Argentine Peso (ARS) Profile
Currency name:
Argentine peso ARS converter to world currencies »
Currency code:
Currency symbol:
$
Subunit:
1/100, centavo
Coins freq used:
$1, $2, 1 centavo, 5 centavos, 10 centavos, 25 centavos, 50 centavos
Coins rarely used:
Banknotes freq used:
$2, $5, $10, $20, $50, $100
Banknotes rarely used:
Central bank:
Central Bank of Argentina (www.bcra.gov.ar)
Currency users:
Currency notes:
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Argentine peso users
The Argentine peso is the currency of Argentina (officially the Argentine Republic) which locates in southern of South America. Argentina is the eighth largest country in Latin America and also in the world.
The country name of Argentina was created since July 9, 1816 when its predecessor La Plata Province declared independence from Spain. The name was firstly formal used in 1826 as Argentine Republic and Argentine Nation.
Argentina is a member of the Union of South American Nations (briefed as UZAN or UNASUL or UNASUR according to various languages) which is an intergovernmental union and was established on December 8, 2004, consisting of twelve members and 2 observers (Mexico and Panama). The Union of South American Nations expects to model the European Union and introduce a common currency, possibly by 2019.
| "UNASUR" | Currency name | Code | 1USD= | 1EUR= | 1GBP= |
|---|---|---|---|---|---|
| Argentina | Argentine peso | ARS | 5.00599 | 6.68764 | 7.75558 |
| Bolivia | Venezuelan bolívar fuerte | BOB | 6.90964 | 9.23015 | 10.7047 |
| Brazil | Brazilian real | BRL | 1.95928 | 2.61746 | 3.03543 |
| Chile | Chilean peso | CLP | 470.738 | 628.85 | 729.321 |
| Colombia | Colombian peso | COP | 1783.29 | 2382.35 | 2762.9 |
| Ecuador | United States dollar | USD | 1.00000 | 1.33592 | 1.54932 |
| Guyana | Guyanese dollar | GYD | 203.948 | 272.451 | 315.98 |
| Paraguay | Paraguayan guaraní | PYG | 4089.31 | 5462.93 | 6335.42 |
| Peru | Peruvian nuevo sol | PEN | 2.56899 | 3.43197 | 3.98019 |
| Suriname | Suriname dollar | SRD | 3.28713 | 4.39199 | 5.09252 |
| Uruguay | Uruguayan peso | UYU | 19.0398 | 25.4355 | 29.4978 |
| Venezuela | Venezuelan bolivar | VEF | 6.29375 | 8.40786 | 9.75069 |
| Panama <2> | Panamanian balboa | PAB | 1.00000 | 1.33592 | 1.54932 |
| Mexico <2> | Mexican peso | MXN | 12.6915 | 16.9561 | 10.6619 |
Notes:
<1>. The group expects to model the EU with a common currency by 2019.
<2>. Mexico and Panama are observers of the Union of South American Nations.
Argentine peso history
Argentine peso was introduced in 1991 and replaced the Argentine austral (ARA) at 1 ARS = 10,000 ARA. The first currency of Argentina was introduced in 1813, previously only Spanish colonial reals circulated.
| Currency name | Code | Introduced since | (Being) used until | Notes |
|---|---|---|---|---|
| Argentine peso | ARS | December 31, 1991 | Present | Argentine peso replaced the Argentine austral at a rate of 1 ARS=10,000 ARA in 1991. |
| Argentine austral | ARA | June 15, 1985 | December 31, 1991 | Argentine austral replaced the Argentine peso argentino at a rate of 1 ARA= 1000 ARP in 1985. |
| Argentine peso argentino | ARP | June 6, 1983 | June 14, 1985 | Argentine peso argentino replaced the Argentine peso ley at a rate of 1 ARP=10,000 ARL. |
| Argentine peso ley | ARL | January 1, 1970 | May 5, 1983 | Argentine peso ley replaced the Argentine peso moneda nacional at a rate of 1 ARL=100 ARM. |
| Argentine peso moneda nacional | ARM | Novomber 5, 1881 | December 31, 1969 | Argentine peso moneda nacional replaced the Argentine real at a rate of 1 ARM= 8 Argentine real. |
| Argentine real | / | 1813 | Novomber 5, 1881 | Argentina started issue its own real coins since 1813 in the name of the "Rio de la Plata Province". |
| Argentine Peso fuerte | / | 1826 | 1881 | The peso fuerte was a convertibale currency and only was introduced in paper money. It replaced Spanish peso with 17 peso fuerte equaled to one Spanish ounce (27.0643 g) of 0.916 fine gold and later was dropped to 16 pesos fuertes per Spainish gold ounce in 1864. The peso fuerte was replaced by Peso moneda nacional (ARM) at par in 1881. |
| Argentine Peso moneda corriente | / | 1826 | 1881 | The peso moneda corriente was a non-convertible currency and was only introduced in paper money. It was introduced at par with Peso fuerte and replaced at 1 ARM=25 peso monedas corrientes in 1881. |
| Spanish colonial reales | / | around 1527 | 1813 | Before 1813, Spanish colonial reals circulated alone in Argentina. |
Argentine peso coins and banknotes
The Argentine peso is subdivided into 100 centavos.
