Overview
- Market quotes on Thursday show wide coexistence of rates: official retail around ARS 1,485/1,535, blue about ARS 1,520/1,540, mayorista near ARS 1,511, MEP roughly ARS 1,534, CCL around ARS 1,589 and crypto rates near ARS 1,570.
- The MEP and CCL are financial routes that let local investors convert pesos into dollars through buying and selling securities, and their prices serve as alternative legal dollar access for firms and savers.
- The Banco Central bought only USD 15 million in the first trading day of September while gross reserves rose above USD 50.2 billion, a mix that left daily market pressure light but kept officials focused on reserve accumulation.
- Analysts and market indicators now price a measured, orderly depreciation rather than a sudden devaluation, with projections that the peso could drift toward about ARS 1,600 by year‑end if current trends in rates and interest returns persist.
- Regional context: Peru’s sol trades near S/3.36–3.37 with forecasts of S/3.30–3.40 to year‑end, Mexico’s USD/MXN sits around 16.96 with Banxico FIX at 16.9560, and Costa Rica reports about ₡454 per USD, all reflecting relatively stable local moves versus Argentina’s multi‑rate picture.