ARS/ILS: what to know
The ARS/ILS rate shows how much ILS you get for 1 ARS. Right now, 1 ARS buys 0.00200841 ILS at the mid-market rate. In the other direction, 1 ILS is worth 497.9060 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while ILS responds to the tech sector and geopolitics.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible.
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.