Convert 5000000 Euro (EUR) to Argentine Peso (ARS)
Exchange rates used for currency conversion updated on December 04th 2024 ( 12/04/2024 )
Below you will find the latest exchange rates for exchanging Euro (EUR) to Argentine Peso (ARS) , a table containing most common conversions and a chart with the pair's evolution.
The Euro (EUR) to Argentine Peso (ARS) 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 Euro and Argentine Peso on 12/04/2024 is 1 EUR = 1063.5248 ARS - AVERAGE intraday quotes were used for this currency conversion.
Convert 5000000 EUR / 5000000 ARS to major currencies
Governed by the Eurosystem, comprised of the European Central Bank and the central banks of each represented member state, the euro is a currency that reflects an aggregate of 17 of the 27 European Union member states. It is the second most used world reserve currency, involved in over 20% of traded currency pairs, used by over 500 million people worldwide, the largest worldwide currency in circulation, and its member states represent 14.6% of world GDP.
About Argentine Peso (ARS)
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.
