About this pair
CNH/ARS: what to know
The CNH/ARS rate shows how much ARS you get for 1 CNH. Right now, 1 CNH buys 225.2364 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.00443978 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while ARS responds to high inflation and economic policy.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. 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.