Economic Performance: Stronger Argentine economic growth typically strengthens the ARS.

Interest Rates: Higher Argentine interest rates can attract foreign investment, increasing ARS demand.

Inflation: High inflation weakens the ARS as its purchasing power declines.

Political Stability: Political uncertainty and instability can weaken the ARS.

Global Risk Sentiment: Risk-averse sentiment often leads investors to sell ARS for safer currencies.

Trade Balance: A trade surplus (exports exceeding imports) generally supports the ARS.

Central Bank Intervention: The Central Bank of Argentina can intervene in the forex market to influence the ARS exchange rate.

Commodity Prices: Argentina's export revenue from commodities like soy impacts ARS.

US Dollar Strength: A strong US dollar often puts downward pressure on the ARS.

Capital Flows: Significant capital outflows from Argentina can weaken the ARS.