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2h ago

Argentina’s Dollar Trades on Multiple Tracks, Blue Near $1,530 as CCL Holds Around $1,517

Conflicting bank screens plus parallel prices highlight a fragmented market that raises the effective cost of foreign currency.

AME6930. ASUNCIÓN (PARAGUAY), 07/09/2024.- Fotografía de un cambista informal sosteniendo dolares este viernes en el centro de Asunción (Paraguay). El alza del dólar, atribuido por expertos a una demanda estacional y un "drenaje" de billetes verdes hacia Bolivia y Argentina, ha llevado a un encarecimiento de los productos importados de la canasta básica en Paraguay, sin que el efecto aún alcance a la inflación, que marcó en agosto un -0,2 %. EFE/ Juan Pablo Pino
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Overview

  • The informal dollar in Buenos Aires stands at $1,510 for purchase and $1,530 for sale, with Córdoba quoted higher at about $1,546.
  • Official quotes vary by outlet, with Banco Nación reported at $1,430–$1,480 by TN.com.ar and at $1,510–$1,530 by Clarín, while the wholesale rate opens near $1,455.
  • The spread between the blue and the wholesale rate is roughly 5.15%, reflecting persistent gaps across exchange channels.
  • The contado con liquidación trades near $1,516.90 and shows an increase of about 27% versus a year earlier, while the MEP is around $1,481.
  • Foreign card spending carries a 30% perception that lifts bank quotes for the tarjeta rate to around $1,924, and parallel premiums extend to the euro and the Brazilian real.