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Q: What is the Argentine Peso worth against the Dollar? A: One Argentine Peso is worth 0.0009 Dollars today Q: Is the Argentine Peso going up or down against the Dollar? A: Today's exchange rate ...

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Since 2002, and with convertibility over, accumulated inflation in Argentina soared 435%., and the Peso in the black market, once equivalent to a US dollar, is now worth less than five US cents.

USD/ARS chart by TradingView What is unclear, however, is that the future of the Argentine peso is in peril, which is in line with Milei’s campaign promise of dollarizing the economy.

After Argentina’s economy boomed in 2017 and market-friendly President Mauricio Macri’s coalition triumphed at legislative elections last October, economists had rosy expectations for the ...