Ars Converter
Convert Ars to Usd and more • 166 conversions
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Unit Explanations
ArsARS
Source UnitThe Argentine Peso (ARS) is the official currency of Argentina, introduced in 1992 to replace the Austral. The currency is subdivided into 100 centavos. The symbol for the peso is '$', and it is commonly used in financial transactions and commerce throughout Argentina. The peso has undergone several devaluations since its introduction, influenced by various economic factors, including inflation and government monetary policies. As a fiat currency, the Argentine Peso is not backed by a physical commodity but gains value based on the trust and stability of the government that issues it. The peso is primarily used for everyday transactions, savings, and investments within the Argentine economy.
Current Use
The Argentine Peso (ARS) serves as the primary currency for all economic transactions in Argentina, from retail purchases to financial investments. It is used in various sectors including retail, hospitality, and services. The Argentine government regulates the currency, and it is also subject to foreign exchange controls that affect its availability and value. The peso is used alongside the US dollar, particularly in tourism and real estate transactions, and is often required for paying taxes and government fees. The ARS is also utilized in digital transactions through mobile banking and e-commerce platforms, reflecting the increasing digitization of the economy. Despite ongoing inflation, the peso remains an essential part of everyday life in Argentina, with citizens relying on it for daily expenses and savings.
Fun Fact
The Argentine Peso has undergone several redesigns, with the latest series featuring notable Argentine figures and landmarks.
United States Dollar$
Target UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
Ars
currency • Non-SI
Definition
The Argentine Peso (ARS) is the official currency of Argentina, introduced in 1992 to replace the Austral. The currency is subdivided into 100 centavos. The symbol for the peso is '$', and it is commonly used in financial transactions and commerce throughout Argentina. The peso has undergone several devaluations since its introduction, influenced by various economic factors, including inflation and government monetary policies. As a fiat currency, the Argentine Peso is not backed by a physical commodity but gains value based on the trust and stability of the government that issues it. The peso is primarily used for everyday transactions, savings, and investments within the Argentine economy.
History & Origin
The Argentine Peso was introduced on January 1, 1992, during a period of hyperinflation in Argentina, as a part of a currency reform led by then-Minister of Economy Domingo Cavallo. The goal was to stabilize the economy by pegging the peso to the US dollar at a one-to-one exchange rate. Before the peso, Argentina used the Austral, which suffered from severe inflation and loss of value. The introduction of the peso was significant as it aimed to restore confidence in the national currency and promote economic growth.
Etymology: The term 'peso' comes from the Spanish word meaning 'weight.' Historically, it referred to the weight of silver coins used in trade.
Current Use
The Argentine Peso (ARS) serves as the primary currency for all economic transactions in Argentina, from retail purchases to financial investments. It is used in various sectors including retail, hospitality, and services. The Argentine government regulates the currency, and it is also subject to foreign exchange controls that affect its availability and value. The peso is used alongside the US dollar, particularly in tourism and real estate transactions, and is often required for paying taxes and government fees. The ARS is also utilized in digital transactions through mobile banking and e-commerce platforms, reflecting the increasing digitization of the economy. Despite ongoing inflation, the peso remains an essential part of everyday life in Argentina, with citizens relying on it for daily expenses and savings.
💡 Fun Facts
- •The Argentine Peso has undergone several redesigns, with the latest series featuring notable Argentine figures and landmarks.
- •Inflation rates in Argentina have led to the introduction of new banknotes with higher denominations, including 2000 ARS.
- •In the early 2000s, the peso became a popular currency for barter due to its devaluation and the economic crisis.
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United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.