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DRAC to ARS Converter and calculator

DRAC/ARS: 1 DRAC = 0.1579 ARS. The price of converting 1 DRAC Network (DRAC) to Argentine Peso (ARS) is 0.1579 ARS today.
DRAC
DRAC
ARS
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides DRAC to ARS real-time exchange rates, making it easy to convert DRAC Network (DRAC) to Argentine Peso (ARS). The conversion result is based on real-time data. The conversion result shows that 1 DRAC is currently valued at 0.16 ARS. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 DRAC is currently valued at 0.16 ARS, which means buying 5 DRAC would cost 0.79 ARS. Similarly, $1 ARS can be converted to 6.33 DRAC, and $50 ARS can be converted to 31.66 DRAC, excluding any platform or gas fees.

Convert DRAC to ARS

Convert ARS to DRAC

DRAC Network
Argentine Peso
1000 DRAC
157.92  ARS
5000 DRAC
789.61  ARS
10000 DRAC
1,579.22  ARS
In the table above, you'll find a comprehensive DRAC to ARS converter that shows the value of DRAC Network in Argentine Peso across commonly used conversion amounts. The list covers conversions from 1 DRAC to ARS, all the way up to 10000 DRAC, providing a clear view of their respective values.
Argentine Peso
DRAC Network
2000 ARS
12,664.45 DRAC
5000 ARS
31,661.12 DRAC
10000 ARS
63,322.23 DRAC
50000 ARS
316,611.16 DRAC
100000 ARS
633,222.32 DRAC
In the table above, you'll find a comprehensive ARS to DRAC converter that shows the value of Argentine Peso in DRAC Network across commonly used conversion amounts. The list covers conversions from 1 ARS to DRAC, all the way up to 100000 ARS, providing a clear view of their respective values.

DRAC to ARS chart

DRAC/ARS: 1 DRAC = 0.1579 ARS; 2025/04/26 15:59:19
In the past 1D, DRAC Network has changed +3.82% to ARS. Based on the trend and price charts, DRAC Network(DRAC) has changed +3.82% to ARS while Argentine Peso(ARS) has changed % to DRAC in the last 24 hours.
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DRAC to ARS conversion data: Volatility and price changes of DRAC Network in ARS

The highest DRAC Network price in ARS over the past 7 days was 0.1577 ARS while the lowest DRAC Network price in ARS over the past 7 days was 0.1450 ARS. The relative change between the highs and lows in DRAC Network price in ARS over the last 7 days indicates a volatility of %. You can view additional volatility data and DRAC to ARS prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.1577 ARS
0.1577 ARS
0.1726 ARS
0.2349 ARS
Low
0.1519 ARS
0.1450 ARS
0.1299 ARS
0.05580 ARS
Average
0 ARS
0 ARS
0 ARS
0 ARS
Volatility
%
%
%
%
Change
+3.82%
+8.78%
-7.25%
+31.83%

DRAC Network information

DRAC to ARS market statistics

DRAC/ARS:
$0.1579
DRAC 24h volume:
--
DRAC market cap:
--
DRAC circulating supply:
0 DRAC

Current DRAC to ARS exchange rate

DRAC Network to Argentine Peso is rising this week.
DRAC Network's current market price is $0.1579 per DRAC, with a total market cap of $0 ARS based on a circulating supply of -- DRAC. The trading volume of DRAC Network has changed by -100.00% ($-- ARS) in the last 24 hours. Last trading day, DRAC's trading volume was $--.

More info about DRAC Network on Bitget

Argentine Peso 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.

Bitget crypto-to-fiat exchange data shows that the most popular DRAC Network currency pair is the DRAC to ARS, with for DRAC Network's currency code being DRAC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ARS.

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How to convert DRAC to ARS

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Bitget P2P trading does not currently support direct buying of DRAC with ARS. However, you can buy USDT in Bitget P2P trading first, and then buy DRAC with USDT via Bitget spot market.
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DRAC to ARS Conversion tables

The exchange rate of DRAC Network is decreasing.
The exchange rate of 1 DRAC to Argentine Peso has changed by +8.78% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.82%, reaching a high of 0.1577 ARS and a low of 0.1519 ARS . One month ago, the value of 1 DRAC was $0.1702 ARS , which represents a -7.25% change from its current value. Over the last year, DRAC Network has changed by
-$
0.5872ARS
, resulting in a change of -78.83% in its value.
24 hours ago1 month ago1 year ago
Amount15:59 today24 hours ago24h change
0.5 DRAC$0.07896$0.07606
+3.82%
1 DRAC$0.1579$0.1521
+3.82%
5 DRAC$0.7896$0.7606
+3.82%
10 DRAC$1.58$1.52
+3.82%
50 DRAC$7.9$7.61
+3.82%
100 DRAC$15.79$15.21
+3.82%
500 DRAC$78.96$76.06
+3.82%
1000 DRAC$157.92$152.13
+3.82%

DRAC to ARS FAQ

How much is 1 DRAC Network in ARS?
Right now, the price of 1 DRAC Network (DRAC) in Argentine Peso (ARS) is $0.1579.
How much DRAC can I buy for 1 ARS?
Based on the current exchange rate, you can get 6.33 DRAC for 1 ARS.
How do I calculate or convert DRAC to ARS?
You can use our DRAC to ARS calculator at the top of this page to convert any amount of DRAC to ARS. We've also included quick-reference tables for the most popular conversions. For example, 5 ARS is equivalent to 31.66 DRAC, while 5 DRAC will cost around 0.7896ARS.
What is the highest price of DRAC/ARS in history?
The all-time high price of 1 DRAC in ARS is $117.62. It remains to be seen if the value of 1 DRAC/ARS will exceed the current all-time high.
What is the price trend of DRAC Network in ARS?
Over the past 7 days, the exchange rate of DRAC Network (DRAC) has gone up by 8.78%.   Over the last month, the exchange rate of DRAC Network (DRAC) has gone down by 7.25% against Argentine Peso (ARS).

What factors influence the conversion rate of DRAC to ARS?

There are many factors that affect the relationship between DRAC Network and Argentine Peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of DRAC/ARS. When there is positive news in the market about the widespread adoption of DRAC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DRAC/ARS. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DRAC/ARS.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of DRAC/ARS. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of DRAC Network and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.