About this pair
ARS/RUB: what to know
The ARS/RUB rate shows how much RUB you get for 1 ARS. Right now, 1 ARS buys 0.0558 RUB at the mid-market rate. In the other direction, 1 RUB is worth 17.9137 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while RUB responds to oil and gas prices and sanctions.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.