 | ARS = Argentine Pesos Exchange rate taken from this website One bitcoin on October 24th 2021 was $6,029,009.00 ARS ($60,893.00 USD) today the cost of one bitcoin is $6,088,862.00 ARS ($27.643.00 USD). $59,853.00 ARS in profit. Current official exchange rate is 1 ARS = 0.0046 USD ($1 USD = $217.4 ARS) The unofficial exchange rate (Blue dollar) is 1 ARS = 0.0023 USD ($1 USD = $434.7 ARS) Blue dollar rate is basically what one USD is worth if you are spending cash in Argentina instead of using a credit card, with this rate if you sold one bitcoin today you would have doubled your Argentine Pesos since October 2021. chart below is the cost of one BTC on January 1st of each year in USD and ARS, you can see how in 2012 you would have paid roughly five times more ARS than USD for one btc, today you would need to pay two hundred and twenty times more ARS than USD for one btc.
you can read more about how Argentina is facing a 100% inflation rate Here if you're interested. [link] [comments] |
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