UYU to ARS
Currency conversion rates from UYU to ARS
|1 UYU||1 ARS|
|5 UYU||5 ARS|
|10 UYU||10 ARS|
|20 UYU||20 ARS|
|50 UYU||50 ARS|
|100 UYU||100 ARS|
|250 UYU||250 ARS|
|500 UYU||500 ARS|
|1000 UYU||1000 ARS|
|2000 UYU||2000 ARS|
|5000 UYU||5000 ARS|
|10000 UYU||10000 ARS|
|1 ARS||1 UYU|
|5 ARS||5 UYU|
|10 ARS||10 UYU|
|20 ARS||20 UYU|
|50 ARS||50 UYU|
|100 ARS||100 UYU|
|250 ARS||250 UYU|
|500 ARS||500 UYU|
|1000 ARS||1000 UYU|
|2000 ARS||2000 UYU|
|5000 ARS||5000 UYU|
|10000 ARS||10000 UYU|
ARS - Argentine Peso ($)
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.
The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.
- Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
- From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
- From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
- From 1983 to 1991, the Peso was replaced by the previous currencies.
- In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
- After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.
- Argentina’s economy is rated as a higher middle economy.
- The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
- During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
- The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
- Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
- Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.
UYU - Uruguayan Peso ($U)
The Uruguayan Peso is the official currency of Uruguay. The name has been in use since the European settlement. The present currency was adopted in 1993 and is subdivided into 100 centésimos.
The Uruguayan peso is the currency in Uruguay (UY, URY). The symbol for UYU can be written $U. The Uruguayan peso is divided into 100 centesimos. The exchange rate for the Uruguayan peso was last updated on May 22, 2019 from The International Monetary Fund. The UYU conversion factor has 6 significant digits.
- The economy of Uruguay is characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending.
- In 1603, cattle were introduced in Uruguay before its independence by Hernando Arias de Saveedra, the Spanish Governor of Buenos Aires. In 2006, beef accounted for about 37% of Uruguayan exports.
- Wool is a traditional product exported mainly to America, followed by the UK and India.
- Conaprole, the National Cooperative of Milk Producers, was the main exporter of dairy products in Latin America in 2006.
- Fine varieties of rice are produced in the eastern lowlands, close to Merin lake on the Uruguay-Brazil border.
- In 1828, Uruguay's currency was based on the silver Peso of eight reales, commonly known as the Patacon, and the gold onza de oro, valued at 16 pesos silver. A large quantity of debased copper coin also circulated.
- In October, 1828, lacking the means to implement a national coinage, Gen. Jose Rondeau’s provisional government permitted foreign silver and gold coin to circulate freely at their intrinsic value, but restricted and later (1829) prohibited the importing of copper coins and the circulation of Buenos Aires banknotes.
- A key characteristic of the currency is its instability, which increased in the spring of 2002.
- Uruguayans have become accustomed to the constant devaluation and instability of their currency, and have developed a fitting lingo – calling periods of Dollar appreciation atraso cambiario ("the exchange rate is running late").