XAG/ARS: what to know
The XAG/ARS rate shows how much ARS you get for 1 XAG. Right now, 1 XAG buys 97,423.33 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0000102645 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while ARS responds to high inflation and economic policy.
“XAG” uses silver’s Latin symbol Ag (argentum). The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.