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Argentina’s FX Market Holds Steady With Official Dollar at ARS 1,460

Central bank dollar buying underpinned a calm market despite low volumes.

Overview

  • Banco Nación closed the session at ARS 1,460 for sale, a ARS 5 uptick that paused last week’s decline.
  • The BCRA bought USD 21 million and extended its consecutive net-purchase streak, pushing gross reserves to about USD 44.8 billion and taking January buys above USD 700 million.
  • Turnover hovered around USD 190–197 million due to the U.S. holiday, contributing to subdued price moves across the complex.
  • Key parallel and financial quotes were dispersed but stable: blue near ARS 1,505 in Buenos Aires (about ARS 1,515 in Córdoba), MEP around ARS 1,468, CCL near ARS 1,512, and the wholesale rate at roughly ARS 1,434.5.
  • The IMF projected Argentina’s GDP growth at 4% in 2026 and 2027, while regionally the Mexican peso strengthened to roughly 17.58–17.63 per dollar.