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Argentina’s CCL Dollar Eases to ARS 1,548 on Thursday

New quotes place the financial rate just above the MEP, highlighting the market’s segmented exchange landscape.

Overview

  • On Thursday, October 9, the CCL was quoted at ARS 1,542.80 for buying and ARS 1,548.10 for selling, according to Clarín.
  • The rate is down from Wednesday’s levels of ARS 1,554.80/1,559.40 reported the prior session.
  • MEP dollars traded at ARS 1,525.10/1,532.50 on Thursday, leaving the CCL slightly higher than the domestic market rate.
  • Clarín also reported the blue dollar at ARS 1,455.00/1,475.00 on Thursday, with the official rate at ARS 1,405.00/1,455.00 per Banco Nación.
  • As of Wednesday’s update, Clarín noted the CCL was about 1% lower week over week, up roughly 8% month to date, and 28% higher than a year earlier.