About this pair
KRW/ARS: what to know
The KRW/ARS rate shows how much ARS you get for 1 KRW. Right now, 1 KRW buys 1.1249 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.8889 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while ARS responds to high inflation and economic policy.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. 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.