Convert 5 Argentine Peso (ARS) to Latvian Lats (LVL)
Exchange rates used for currency conversion updated on December 25th 2024 ( 12/25/2024 )
Below you will find the latest exchange rates for exchanging Argentine Peso (ARS) to Latvian Lats (LVL) , a table containing most common conversions and a chart with the pair's evolution.
The Argentine Peso (ARS) to Latvian Lats (LVL) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Argentine Peso and Latvian Lats on 12/25/2024 is 1 ARS = 0.0006 LVL - AVERAGE intraday quotes were used for this currency conversion.
The ARS is the currency code for the Argentine Peso. The current ARS has been somewhat stable since 1992 when the Central Bank of Argentina began effective management of the currency by focusing on a stable ARS to USD exchange rate. This, after 23 years of inflation that devalued the currency by a staggering ten trillion times. The current inflation rate in Argentina hovers around 22%.
ARS pesos are split into 100 units each of which is known as a centavo. The currency is currently minted and issued as coins in the following denominations: 5, 10, 25, and 50 centavos, 1 and 2 pesos; and as banknotes in 2, 5, 10, 20, 50, and 100 pesos denominations.
About Latvian Lats (LVL)
The Latvian official currency is the lats. Lats are each subdivided into santimi and there are commemorative coins distributed by the Bank of Latvia as well. The Lats is the fourth most valuable currency form in the world coming in behind only the Kuwaiti dinar, the Bahraini dinar and the Omani rial. The lats was reintroduced as the country’s official currency in 1993 after being replaced by the rublis for a short period of time. The Lats is currently under consideration to be replaced completely by the euro sometime in the near future.
