ISK/ARS: what to know
The ISK/ARS rate shows how much ARS you get for 1 ISK. Right now, 1 ISK buys 12.5524 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0797 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while ARS responds to high inflation and economic policy.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. 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.