![]() ![]() In this context, the dynamics of the exchange rate against the dollar on unregulated markets becomes a relevant indicator to fully understand the economic crisis in which the country is involved. In this week's currency focus, we will focus on the case of another country that has been torn apart by the crisis for years now: Argentina. Lack of confidence among citizens in the value of domestic currencyĪ case that we have dealt with several times in recent months is that of the Lebanese Lira 1, whose value on the black market has dramatically collapsed following the default declared in March 2020, while, on regulated markets, the currency remains pegged to the dollar.Strict currency controls that limit the amount of foreign currency available.Weak economic fundamentals, such as a high inflation rate and limited foreign exchange reserve.There are several factors common among countries where black market transactions are operating and proliferating, such as: More properly, we can speak of a third market if the unregulated exchanges involve securities while, in the case in which currencies are traded, we can speak of a black market. ![]() This version is ad-supported.It is well known that there are "free" markets where securities and currencies are traded in parallel with official markets. Let us know if you have any comments or feedback! It's similar in nature to XE currency converter and Currency Converter Plus, but offers a lot more. Optimized for the latest iPhone and iPad models. Find the current exchange rate of what you're converting. Uses 3 decimal places for greater accuracy! Converts as you type (no need for a "Convert" button!) "Switch" button to invert the currencies. Exchange rates are updated automatically - you don't have to do anything! One of the first converters to support BitCoin, LiteCoin and Dogecoin! It supports over 150 different currencies from all around the world, ranging from the US Dollar to the Colombian Peso! It even supports BitCoin, LiteCoin and Dogecoin! If you're travelling, this really is a great app to use - you can find out how much your currency is worth in just a few short moments, even if you aren't connected to the internet! My Currency Converter is the simplest, most beautiful currency converter you'll ever find. ![]()
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