About this pair
ARS/ZAR: what to know
The ARS/ZAR rate shows how much ZAR you get for 1 ARS. Right now, 1 ARS buys 0.0107 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 93.7250 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while ZAR responds to commodity prices and 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 South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.