About this pair
COP/ARS: what to know
The COP/ARS rate shows how much ARS you get for 1 COP. Right now, 1 COP buys 0.4894 ARS at the mid-market rate. In the other direction, 1 ARS is worth 2.0432 COP.
In the short term COP is driven mainly by oil and commodity prices, while ARS responds to high inflation and economic policy.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. 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.