ARS/TRY: what to know
The ARS/TRY rate shows how much TRY you get for 1 ARS. Right now, 1 ARS buys 0.0319 TRY at the mid-market rate. In the other direction, 1 TRY is worth 31.3095 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while TRY responds to high inflation and central-bank policy.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
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.