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OMG Network to Argentine Peso Converter and calculator

Convert 1OMG Network (OMG) to Argentine Peso (ARS) equals $ 314.76 | 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 OMG Network(OMG) to Argentine Peso(ARS). This is the real-time data. The current conversion shows 1 OMG at a value of 1 OMG for 314.76 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 OMG Network currency pair is the OMG to ARS, with for OMG Network's currency code being OMG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

OMG to ARS conversion rate trend

1D7D1M3M1YAll
In the past 1D, OMG Network has changed +1.89% to ARS. Based on the trend and price charts, OMG Network(OMG) has changed +1.89% to ARS while Argentine Peso(ARS) has changed % to OMG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$314.64
0.0200% / 0.0320%vip-iconVIP 7
Binance
$349.3
0.1000% / 0.1000%
Yes
OKX
$314.64
0.080% / 0.100%
Yes
Huobi
$314.64
0.1000% / 0.1000%
Yes
Gate.io
$314.19
0.1000% / 0.1000%
Yes
Bybit
$315.55
0.1000% / 0.1000%
Yes
KuCoin
$313.82
0.1000% / 0.1000%
Yes
Last updated 2024/07/01 16:00:20(UTC+0)

How to buy OMG Network

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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy OMG Network (OMG)
Use a variety of payment options to buy OMG Network on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of OMG with ARS. However, you can buy USDT in Bitget P2P trading first, and then buy OMG with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
B
BibitoonsGolden merchantVerified Merchant
346 tradesCompletion rate 99.00%
1280 ARS
Amount151 USDT
Limit38400 - 64000 ARS
MercadopagoLemon
Buy
a
agrodolarVerified Merchant
5 tradesCompletion rate 100.00%
1386 ARS
Amount327.33 USDT
Limit200000 - 500000 ARS
Bank Transfer
Buy
V
Vale_arianaVerified Merchant
124 tradesCompletion rate 99.00%
1386.98 ARS
Amount5.1 USDT
Limit7073 - 7073 ARS
Banco BrubankUalaBanco del solLemonNaranja X
Buy
J
Jonathan22Verified Merchant
126 tradesCompletion rate 98.00%
1388.9 ARS
Amount22.45 USDT
Limit1400 - 46180 ARS
MercadopagoBanco BrubankUalaBanco del solLemon
Buy
A
AguscazaGolden merchantVerified Merchant
67 tradesCompletion rate 97.00%
1388.99 ARS
Amount210.54 USDT
Limit10000 - 150000 ARS
MercadopagoBanco BrubankUalaBanco del solNaranja X
Buy

Sell OMG (or USDT) for ARS (Argentine Peso) offers

Bitget P2P trading currently does not support direct selling of OMG to ARS. However, you can first exchange OMG for USDT in the Bitget spot market, and then sell USDT to ARS in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
B
BossTradingHVerified Merchant
701 tradesCompletion rate 98.00%
1379.01 ARS
Amount2000 USDT
Limit5000 - 1167420 ARS
BBVABanco BrubankUalaBanco del solOpenbankLemonNaranja X
Sell
S
SolJaraGolden merchantVerified Merchant
794 tradesCompletion rate 99.00%
1379.01 ARS
Amount240 USDT
Limit10000 - 280000 ARS
Bank TransferMercadopagoBBVABanco del solSantanderLemonNaranja XArgentine Bank Transfer
Sell
A
AguscazaGolden merchantVerified Merchant
67 tradesCompletion rate 97.00%
1379.01 ARS
Amount200 USDT
Limit10000 - 250000 ARS
MercadopagoBanco BrubankUalaRebaBanco del solOpenbankLemonNaranja X
Sell
A
Atencion_RapidaVerified Merchant
151 tradesCompletion rate 98.00%
1379 ARS
Amount29883.75 USDT
Limit50000 - 800000 ARS
Bank TransferMercadopagoBBVABanco BrubankUalaRebaSantanderLemonNaranja XArgentine Bank Transfer
Sell
B
BGUSER-QA3HN51HVerified Merchant
18 tradesCompletion rate 95.00%
1378 ARS
Amount25 USDT
Limit1400 - 34450 ARS
MercadopagoUala
Sell

What factors influence the conversion rate of OMG Network to Argentine Peso?

