ARS (Argentinian Nuevo peso)

AAA

DEFINITION of 'ARS (Argentinian Nuevo peso)'

The currency abbreviation, or currency symbol, for the Argentinian Nuevo peso (ARS), the currency for Argentina. The Argentinian Nuevo peso is made up of 100 centavos and is often presented with the symbol "$," or sometimes "N$". The Argentinian Nuevo peso uses the same currency symbol as the U.S. so to avoid confusion Argentinians use US$ or U$A when referring to the U.S. dollar.

INVESTOPEDIA EXPLAINS 'ARS (Argentinian Nuevo peso)'

The Argentinian Nuevo peso was first seen in 1992 when it replaced the austral at a conversion of 1 peso to 10,000 australes. Other names for the currency include peso convertible, and nuevo peso convertible. The Argentinian Nuevo peso was pegged to the U.S. dollar at 1 peso to one dollar form 1992 to 2001. In 2002 the peso floated and devalued about 75% which helped increase competitiveness in exports.

RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper ...
  2. Forex - FX

    The market in which currencies are traded. The forex market is ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  4. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. Commodity Prices And Currency Movements
    Forex Education

    Commodity Prices And Currency Movements

  4. How are international exchange rates ...
    Forex

    How are international exchange rates ...

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center