About this pair
JPY/ARS: what to know
The JPY/ARS rate shows how much ARS you get for 1 JPY. Right now, 1 JPY buys 9.3672 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.1068 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while ARS responds to high inflation and economic policy.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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.