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Super peso: the Argentine currency is the one that was most valued in what goes on of the year

Summary by Clarin
In October 2023 Javier Milei said the weight was "excrement." However, it rose 40% in real terms and surpassed the Turkish lira.

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In October 2023 Javier Milei said the weight was "excrement." However, it rose 40% in real terms and surpassed the Turkish lira.

·Buenos Aires, Argentina
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The Argentine peso has been the currency that was most appreciated in 2024, with an increase of 40.1% compared to the dollar, according to a report by GMA Capital based on estimates by the Bank for International Settlements (BIS). This data places the peso as a global leader in terms of monetary revaluation, standing out above other currencies such as the Turkish lira, which grew by 16.5%. This phenomenon is due to the current exchange rate sche…

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Between December 2023 and October of this year, the Argentine peso revalued 40.1% in real terms, positioning itself as the currency with the highest global appreciation, according to a report based on data from the Bank for International Settlements (BIS). This performance far exceeds that of the Turkish lira (16.5%), the Malaysian ringgit (8.5%) and the South African rand (8.1%), while the Brazilian real, currency of a key partner for Argentina…

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Despite having grown 40.1%, for the GMA consultant this does not generate a change tension, as other market analysts assume.

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It is revalued by 40.1% in real terms between December 2023 and October of this year.

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The Argentine peso led the world ranking of monetary appreciation in 2024. The revaluation of the currency against the dollar was 40.1% in real terms. The data comes from a GMA Capital report based on the estimates of the Bank for International Settlements (BIS) for the period December 2023 and October last. ... Read more The entry The peso was the currency that was most valued this year all over the world was first published in #BorderJournalis…

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diariopanorama.com broke the news in on Tuesday, December 3, 2024.
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