About this pair
ARS/USD: what to know
The ARS/USD rate shows how much USD you get for 1 ARS. Right now, 1 ARS buys 0.000662600 USD at the mid-market rate. In the other direction, 1 USD is worth 1,509.21 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while USD responds to Fed policy, US growth and global risk appetite.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.