ARS/XAG: what to know
The ARS/XAG rate shows how much XAG you get for 1 ARS. Right now, 1 ARS buys 0.0000102753 XAG at the mid-market rate. In the other direction, 1 XAG is worth 97,320.40 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while XAG responds to industrial demand and precious-metal trends.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. “XAG” uses silver’s Latin symbol Ag (argentum).
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.