About this pair
ARS/KRW: what to know
The ARS/KRW rate shows how much KRW you get for 1 ARS. Right now, 1 ARS buys 0.8879 KRW at the mid-market rate. In the other direction, 1 KRW is worth 1.1263 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while KRW responds to tech exports and global risk appetite.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”.
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.