Historic Norwegian krone Argentine peso

Norwegian krone argentine peso history for May 2023. The highest quote for this month is 21.621 (10/05/2023) and the lowest 21.835 (11/05/2023). The difference between high and low is -0.99.

NOK ARS average rate for May 2023 is 21.35154, the change between 01/05/2023 and 31/05/2023 is -2.93 %.

01 May 20231 NOK = 20.75 ARS
02 May 20231 NOK = 20.71 ARS
03 May 20231 NOK = 20.79 ARS
04 May 20231 NOK = 20.92 ARS
05 May 20231 NOK = 21.14 ARS
08 May 20231 NOK = 21.40 ARS
09 May 20231 NOK = 21.68 ARS
10 May 20231 NOK = 21.59 ARS
11 May 20231 NOK = 21.77 ARS
12 May 20231 NOK = 21.45 ARS
15 May 20231 NOK = 21.55 ARS
16 May 20231 NOK = 21.77 ARS
17 May 20231 NOK = 21.56 ARS
18 May 20231 NOK = 21.50 ARS
19 May 20231 NOK = 21.27 ARS
20 May 20231 NOK = 21.40 ARS
22 May 20231 NOK = 21.30 ARS
23 May 20231 NOK = 21.49 ARS
24 May 20231 NOK = 21.44 ARS
25 May 20231 NOK = 21.53 ARS
26 May 20231 NOK = 21.33 ARS
29 May 20231 NOK = 21.32 ARS
30 May 20231 NOK = 21.44 ARS
31 May 20231 NOK = 21.36 ARS

14/09/2020: Introduction of Currency Controls

Argentina tightens currency controls to stabilize the peso and prevent capital flight, imposing restrictions on foreign currency purchases and transfers, marking a significant shift in monetary policy.

11/08/2019: Primary Elections and Peso Devaluation

Following the primary elections, uncertainty in the financial markets leads to a significant devaluation of the peso, causing economic turmoil and further exacerbating the country's financial difficulties.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

09/12/2015: Change in Government

Mauricio Macri assumes the presidency, bringing in economic reforms and liberalization policies, impacting the exchange rate and the value of the Argentine peso.

02/12/2001: Economic Crisis and Devaluation

Argentina faces a severe economic crisis, resulting in the devaluation of the peso, leading to a sharp decline in its value and triggering social and political unrest.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

31/03/1991: Introduction of Convertibility Plan

The Convertibility Plan is implemented, fixing the exchange rate between the Argentine peso and the US dollar on a one-to-one basis, as an attempt to control inflation.

06/01/1985: Introduction of Austral as a new currency

The Argentine government replaces the peso with the Austral as the new currency, aiming to stabilize the economy and tackle hyperinflation.

29/01/1983: End of the military dictatorship

After seven years of military rule, democratic elections are held in Argentina, leading to the end of the military dictatorship and the beginning of a period of economic and political transition.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.