ILS/ARS: what to know
The ILS/ARS rate shows how much ARS you get for 1 ILS. Right now, 1 ILS buys 498.2259 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.00200712 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while ARS responds to high inflation and economic policy.
The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible. 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.