Convert 5 Argentine Peso (ARS) to Nicaraguan Cordoba (NIO)
Exchange rates used for currency conversion updated on November 21st 2024 ( 11/21/2024 )
Below you will find the latest exchange rates for exchanging Argentine Peso (ARS) to Nicaraguan Cordoba (NIO) , a table containing most common conversions and a chart with the pair's evolution.
The Argentine Peso (ARS) to Nicaraguan Cordoba (NIO) 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 Nicaraguan Cordoba on 11/21/2024 is 1 ARS = 0.0367 NIO - 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 Nicaraguan Cordoba (NIO)
Nicaragua’s official currency is the cordoba. The cordoba is divided into 100 centavos and is issued in denominations of C$10, C$20, C$50, C$100 and C$500. Banks will provide currency exchange and visitors may also find the many retailers and moneychangers will exchange currency, particularly for the US Dollar. The US Dollar is spendable in the country with most retailers gladly accepting this form of currency for payment.
