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Argentina’s Dollar Market Shows Narrow Gaps as Blue Nears Official Rate

Recent rule changes removed MEP parking, speeding access through the financial channel.

Overview

  • The Banco Nación reference rate stood at $1,400 for buying and $1,450 for selling on Tuesday, November 25.
  • The blue dollar traded near $1,405 for buying and $1,425 for selling in Buenos Aires.
  • Financial quotes showed the MEP at $1,454.60 buy and $1,473.80 sell, the CCL around $1,488.10/$1,488.50, and the crypto dollar near $1,488.72/$1,508.29.
  • The card rate used for foreign purchases was priced around $1,885 per dollar.
  • For the euro, the BCRA average closed near $1,582.93 buy and $1,675.50 sell, while the euro blue traded around $1,618.56/$1,641.60.