About this pair
ARS/COP: what to know
The ARS/COP rate shows how much COP you get for 1 ARS. Right now, 1 ARS buys 2.0432 COP at the mid-market rate. In the other direction, 1 COP is worth 0.4894 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while COP responds to oil and commodity prices.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez.
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.