Overview

• The blue dollar traded at ARS 1,190 for purchase and ARS 1,210 for sale on April 28, compressing its spread with the official wholesale rate to 3.1%.
• The Central Bank has refrained from intervening in the currency market, adhering to guidance that reserves purchases will only occur if the peso reaches the band’s lower limit of ARS 1,000.
• Financial dollar rates, including MEP and CCL, have also stabilized within the floating exchange framework, with spreads narrowing across segments.
• The IMF negotiations for a potential $20 billion program continue, as Argentina’s dwindling reserves remain a critical concern.
• This structural shift follows the removal of six years of currency restrictions, which had caused significant distortions across trade, tourism, and investment.