OMG Network to Argentine Peso is rising this week.
OMG Network's current market price is $ 314.76 per OMG, with a total market cap of $ 44,143,730,724.37 ARS based on a circulating supply of 140,245,390 OMG. The trading volume of OMG Network has changed by +0.21% ($ 18,567,793.86 ARS) in the last 24 hours. Last trading day, OMG's trading volume was $ 8,684,655,688.34.
Market cap
$48.40M
24h volume
$9.54M
Circulating supply
140.25M OMG

Conversion tables

The exchange rate of OMG Network is decreasing.
1 OMG is currently valued at $ 314.76 ARS , which means buying 5 OMG will cost $ 1,573.8 ARS . Similarly, $1 ARS can be traded for 0.003177 OMG, and $50 ARS can be converted to 0.1589 OMG, excluding any platform or gas fees.
The exchange rate of 1 OMG to Argentine Peso has changed by +7.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.89%, reaching a high of 318.56 ARS and a low of 305.95 ARS . One month ago, the value of 1 OMG was $ 644.68 ARS , which represents a -51.18% change from its current value. Over the last year, OMG Network has changed by
-$
285ARS
, resulting in a change of -47.52% in its value.

OMG to ARS

Amount
16:48 today
0.5 OMG
$157.38
1 OMG
$314.76
5 OMG
$1,573.8
10 OMG
$3,147.61
50 OMG
$15,738.03
100 OMG
$31,476.06
500 OMG
$157,380.32
1000 OMG
$314,760.64

ARS to OMG

Amount16:48 today
0.5ARS0.001589  OMG
1ARS0.003177  OMG
5ARS0.01589  OMG
10ARS0.03177  OMG
50ARS0.1589  OMG
100ARS0.3177  OMG
500ARS1.59  OMG
1000ARS3.18  OMG
Buy OMG Network for 1 ARS
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Today vs. 24 hours ago

Amount16:48 today24 hours ago24h change
0.5 OMG$0.1726$0.1694
+1.89%
1 OMG$0.3451$0.3387
+1.89%
5 OMG$1.73$1.69
+1.89%
10 OMG$3.45$3.39
+1.89%
50 OMG$17.26$16.94
+1.89%
100 OMG$34.51$33.87
+1.89%
500 OMG$172.57$169.36
+1.89%
1000 OMG$345.13$338.73
+1.89%

Today vs. 1 month ago

Amount16:48 today1 month ago1M change
0.5 OMG$0.1726$0.3534
-51.18%
1 OMG$0.3451$0.7069
-51.18%
5 OMG$1.73$3.53
-51.18%
10 OMG$3.45$7.07
-51.18%
50 OMG$17.26$35.34
-51.18%
100 OMG$34.51$70.69
-51.18%
500 OMG$172.57$353.44
-51.18%
1000 OMG$345.13$706.88
-51.18%
Buy OMG Network for 1 ARS
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount16:48 today1 year ago1Y change
0.5 OMG$0.1726$0.3288
-47.52%
1 OMG$0.3451$0.6576
-47.52%
5 OMG$1.73$3.29
-47.52%
10 OMG$3.45$6.58
-47.52%
50 OMG$17.26$32.88
-47.52%
100 OMG$34.51$65.76
-47.52%
500 OMG$172.57$328.81
-47.52%
1000 OMG$345.13$657.63
-47.52%

OMG Network price prediction

What will the price of OMG be in 2025?

Based on OMG's historical price performance prediction model, the price of OMG is projected to reach $0.6326 in 2025.

What will the price of OMG be in 2030?

In 2030, the OMG price is expected to rise by -19.00%. By the end of 2030, the OMG price is projected to reach $0.7761, with a cumulative ROI of +124.88%.
Buy OMG Network for 1 ARS
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Buy OMG Network for 1 ARS
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy OMG Network for 1 ARS
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OMG Network now

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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 OMG Network 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 OMG Network 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 OMG Network 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.

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