatius, Turks and Caicos Islands, United States

About The Argentine Peso (USD)

The USD - United States Dollar - is the official currency of the United States of America, the world's largest economy. The Dollar is symbolized by '$' and abbreviated as 'USD,' and it is subdivided into 100 smaller units called 'cents.' The US Dollar is not only the most widely used currency in the United States but is also considered the world's primary reserve currency. As the standard unit of currency for global trade and financial transactions, the US Dollar plays a crucial role in the international financial system, reflecting the economic power and influence of the United States.

The United States Dollar has a rich history, dating back to 1792 when it was established by the Coinage Act. The term 'dollar' originated from the Spanish 'dólar,' which in turn was derived from the Dutch word 'daalder,' referring to a type of silver coin used in Europe. The introduction of the Dollar helped create a standardized monetary system for the newly formed United States, replacing the diverse colonial currencies and promoting economic cohesion across the young nation. Since its inception, the US Dollar has become a symbol of stability and trust, supported by the strength of the American economy and its global influence.

The Federal Reserve, often referred to as 'the Fed,' is the central bank of the United States, established in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve is responsible for issuing the US Dollar and setting monetary policy to manage inflation, stabilize prices, and promote economic growth. The Fed plays a key role in regulating interest rates, overseeing the banking system, and ensuring the stability of the Dollar both domestically and internationally. The US Dollar is a free-floating currency, with its value determined by market forces based on supply and demand in the foreign exchange market.

The US Dollar is issued in both coin and banknote forms. Coins are available in denominations of 1, 5, 10, 25, and 50 cents, as well as 1 Dollar. Banknotes are issued in denominations of 1, 2, 5, 10, 20, 50, and 100 Dollars. Each banknote features portraits of prominent historical figures, such as George Washington, Thomas Jefferson, and Abraham Lincoln, reflecting the legacy and leadership of those who played key roles in shaping the United States. The reverse sides of the banknotes include iconic national symbols, such as the Great Seal of the United States and significant landmarks. The banknotes are designed with advanced security features, including watermarks, color-shifting ink, and 3D security ribbons, to prevent counterfeiting.

The United States Dollar is widely accepted not only across the United States but also internationally, serving as the dominant currency for global trade, investment, and reserve holdings. Many countries around the world use the US Dollar as an official or unofficial currency, and it is often used for transactions in countries experiencing high inflation or economic instability. The Dollar's stability, liquidity, and widespread acceptance make it a preferred currency for international business transactions and cross-border investments. The value of the US Dollar is influenced by a wide range of factors, including economic data, Federal Reserve policies, political events, and global trade dynamics.

The US Dollar is used for all types of transactions within the United States, from everyday purchases at grocery stores and restaurants to major business deals and real estate transactions. Tourists visiting the United States will use the Dollar for their travel expenses, including exploring famous attractions such as the Statue of Liberty, the Grand Canyon, Times Square, and the Golden Gate Bridge. The Dollar serves as both a practical currency for daily life and a symbol of American economic strength, resilience, and the nation's global influence.

Despite facing challenges over the years, including economic recessions, periods of inflation, and global financial crises, the United States Dollar has remained a stable and trusted currency. The resilience of the US economy, its strong institutions, and the Federal Reserve's monetary policies have helped maintain confidence in the Dollar. As the United States continues to lead in innovation, technology, and global trade, the US Dollar will remain an essential part of the international financial system, representing economic stability, opportunity, and leadership. The Dollar embodies the economic might of the United States and its role as a cornerstone of the global economy.

About The Argentine Peso (ARS)

The ARS - Argentine Peso - is the official currency of Argentina, a country located in South America known for its diverse landscapes, rich cultural heritage, and vibrant economy. The Peso is symbolized by '$' or 'AR$', with each Peso subdivided into 100 smaller units called 'centavos.' The Argentine Peso is a significant part of the country's economic history, and its value has fluctuated considerably due to the economic and political challenges Argentina has faced over the years.

The modern Argentine Peso was introduced in 1992, replacing the Austral at a rate of 10,000 Australes to 1 Peso. This introduction was part of an economic stabilization plan aimed at curbing hyperinflation, which had severely impacted Argentina's economy during the late 1980s and early 1990s. Initially, the Peso was pegged to the US Dollar at a 1:1 ratio under the 'Convertibility Plan,' which was intended to stabilize prices and restore confidence in the national currency. This peg was maintained until 2001, when economic pressures forced the country to abandon the fixed exchange rate, leading to a floating Peso and a significant devaluation.

Argentina has experienced various versions of the Peso throughout its history, each reflecting different economic circumstances. The Peso has undergone changes in value, symbols, and denominations, often as a response to inflationary pressures. These shifts are indicative of Argentina's complex financial history, with periods of rapid growth, political instability, and economic crises.

Today, the Argentine Peso is a free-floating currency, and its value can be volatile, affected by both domestic policies and global market conditions. Despite the challenges, the Argentine Peso remains central to everyday transactions in Argentina, reflecting the resilience of the Argentine people. The exchange rate against major world currencies, particularly the US Dollar, is closely watched both domestically and internationally due to its impact on inflation, purchasing power, and international trade.

The Argentine Peso is issued in both coin and banknote forms. Coins are available in denominations ranging from 1 to 10 pesos, while banknotes come in values from 10 to 1,000 pesos. The banknotes feature significant historical figures, such as José de San Martín and Eva Perón, along with natural and cultural symbols representing Argentina's rich heritage, including native animals and scenic landscapes like the Iguazu Falls. These images reflect Argentina's national pride and cultural identity.

While Argentina faces economic challenges, including high inflation rates, the Peso remains the official means of exchange for goods, services, and investments. The government's ongoing efforts to address inflation and stabilize the currency are part of a broader strategy to restore economic growth and confidence in the national financial system.

Argentina's unique economy, with its mix of agriculture, industry, and services, makes the Peso an essential currency not only for the country but also for regional trade within Latin America. The Peso's story is one of adaptability and endurance, symbolizing Argentina's struggles, resilience, and hopes for economic stability and prosperity.

Argentine Peso (ARS) Frequently Used Conversions