About this pair
ZAR/ARS: what to know
The ZAR/ARS rate shows how much ARS you get for 1 ZAR. Right now, 1 ZAR buys 94.2248 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0106 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while ARS responds to high inflation and economic policy.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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.