ARS/NZD: what to know
The ARS/NZD rate shows how much NZD you get for 1 ARS. Right now, 1 ARS buys 0.00113878 NZD at the mid-market rate. In the other direction, 1 NZD is worth 878.1295 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.