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Hermes Protocol to Argentine Peso Converter and calculator

Convert 1Hermes Protocol (HERMES) to Argentine Peso (ARS) equals $ 5.99 | 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 Hermes Protocol(HERMES) to Argentine Peso(ARS). This is the real-time data. The current conversion shows 1 HERMES at a value of 1 HERMES for 5.99 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 Hermes Protocol currency pair is the HERMES to ARS, with for Hermes Protocol's currency code being HERMES. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

HERMES to ARS conversion rate trend

1D7D1M3M1YAll
In the past 1D, Hermes Protocol has changed -5.06% to ARS. Based on the trend and price charts, Hermes Protocol(HERMES) has changed -5.06% to ARS while Argentine Peso(ARS) has changed % to HERMES in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$6.05
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:32:59(UTC+0)

How to buy Hermes Protocol

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Hermes Protocol (HERMES)
Use a variety of payment options to buy Hermes Protocol on Bitget. We'll show you how.

Buy HERMES (or USDT) for ARS (Argentine Peso) offers

Bitget P2P trading does not currently support direct buying of HERMES with ARS. However, you can buy USDT in Bitget P2P trading first, and then buy HERMES with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell HERMES (or USDT) for ARS (Argentine Peso) offers

Bitget P2P trading currently does not support direct selling of HERMES to ARS. However, you can first exchange HERMES for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Hermes Protocol to Argentine Peso?

Hermes Protocol to Argentine Peso is rising this week.
Hermes Protocol's current market price is $ 5.99 per HERMES, with a total market cap of $ 0 ARS based on a circulating supply of -- HERMES. The trading volume of Hermes Protocol has changed by +33.90% ($ 2,895,071.63 ARS) in the last 24 hours. Last trading day, HERMES's trading volume was $ 8,539,958.74.
Market cap
$0
24h volume
$11.23K
Circulating supply
0 HERMES

Conversion tables

The exchange rate of Hermes Protocol is increasing.
1 HERMES is currently valued at $ 5.99 ARS , which means buying 5 HERMES will cost $ 29.93 ARS . Similarly, $1 ARS can be traded for 0.1671 HERMES, and $50 ARS can be converted to 8.35 HERMES, excluding any platform or gas fees.
The exchange rate of 1 HERMES to Argentine Peso has changed by +2321.36% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.06%, reaching a high of 6.61 ARS and a low of 3.65 ARS . One month ago, the value of 1 HERMES was $ 0.06511 ARS , which represents a +9091.69% change from its current value. Over the last year, Hermes Protocol has changed by
-$
30.83ARS
, resulting in a change of -83.74% in its value.

HERMES to ARS

Amount
02:49 am today
0.5 HERMES
$2.99
1 HERMES
$5.99
5 HERMES
$29.93
10 HERMES
$59.85
50 HERMES
$299.26
100 HERMES
$598.51
500 HERMES
$2,992.57
1000 HERMES
$5,985.14

ARS to HERMES

Amount02:49 am today
0.5ARS0.08354  HERMES
1ARS0.1671  HERMES
5ARS0.8354  HERMES
10ARS1.67  HERMES
50ARS8.35  HERMES
100ARS16.71  HERMES
500ARS83.54  HERMES
1000ARS167.08  HERMES

Today vs. 24 hours ago

Amount02:49 am today24 hours ago24h change
0.5 HERMES$0.002939$0.003096
-5.06%
1 HERMES$0.005878$0.006191
-5.06%
5 HERMES$0.02939$0.03096
-5.06%
10 HERMES$0.05878$0.06191
-5.06%
50 HERMES$0.2939$0.3096
-5.06%
100 HERMES$0.5878$0.6191
-5.06%
500 HERMES$2.94$3.1
-5.06%
1000 HERMES$5.88$6.19
-5.06%

Today vs. 1 month ago

Amount02:49 am today1 month ago1M change
0.5 HERMES$0.002939$0.{4}3197
+9091.69%
1 HERMES$0.005878$0.{4}6395
+9091.69%
5 HERMES$0.02939$0.0003197
+9091.69%
10 HERMES$0.05878$0.0006395
+9091.69%
50 HERMES$0.2939$0.003197
+9091.69%
100 HERMES$0.5878$0.006395
+9091.69%
500 HERMES$2.94$0.03197
+9091.69%
1000 HERMES$5.88$0.06395
+9091.69%

Today vs. 1 year ago

Amount02:49 am today1 year ago1Y change
0.5 HERMES$0.002939$0.01808
-83.74%
1 HERMES$0.005878$0.03615
-83.74%
5 HERMES$0.02939$0.1808
-83.74%
10 HERMES$0.05878$0.3615
-83.74%
50 HERMES$0.2939$1.81
-83.74%
100 HERMES$0.5878$3.62
-83.74%
500 HERMES$2.94$18.08
-83.74%
1000 HERMES$5.88$36.15
-83.74%

Hermes Protocol price prediction

What will the price of HERMES be in 2025?

Based on HERMES's historical price performance prediction model, the price of HERMES is projected to reach $0.01491 in 2025.

What will the price of HERMES be in 2030?

In 2030, the HERMES price is expected to change by +4.00%. By the end of 2030, the HERMES price is projected to reach $0.03269, with a cumulative ROI of +295.91%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Hermes Protocol and ARS.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Hermes Protocol and ARS. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Hermes Protocol in ARS, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.