About this pair
MXN/ARS: what to know
The MXN/ARS rate shows how much ARS you get for 1 MXN. Right now, 1 MXN buys 88.9278 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0112 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while ARS responds to high inflation and economic policy.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. 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.