CLP/ARS: what to know
The CLP/ARS rate shows how much ARS you get for 1 CLP. Right now, 1 CLP buys 1.6017 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.6243 CLP.
In the short term CLP is driven mainly by the price of copper, while ARS responds to high inflation and economic policy.
The Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos. 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.