ARS/RON: what to know
The ARS/RON rate shows how much RON you get for 1 ARS. Right now, 1 ARS buys 0.00300144 RON at the mid-market rate. In the other direction, 1 RON is worth 333.1733 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while RON responds to regional sentiment and euro moves.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.