About this pair
NOK/ARS: what to know
The NOK/ARS rate shows how much ARS you get for 1 NOK. Right now, 1 NOK buys 162.7152 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.00614571 NOK.
In the short term NOK is driven mainly by oil and gas prices, while ARS responds to high inflation and economic policy.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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.