PHP/ARS: what to know
The PHP/ARS rate shows how much ARS you get for 1 PHP. Right now, 1 PHP buys 24.0834 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0415 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while ARS responds to high inflation and economic policy.
The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule. 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.