Currently in circulation coins are in denominations of 1, 5, 10, 25, 50 centavos, 1, 2 pesos, and banknotes are in denominations of 2, 5, 10, 20, 50, 100 pesos.
Argentine peso and the currency of peso
Peso was originally the name of Spanish dollar (also known as the piece of eight or the eight-real coin) which was issued by Spain and minted in the Spanish Empire. Hence, Peso has been a monetary unit used by many countries which were former Spanish colonies.
| Countries | Official country name | Currency name | Currency code | Location- Continent | 1 USD= | Independence from Spain |
|---|---|---|---|---|---|---|
| Argentina | Argentine Republic | Argentine peso | ARS | South America | 4.99699 |
1.Declared, 9 July 1816 2.Current federal constitution, 1 May 1853 |
| Chile | Republic of Chile | Chilean peso | CLP | South America | 472.248 | 1.Declared, 12 Feb.1818 2.Recognized, 25 April 1844 3.Current constitution, 11 Sep.1980 |
| Colombia | Republic of Colombia | Colombian peso | COP | South America | 1784.180 | 1.Declared, 20 July 1810 2.Recognized, 7 August 18193c.Current constitution, 4 July 1991 |
| Cuba | Republic of Cuba | Cuban peso | CUP | North America | 26.500 | 1.Declared, Oct.10 1868 from Spain 2.Republic declared, May 20,1902 from the U.S. 3.Cuban Revolution, Jan.1, 1959 |
| Dominican Republic | Republic of Cuba | Dominican peso | DOP | North America | 40.7299 |
1.from Spain, Dec.1, 1821 2.from Haiti, Feb.27,1844 3.from Spain, Aug.16, 1865 |
| Mexico | United Mexican States | Mexican peso | MXN | North America | 12.6875 | 1.Declared, Sep.16,1810 2.Recognized, Sep.27,1821 |
| Philippines | Republic of the Philippines | Philippine peso | PHP | Asia | 40.7299 | 1.Established, April 27,1565 2.Declared, June 12, 1898 3.Self-government, March 24,1934 4.Recognized, July 4,1946 5.Current constitution, Feb.2,1987 |
| Uruguay | Oriental Republic of Uruguay | Uruguayan peso | UYU | South America | 18.9999 | Independence from the Empire of Brazil 1.Declaration, 25 August 1825 2.Recognition, 28 Aug. 1825 3.Constitution, 18 July 1830 |
| Countries | Official country name | Currency name | Currency code | Location- Continent | 1 USD= | Independence from Spain |
|---|---|---|---|---|---|---|
| Bolivia | Plurinational State of Bolivia | Bolivian boliviano | BOB | South America | 6.90963 | 1.Declared, 6 August 1825 2.Recognized, 21 July 1847 3.Current constitution, 7 Feb.2009 |
| Costa Rica | Republic of Costa Rica | Costa Rican colón | CRC | Central America | 500.560 | 1.from Spain, Sep.15,1821 2.Recognizednby Spain, May 10,1850 3.Constitution, Nov.7,1949 |
| Ecuador | Republic of Ecuador | United States dollar | USD | South America | 1.000 | 1.Declared, Aug.10, 1809 2.from Spain, May 24,1822 3.Recognized, Feb.16,1830 |
| Equatorial Guinea | Republic of Equatorial Guinea | Central African CFA franc | XAF | Africa | 487.639 | from Spain, 12 Oct.1968 |
| EI Salvador | Republic of El Salvador | United States dollar | USD | North America | 1.000 | 1.from Spain, Sep.15,1821 2.Recognized by Spain, June 24,1865 3.from the Greater Republic of Central America, 1898 |
| Guatemala | Republic of Guatemala | Guatemalan quetzal | GTQ | North America | 7.8445 | 1.Declared, 15 Sep.1821 2.Restored, 1 July 1823 3.Current constitution, 31 May 1985 |
| Guinea-Bissau | Republic of Guinea-Bissau | West African CFA franc | XOF | Africa | 487.641 | Independence from Portugal 1.Declared, 24 Sep.1973 2.Recognized, 10 Sep.1974 |
| Honduras | Republic of Honduras | Honduran lempira | HNL | North America | 19.920 | 1.Declared, 15 Sep.1821 2.Declared 5 Nov.1838 as Honduras |
| Nicaragua | Republic of Nicaragua | Nicaraguan córdoba | NIO | North America | 24.285 | 1.Declared, 15 Sep.1821 2.Current constitution, 9 Jan.1987 |
| Paraguay | Republic of Paraguay | Paraguayan guaraní | PYG | South America | 4114.51 | 1.Declared, 14 May 1811 2.Recognized, 15 May 1811 |
| Peru | Republic of Peru | Peruvian nuevo sol | PEN | South America | 2.58399 | 1.Declared, July 28,1821 2.Recognized, 14 August 1879 3.Current constitution, 31 Dec.1993 |
| Venezuela | Bolivarian Republic of Venezuela | Venezuelan bolívar | VEF | South America | 4.300 | 1.from Spain, 5 July 1811 2.Recognized, 30 March 1845 3.Current Constitution, 20 Dec.1999 |
| Spain | Kingdom of Spain | the Euro | EUR | Europe | 1.34509 | Current Constitutional democracy, 1978 |