PM Modi's Visit to Argentina: Currency Exchange and Trade Insights

Prime Minister Narendra Modi's recent visit to Argentina marks a significant step in strengthening bilateral relations. This article delves into the current currency exchange rates, revealing that 1,000 Indian Rupees equals approximately 14,520.25 Argentine Pesos. It also highlights the historical context of this visit, being the first by an Indian Prime Minister since 1968, and discusses the evolving trade dynamics between the two nations, which have seen fluctuations due to various economic factors. Discover more about the implications of this visit for both countries.

By Narendra Chaudhary Jul 5, 2025, 18:00 IST

PM Modi Arrives in Argentina

Prime Minister Narendra Modi has reached Argentina, marking the third stop on his five-nation tour. Following his visit to Trinidad and Tobago, he was warmly welcomed by the Indian community in Buenos Aires at the Alvear Palace, where traditional customs were observed. This trip is significant for enhancing bilateral trade between India and Argentina. But do you know the current status of the currency in Argentina? How much is 1,000 Indian Rupees worth in Argentine Pesos?

Argentina's Currency and Historical Context

Argentina, located in South America, is hosting an Indian Prime Minister for the first time since 1968, when former Prime Minister Indira Gandhi visited. The country is crucial for India in terms of trade, with bilateral trade surpassing $2 billion this year. The local currency is the Argentine Peso.

Currency Exchange Rate

The current value of 1 Argentine Peso is approximately 0.069 Indian Rupees, indicating that the Indian Rupee holds more value than the Peso. Therefore, 1,000 Indian Rupees equate to about 14,520.25 Argentine Pesos.

Trade Relations Between India and Argentina

According to data from the Ministry of External Affairs, bilateral trade between India and Argentina more than doubled from 2019 to 2022, peaking at $6.4 billion in 2022. India was the fourth-largest trading partner of Argentina during 2021 and 2022. Argentina primarily supplies food oils, especially soybean oil, to India. However, due to severe drought conditions in Argentina in 2023, bilateral trade saw a decline of 39%, dropping to $3.9 billion.

With the new government in 2024, improved weather conditions and a stable economy have led to a resurgence in trade, which increased by 33% to reach $5.2 billion. In the early months of 2025, bilateral trade recorded a remarkable growth of 53.9%, valued at $2,055.14 million. India continues to be Argentina's fourth-largest trading partner and export destination.