Historical exchange rates of Argentine currency Historical exchange rates of Argentine currency The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: The value of one current peso is 10,000,000,000,000 (trillion) "pesos moneda nacional" (m$n), the currency in use from 1881 to 1969. It's also equal, as of the end of September 2018, to around 177 trillion 1914 pesos with the U.S. dollar as reference an average annual depreciation relative to the dollar of 27% (i.e. an annual increase of
Currency substitution effect of this regulation on the pattern of currency substitution depends on the public's expectations of macroeconomic stability and the sustainability of the foreign exchange regime. Currency substitution Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of the domestic currency. Currency substitution can be full or partial. Most, if not all, full currency substitution has taken place after a major economic crisis, for example, Ecuador and El Salvador in Latin America and Zimbabwe in Africa. Some small economies, for whom it is impractical to maintain an independent currency, use those of their