Overview
- On Sept. 30, 2026 market screens showed a cluster of rates: official about $1,495–$1,545, mayorista near $1,522, blue around $1,540–$1,560, MEP about $1,549, CCL roughly $1,614, cripto near $1,597–$1,613 and tarjeta about $2,008.50.
- Authorities have shifted to a three‑axis approach that reduces direct reserve accumulation, leans on dólar futuro contracts and uses pesos securities indexed to the dollar to absorb demand and smooth volatility.
- The BCRA sharply moderated net reserve purchases in September, adding under about US$250 million for the month while officials said the central bank’s net futures position moved close to zero even as private open interest rose.
- Heavy agroexporter dollar sales and very high intraday trading volumes supplied dollars that helped keep parallel rates relatively stable and kept month‑end moves small.
- Consumers feel the policy tradeoffs because the 30% perception on card purchases makes the dólar tarjeta far more expensive and official interventions in futures and linked bonds remain partly opaque, leaving the peso vulnerable if flows or market confidence shift.