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Politics 99% loss of value in peso in my time, momentous day
Today, April 17, 2023, marks the day that yours truly has seen a 99% percent drop in the value of the peso's fx rate (for the masses) with USD, from 4.03:1 to 403:1 . Cool to have converted at both rates (sheds a tear, awaits the Tshirt). Even the dollar took about 90 years to achieve this feat...- AlfredCollins
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- argentine peso currency depreciation economic situation economic trends exchange rate financial news fx rate hyperinflation
- Replies: 4
- Forum: ExPat Life
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Economy Inflation in Argentina.
Imagine my surprise when I picked up the Buenos AIres Herald this morning to find it has gone up to 5 pesos. Of course there is inflation in Argentina !!- GallardoYes
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- argentina buenos aires herald cost of living currency depreciation currency fluctuations currency value economic challenges economic trends financial news inflation inflation in argentina inflation rate news reporting
- Replies: 9
- Forum: ExPat Life
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Economy Blue Dollar: Peso has devalued 22% over the last 30 days
Today the dollar hit $6.15 in the blue market and as high as $7.50 in the interior of the country... amazing! In 30 days the price has gone from 5.03 to 6.15, moving more than an entire peso. We have broken the psychological barrier of $6 pesos. That's a devaluation of 22% in just 30 days. What...- TechNow
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- argentine economy blue dollar blue market currency exchange currency fluctuations dollar dollar price economic trends exchange rates expatriate perspectives financial decisions financial markets foreign exchange investment strategies market analysis peso peso devaluation peso value
- Replies: 13
- Forum: ExPat Life
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