Particle.news
Download on the App Store

Argentina’s Dollar Market Shows Narrow Blue–Official Gap as MEP and CCL Lead on Nov. 16

Capital controls and tax surcharges sustain multiple exchange rates, leaving card and savings purchases at 1,852.50 pesos per dollar.

Overview

  • Banco Nación’s official dollar is quoted at 1,375 pesos to buy and 1,425 to sell, with Sunday values serving as references while markets are closed.
  • The blue dollar trades at 1,410/1,430 pesos in Buenos Aires and 1,414/1,445 in Córdoba, leaving a roughly 3% gap versus the official rate.
  • Financial rates remain higher, with MEP at 1,450.50/1,456.10 pesos and CCL at 1,484.40/1,485.50, a spread of about 5% between them.
  • Consumer FX for cards and savings is 1,852.50 pesos per dollar, reflecting a 30% impuesto país plus a 30% ganancias surcharge.
  • Brazil’s real is quoted at 239.64/239.87 pesos officially and at 278.75/267.75 in the parallel market, implying a premium near 14%.