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🚨 THE ARGENTINE PESO HAS LOST 99.66% OF ITS VALUE SINCE 2013
This is the entire Argentine peso story in one chart.
Steady bleed for years, a brief green bounce in the middle that fooled almost nobody, then a cliff. The peso now trades near $0.00067 against the dollar, down from $0.019 at the start of this chart alone.
Zoom out further and it's down 99.66% since 2013. $10,000 in 2013 pesos buys $34 today.
Currencies don't usually die in one crash. They die exactly like this, a long slope that occasionally interrupts itself just long enough to convince people it's over.