About this pair
ARS/EUR: what to know
The ARS/EUR rate shows how much EUR you get for 1 ARS. Right now, 1 ARS buys 0.000583 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1,714.55 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while EUR responds to ECB policy and eurozone growth.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.