answersLogoWhite

0

Very much. Aside from being used in two entirely separate countries, they have different exchange rates. The Argentinian peso is pegged to the American dollar at 1 to 1, while the Mexican peso "floats" on the world currency market. As of 03/2009 one U.S. dollar, and hence one Argentinian peso, was equivalent to about 15.2 Mexican pesos.

It's a bit like all those countries that call their currency "dollars". For example, Hong Kong uses bills and coins denominated in dollars but one US$ is equivalent to about 7.8 HK$. The bottom line is that the name may be the same but the value can be very different.
hmmmm, not sure on that actually. I found that the Argentine Peso was unpegged from the USD in around 2002 which caused fairly large scale economic downturn in Argentina. Check www.xe.com for reliable and useful currency exchanges, you can see that the USD is currently equivalent to around 3 argentinian pesos.

User Avatar

Wiki User

15y ago

What else can I help you with?