About this pair
EUR/ARS: what to know
The EUR/ARS rate shows how much ARS you get for 1 EUR. Right now, 1 EUR buys 1,716.31 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.000583 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while ARS responds to high inflation and economic policy.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.