USD/ARS: Value Drop of Argentine Peso Nears Epic Proportions
Argentine peso (ARS) to EUR - current and historical rate
ARS - Argentine Peso rates, news, and tools
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[Secret--everything about China's FOREX reserves is a state secret, but consider everyone as knowing vaguely the contents of this document as people IRL know about China's FOREX reserves] With there being a desperate need for the yuan to be devalued, and the dollar falling to new lows, China is in a somewhat odd situation. Domestic efforts are already underway to buy [dollar-denominated] oil and support inflation; but foreign efforts are also needed. And no, we aren't dumping US treasuries. That would be very dumb to do right now. China's foreign exchange reserves are some of the largest in the world, and we intend to make them larger. The new target is $5 trillion [up from $4 trillion currently [M: I'm assuming organic growth from the $3.15 trillion]]. This will help drop the value of the yuan and raise the value of other currencies, improving our export situation. The question then follows, however--what is it that we are going to buy? $500 billion--half of the new accumulation--is going to go into gold. No, we haven't turned into goldbugs all of a sudden. It's that holding other currencies has distinct disadvantages, and buying gold ensures that we have a solid backstop if the other major currencies in our portfolio--particularly the dollar--devalue. This should also force down the yuan in foreign exchange. The rest of it will be split in half. $250 billion will go into Euros. $100 billion will go into Yen; $50 billion will go into pounds, and the remaining $100 billion will be split up in a basket of emerging currencies from countries without major commodity exports--for instance the Argentine peso and Bangledashi Takra--which should both diversify risk [though these currencies will still represent a tiny portion of our basket] and strengthen the currencies of emerging markets that could potentially compete with our vast economy. This program has no defined end date but is expected to take place over the next several years, with purchases being reduced or increased to help meet the new 4% inflation target.
I've been looking around for brokers that support a USD/ARS currency pair to buy as the Argentine peso suffers from heavy inflation yet again. Their government has imposed strict controls on foreign exchanges, so I've yet to find a broker offering such a pair. Anyone know of any Forex brokers that offer such a pair, or better yet, any interesting strategies to profit as the Argentine peso loses value?
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Exchange rate for Argentine Peso (ARS) to all other currencies Reverse: As of Aug 18, 2020, 1 Argentine Peso (ARS) = AUD: Australian Dollar: Exchange rate from Argentine Peso to Australian Dollar: ARS to AUD: 0.018935: CAD: Canadian Dollar: Exchange rate from Argentine Peso to Canadian Dollar: ARS to CAD: 0.018038: CHF: Swiss Franc Argentine peso (ARS) See both the current exchange rate for Argentine peso (ARS) and the currency's historical development over time against the Swedish krona. You can choose your own time span in the graph from 2012 to today's date. We also list the countries where Argentine peso (ARS) is primarily used currency. The Argentine Peso is the currency of Argentina. Our currency rankings show that the most popular Argentina Peso exchange rate is the USD to ARS rate. The currency code for Pesos is ARS, and the currency symbol is $. Below, you'll find Argentine Peso rates and a currency converter. Argentine peso (ARS) See both the current exchange rate for Argentine peso (ARS) and the currency's historical development over time against the Euro. You can choose your own time span in the graph from 2012 to today's date. We also list the countries where Argentine peso (ARS) is primarily used currency. Argentine Peso (ARS) Forex Price Quotes. The Forex Metals Rates page contains cross-rates for different precious metals. The Forex Metals Rates page is updated throughout the trading day with new price information, as indicated by a "flash" on the fields with new data. Forex prices are delayed 10 minutes, per exchange rules, and trade times are listed in CST. Note: Hours for a Forex trading ... The Argentine government faces difficult choices ahead and it may be considering a massive devaluation to the Argentina Peso which would turn the forex market upside down. However, speculator should continue to pursue upside momentum when they have the opportunity to buy the USD/ARS. Forex / ARS / UYU. 336 ARS to UYU exchange rate Nov, 2020 The peso (established as the peso convertible) is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos. Its ISO 4217 code is ARS. Several earlier currencies of Argentina were also called "peso"; as inflation progressed a ...
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