About this pair
RUB/ARS: what to know
The RUB/ARS rate shows how much ARS you get for 1 RUB. Right now, 1 RUB buys 17.9145 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0558 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while ARS responds to high inflation and economic policy.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.