Overview
- The first trading day closed with Banco Nación’s retail dollar up AR$15 to AR$1,495 and the wholesale rate up AR$20 to AR$1,475, reaching the highest levels in about two months.
- Under the new regime, the floor and ceiling of the managed band update monthly with the latest CPI; January follows November’s 2.5% reading, with the ceiling near AR$1,529 now and projected around AR$1,564 by month‑end.
- Financial dollar quotes moved above the official rate, with MEP near AR$1,505 and CCL around AR$1,541–1,542, while the informal blue stayed broadly unchanged at AR$1,510/1,530.
- The BCRA rolled out a reserve accumulation program but market reports showed no FX purchases on day one, and country risk eased to roughly 556–557 basis points.
- Regional markets were calm, with Mexico’s peso holding below 18 per dollar after a slight gain and Bitcoin trading near US$88,000–US$90,000.