About this pair
USD/ARS: what to know
The USD/ARS rate shows how much ARS you get for 1 USD. Right now, 1 USD buys 1,511.03 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.000661800 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while ARS responds to high inflation and economic policy.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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.