Cryptocurrency Q&A
What is the currency exchange rate in 2023?
What is the currency exchange rate in 2023?
GeishaCharm
Sat Nov 23 2024
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5 answers
1488
I'm wondering about the currency exchange rate in 2023. I need to know the rate for converting different currencies this year.
5 answers
JejuJoy
Mon Nov 25 2024
On December 12th, 2023, the political landscape in the country underwent a significant shift with the election of Javier Milei as president.
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Giuseppe
Mon Nov 25 2024
Soon after Milei's victory, his appointed economy minister, Luis Caputo, made a bold move by altering the official exchange rate. The new rate set the value of the peso at 800 to the U.S. dollar.
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Sara
Mon Nov 25 2024
This adjustment represented a substantial devaluation from the previous official rate of 366.5 pesos per dollar. The magnitude of this change amounted to a 54% decrease in the value of the peso.
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lucas_emma_entrepreneur
Mon Nov 25 2024
Caputo's plan did not stop at this immediate adjustment. He announced that following this initial devaluation, there would be a monthly target of a 2% decrease in the value of the peso against the dollar.
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KimonoGlitter
Sun Nov 24 2024
At the same time as these official changes were being implemented, the unofficial exchange rate was operating independently. In the parallel market, the exchange rate hovered around 1000 pesos per dollar, reflecting a different perception of the peso's worth.
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