About this pair
ARS/CAD: what to know
The ARS/CAD rate shows how much CAD you get for 1 ARS. Right now, 1 ARS buys 0.000917989 CAD at the mid-market rate. In the other direction, 1 CAD is worth 1,089.34 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while CAD responds to oil prices and the US economy.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.