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base info Dai

Dai to Argentine Peso Converter and calculator

Convert 1Dai (DAI) to Argentine Peso (ARS) equals $ 863.66 | Bitget

ARS information

About the Argentine Peso (ARS)

What Is the Argentine Peso (ARS)?

The Argentine Peso (ARS) is the official currency of Argentina, a country with a rich and complex economic history. The peso, symbolized by "$" and subdivided into 100 centavos, has undergone several transformations and revaluations over the years. The current version, known as the peso convertible, was introduced in 1992. The Argentine Peso is the sole legal tender in Argentina, and it is used for all transactions within the country.

The Argentine Peso is issued by the Central Bank of the Argentine Republic (Banco Central de la República Argentina). The Central Bank is responsible for regulating the currency and implementing monetary policy in Argentina, including the issuance of banknotes and coins. This role includes managing the country's foreign exchange reserves, setting interest rates, and working to maintain financial stability in the country.

What Is the History of ARS?

The peso has been Argentina's currency since its independence. Initially, Argentina used Spanish reales, Portuguese escudos, and its own soles. The first official pesos, the peso fuerte and peso moneda corriente, were introduced in 1826. The peso moneda nacional replaced these in 1881. The peso ley replaced the peso moneda nacional in 1970, followed by the peso argentino in 1983, and the austral in 1985. Each change reflected the country's ongoing economic challenges, including hyperinflation. In 1992, the peso convertible emerged, initially with a 1:1 parity with the U.S. dollar. This parity was maintained until early 2002, after which the peso's value declined significantly.

Notes and Coins of ARS

Coins are issued in denominations of 1, 5, 10, 25, and 50 centavos, and 1, 2, 5, and 10 pesos. Banknotes come in 1, 2, 5, 10, 20, 50, 100, 200, 500, and 1,000 pesos. Commemorative coins and banknotes have been issued to celebrate various historic figures and events.

Economic Challenges

Argentina's economy has been marked by high inflation rates and economic recessions. The early 2000s saw massive capital flight, leading to bank account freezes and a default on $65 billion in debt. Despite abundant natural resources and a skilled labor force, Argentina has struggled with inflation, income inequality, and poverty. In recent years, Argentinians have increasingly turned to cryptocurrencies like Bitcoin as a hedge against inflation.

Is ARS Pegged to USD?

The Argentine Peso (ARS) is not pegged to the United States Dollar (USD). The peso was pegged to the USD at a 1:1 parity under the Convertibility Plan from 1991 until early 2002. This plan was part of an effort to stabilize the Argentine economy and curb hyperinflation.

However, this peg was abandoned in 2002 following a severe economic crisis that led to a significant devaluation of the peso. Since then, the ARS has been a floating currency, meaning its value is determined by market forces and can fluctuate based on factors such as inflation, economic policies, and investor confidence.

Is ARS a Stable Currency?

The Argentine Peso (ARS) is not considered a stable currency, primarily due to its long history of high inflation and economic volatility. As of late 2020, the official exchange rate was approximately 83 pesos to 1 USD, but the black market rate was nearly double that figure. By 2023, the situation had further deteriorated, with the official exchange rate reaching 350 pesos to the dollar, and over 720 pesos on unregulated markets. As of January 2024, the official exchange rate was approximately 800 pesos to 1 USD. This rapid devaluation and the wide gap between official and unofficial exchange rates reflect the peso's instability. These factors contribute to the perception of the Argentine Peso as an unstable currency in the global financial landscape.

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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to ARS, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

DAI to ARS conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.01% to ARS. Based on the trend and price charts, Dai(DAI) has changed +0.01% to ARS while Argentine Peso(ARS) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$863.15
0.0001% / 0.0004%vip-iconVIP
Kraken
$863.11
0.1000% / 0.1000%
Yes
OKX
$863.41
0.080% / 0.100%
Yes
Huobi
$862.72
0.1000% / 0.1000%
Yes
Gate.io
$860.48
0.1000% / 0.1000%
Yes
Bybit
$862.89
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 16:00:30(UTC+0)

What factors influence the conversion rate of Dai to Argentine Peso?

Dai to Argentine Peso is rising this week.
Dai's current market price is $ 863.66 per DAI, with a total market cap of $ 4,618,754,380,213.66 ARS based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -5.48% ($ -38,799,904,396.54 ARS) in the last 24 hours. Last trading day, DAI's trading volume was $ 708,014,532,518.4.
Market cap
$5.35B
24h volume
$774.85M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at $ 863.66 ARS , which means buying 5 DAI will cost $ 4,318.3 ARS . Similarly, $1 ARS can be traded for 0.001158 DAI, and $50 ARS can be converted to 0.05789 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Argentine Peso has changed by +0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 864.6 ARS and a low of 863.35 ARS . One month ago, the value of 1 DAI was $ 863.65 ARS , which represents a +0.00% change from its current value. Over the last year, Dai has changed by
+$
0.1957ARS
, resulting in a change of +0.02% in its value.

DAI to ARS

Amount
16:28 today
0.5 DAI
$431.83
1 DAI
$863.66
5 DAI
$4,318.3
10 DAI
$8,636.59
50 DAI
$43,182.97
100 DAI
$86,365.94
500 DAI
$431,829.7
1000 DAI
$863,659.41

ARS to DAI

Amount16:28 today
0.5ARS0.0005789  DAI
1ARS0.001158  DAI
5ARS0.005789  DAI
10ARS0.01158  DAI
50ARS0.05789  DAI
100ARS0.1158  DAI
500ARS0.5789  DAI
1000ARS1.16  DAI
share

Today vs. 24 hours ago

Amount16:28 today24 hours ago24h change
0.5 DAI$0.5000$0.5000
+0.01%
1 DAI$1.0000$0.9999
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$50
+0.01%
100 DAI$100$99.99
+0.01%
500 DAI$499.99$499.96
+0.01%
1000 DAI$999.99$999.92
+0.01%

Today vs. 1 month ago

Amount16:28 today1 month ago1M change
0.5 DAI$0.5000$0.5000
+0.00%
1 DAI$1.0000$1.0000
+0.00%
5 DAI$5$5
+0.00%
10 DAI$10$10
+0.00%
50 DAI$50$50
+0.00%
100 DAI$100$100
+0.00%
500 DAI$499.99$499.99
+0.00%
1000 DAI$999.99$999.97
+0.00%

Today vs. 1 year ago

Amount16:28 today1 year ago1Y change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1.0000$0.9998
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100$99.98
+0.02%
500 DAI$499.99$499.88
+0.02%
1000 DAI$999.99$999.76
+0.02%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.