Particle.news
Download on the App Store

Argentina’s Card and Savings Dollar Fixed at ARS$1,904.50 as Official Average Hits ARS$1,464.99

Tax perceptions still in place since December 2024 keep retail dollar costs elevated versus parallel market prices, widening gaps with MEP and blue rates.

Overview

  • The BCRA’s daily average puts the official retail dollar at ARS$1,464.99 for Friday, October 31.
  • Most banks quote the card and savings dollar at ARS$1,904.50, with variations such as Banco Piano at ARS$1,924.
  • The retail premiums translate into a roughly 30% gap versus the MEP and about 33% versus the blue rate reported today.
  • Card spending abroad continues to carry a 30% income-tax perception, adding to the consumer-facing rate for overseas purchases and travel.
  • Quotes are compiled from bank reports around 15:00 and update through market hours, which run until 16:30 on business days.