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Maker to Argentine Peso Converter and calculator

Convert 1Maker (MKR) to Argentine Peso (ARS) equals $ 2,692,872.94 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Argentine Peso(ARS). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 2,692,872.94 ARS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Maker currency pair is the MKR to ARS, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

MKR to ARS conversion rate trend

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In the past 1D, Maker has changed +2.41% to ARS. Based on the trend and price charts, Maker(MKR) has changed +2.41% to ARS while Argentine Peso(ARS) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$2,702,194.05
0.0001% / 0.0004%vip-iconVIP
Binance
$2,701,680.68
0.1000% / 0.1000%
Yes
OKX
$2,700,549.54
0.080% / 0.100%
Yes
Huobi
$2,700,349.42
0.1000% / 0.1000%
Yes
Gate.io
$2,697,399.76
0.1000% / 0.1000%
Yes
Bybit
$2,703,507.91
0.1000% / 0.1000%
Yes
KuCoin
$2,701,115.11
0.1000% / 0.1000%
Yes
Bitfinex
$2,700,027.48
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 06:00:33(UTC+0)

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

Maker to Argentine Peso is rising this week.
Maker's current market price is $ 2,692,872.94 per MKR, with a total market cap of $ 2,490,146,022,915.51 ARS based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -19.13% ($ -17,624,267,945.04 ARS) in the last 24 hours. Last trading day, MKR's trading volume was $ 92,135,691,817.67.
Market cap
$2.86B
24h volume
$85.63M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at $ 2,692,872.94 ARS , which means buying 5 MKR will cost $ 13,464,364.71 ARS . Similarly, $1 ARS can be traded for 0.{6}3714 MKR, and $50 ARS can be converted to 0.{4}1857 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Argentine Peso has changed by +6.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.41%, reaching a high of 2,747,435.41 ARS and a low of 2,600,767.21 ARS . One month ago, the value of 1 MKR was $ 2,847,302.05 ARS , which represents a -5.43% change from its current value. Over the last year, Maker has changed by
+$
347,418.47ARS
, resulting in a change of +347.22% in its value.

MKR to ARS

Amount
06:02 am today
0.5 MKR
$1,346,436.47
1 MKR
$2,692,872.94
5 MKR
$13,464,364.71
10 MKR
$26,928,729.42
50 MKR
$134,643,647.12
100 MKR
$269,287,294.24
500 MKR
$1,346,436,471.22
1000 MKR
$2,692,872,942.44

ARS to MKR

Amount06:02 am today
0.5ARS0.{6}1857  MKR
1ARS0.{6}3714  MKR
5ARS0.{5}1857  MKR
10ARS0.{5}3714  MKR
50ARS0.{4}1857  MKR
100ARS0.{4}3714  MKR
500ARS0.0001857  MKR
1000ARS0.0003714  MKR
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Today vs. 24 hours ago

Amount06:02 am today24 hours ago24h change
0.5 MKR$1,547.44$1,511.02
+2.41%
1 MKR$3,094.88$3,022.05
+2.41%
5 MKR$15,474.39$15,110.23
+2.41%
10 MKR$30,948.77$30,220.46
+2.41%
50 MKR$154,743.87$151,102.3
+2.41%
100 MKR$309,487.74$302,204.61
+2.41%
500 MKR$1,547,438.7$1,511,023.05
+2.41%
1000 MKR$3,094,877.4$3,022,046.1
+2.41%

Today vs. 1 month ago

Amount06:02 am today1 month ago1M change
0.5 MKR$1,547.44$1,636.18
-5.43%
1 MKR$3,094.88$3,272.36
-5.43%
5 MKR$15,474.39$16,361.8
-5.43%
10 MKR$30,948.77$32,723.6
-5.43%
50 MKR$154,743.87$163,618.02
-5.43%
100 MKR$309,487.74$327,236.04
-5.43%
500 MKR$1,547,438.7$1,636,180.2
-5.43%
1000 MKR$3,094,877.4$3,272,360.4
-5.43%

Today vs. 1 year ago

Amount06:02 am today1 year ago1Y change
0.5 MKR$1,547.44$347.8
+347.22%
1 MKR$3,094.88$695.59
+347.22%
5 MKR$15,474.39$3,477.97
+347.22%
10 MKR$30,948.77$6,955.95
+347.22%
50 MKR$154,743.87$34,779.74
+347.22%
100 MKR$309,487.74$69,559.47
+347.22%
500 MKR$1,547,438.7$347,797.35
+347.22%
1000 MKR$3,094,877.4$695,594.7
+347.22%

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.