About this pair
CNY/ARS: what to know
The CNY/ARS rate shows how much ARS you get for 1 CNY. Right now, 1 CNY buys 224.9759 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.00444492 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while ARS responds to high inflation and economic policy.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.