Tag: Argentine Peso exchange

• Friday, April 12th 2019 - 21:17 UTC

  Tourists are cashing in on Argentina’s economic woes

  

  International travelers are flocking to Argentina, taking advantage of the poorly performing peso to boost the value of their holiday spending money, according to latest data.

• Monday, November 26th 2018 - 21:39 UTC

  Dollar climbs in Argentina as Macri worries about football violence

  

  Buenos Aires was still shaking around noon Monday from the weekend's Libertadores Cup fiasco. President Mauricio Macri was publicly addressing the issue for the first time at a press conference escorted by Security Minister Patricia Bullrich and Justice Minister Germán Garavano. And with the spotlight there, the US dollar crept back up against the Argentine peso after a two-month nadir, closing at AR$ 39.9 per 1 US dollar at the end of the business day.

• Wednesday, May 9th 2018 - 07:32 UTC

  Peso storm: Argentina requests a US$ 30bn precautionary credit from IMF

  

  Argentina asked the International Monetary Fund for financing to help stem a run from the Peso to the US dollar that is sparking a surge in interest rates and threatening to derail the country's economic recovery. The sum requested is estimated between 25 and 30bn dollars, 500% Argentina's IMF quota and could be disbursed in two forms, a flexible credit line or a precautionary credit line.

• Tuesday, August 15th 2017 - 23:49 UTC

  Argentine stocks and the Peso strengthen following Sunday primary results

  

  Argentine stocks rose, the peso strengthened more than 3% and credit default swaps fell on Monday after the mid-term legislative primary election was seen as favoring business-friendly President Mauricio Macri's reform effort.

• Tuesday, August 1st 2017 - 07:06 UTC

  Argentine Peso rises against the US dollar as Central Bank shows its muscle

  

  Argentina's Peso rose against the dollar on Monday for the first time in two weeks, after the central bank intervened in the foreign exchange markets on Friday to halt the currency's rapid decline to historic lows, when it reached 18 Pesos.

• Thursday, December 17th 2015 - 06:50 UTC

  Argentina lifts foreign currency controls and let's Peso float, as of Thursday

  

  Argentina announced on Wednesday it was lifting currency controls and would allow the peso to float when markets open on Thursday, setting the stage for a devaluation, following pledges by new president Mauricio Macri for reforms to spur economic growth.

• Thursday, July 30th 2015 - 09:16 UTC

  Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

  

  Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso.

• Tuesday, January 28th 2014 - 05:05 UTC

  Argentine market cautious reaction to new rules on foreign exchange and dollar savings

  

  In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.

• Friday, March 15th 2013 - 06:57 UTC

  Argentina: dollar in black market climbs to milestone 8 Pesos and 57% gap with the official rate

  

  The black market dollar exchange rate in Argentina pierced the milestone 8 Pesos mark while the official rate climbed to 5.09 Pesos with the gap between the two markets reaching 57%. The other ‘cash’ option: buying Argentine shares in Buenos Aires and reselling them in New York climbed 10 cents to 8.46 Pesos.