ARS/PHP: what to know
The ARS/PHP rate shows how much PHP you get for 1 ARS. Right now, 1 ARS buys 0.0415 PHP at the mid-market rate. In the other direction, 1 PHP is worth 24.0834 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while PHP responds to overseas remittances and trade flows.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule.
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.