RON/ARS: what to know
The RON/ARS rate shows how much ARS you get for 1 RON. Right now, 1 RON buys 333.5760 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.00299782 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while ARS responds to high inflation and economic policy.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.