ARS/UAH: what to know
The ARS/UAH rate shows how much UAH you get for 1 ARS. Right now, 1 ARS buys 0.0294 UAH at the mid-market rate. In the other direction, 1 UAH is worth 33.9590 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while UAH responds to the economic situation and international support.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Ukrainian Hryvnia (UAH) is issued by National Bank of Ukraine. The name “hryvnia” comes from a medieval silver weight unit used in Kievan Rus.
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.