TRY/ARS: what to know
The TRY/ARS rate shows how much ARS you get for 1 TRY. Right now, 1 TRY buys 31.3095 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0319 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while ARS responds to high inflation and economic policy.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. 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.