About this pair
CAD/ARS: what to know
The CAD/ARS rate shows how much ARS you get for 1 CAD. Right now, 1 CAD buys 1,088.02 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.000919099 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while ARS responds to high inflation and economic policy.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations.
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.