About this pair
ARS/CNY: what to know
The ARS/CNY rate shows how much CNY you get for 1 ARS. Right now, 1 ARS buys 0.00444492 CNY at the mid-market rate. In the other direction, 1 CNY is worth 224.9759 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while CNY responds to PBoC decisions and Chinese growth.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
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.