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Argentina’s FX Market Reopens With Official Dollar at 1,475 and Blue at 1,505 as New Bands Loom

Investor focus turns to a new band system as Treasury dollar buying and a Senate Budget debate shape the peso outlook.

Overview

  • After the Christmas pause, Banco Nación opened the official dollar near ARS 1,475 and the informal blue traded around ARS 1,505, with the wholesale rate near ARS 1,451.
  • Financial quotes showed the segmented market in action: MEP around ARS 1,479, contado con liquidación near ARS 1,531, and crypto references around ARS 1,522–1,542.
  • Portfolio Personal Inversores estimated the Treasury’s December net dollar purchases at about US$408 million, outpacing November’s roughly US$280 million.
  • Traders are watching for the imminent rollout of a new exchange‑rate band regime as they also track today’s Senate debate on the 2026 Budget for policy signals.
  • In the region, Peru’s sol closed at S/3.365 on Dec. 24 per the BCRP, and Mexico’s peso hovered near MXN 17.92 per dollar in thin holiday trading.