Convert 5000000 US Dollar (USD) to Argentine Peso (ARS)
Exchange rates used for currency conversion updated on November 21st 2024 ( 11/21/2024 )
Below you will find the latest exchange rates for exchanging US Dollar (USD) to Argentine Peso (ARS) , a table containing most common conversions and a chart with the pair's evolution.
The US Dollar (USD) 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 US Dollar and Argentine Peso on 11/21/2024 is 1 USD = 1002.7452 ARS - AVERAGE intraday quotes were used for this currency conversion.
Convert 5000000 USD / 5000000 ARS to major currencies
The privately owned and government sanctioned United States Federal Reserve Bank manages the monetary policy for the United States dollar (USD). The USD is the the worlds most widely held reserve currency and the most traded currency in world currency trading markets. The USD is official currency in 14 countries and the unofficial or de facto currency in 37 others. The US dollar is the second largest currency in circulation having been surpassed by the euro. The USD is a floating fiat currency.
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.
