About this pair
ARS/MXN: what to know
The ARS/MXN rate shows how much MXN you get for 1 ARS. Right now, 1 ARS buys 0.0112 MXN at the mid-market rate. In the other direction, 1 MXN is worth 88.9278 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while MXN responds to the US economy and capital flows.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
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.