4.03 is one percent of 403....i believe that's how the devaluation measurement would be calculated (not to be confused with the thousands-percent inflation metric). The peso of the 4.03 times has exactly 99% less purchasing power today.
PS...did, it closed at 408..so it lost 99 and a little...
Today, April 17, 2023, marks the day that yours truly has seen a 99% percent drop in the value of the peso's fx rate (for the masses) with USD, from 4.03:1 to 403:1 . Cool to have converted at both rates (sheds a tear, awaits the Tshirt).
Even the dollar took about 90 years to achieve this feat...
Hello. My US cell provider will be sending me a replacement cell phone next week. Does anyone know if I will have to pay import taxes on the phone? I have AT$T service plan and pay $10 extra monthly for the all South America plan. Unlimited data, text, and calls. Helps me out living in BA and...