About this pair
IDR/ARS: what to know
The IDR/ARS rate shows how much ARS you get for 1 IDR. Right now, 1 IDR buys 0.0862 ARS at the mid-market rate. In the other direction, 1 ARS is worth 11.6053 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while ARS responds to high inflation and economic policy.
The Indonesian Rupiah (IDR) is issued by Bank Indonesia. The rupiah has some of the world’s highest denominations — notes go up to 100,000. 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.