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Argentina’s FX Market Shows Narrowed Gaps With Blue at 1,450

Higher funding benchmarks plus a small reserve dip signal tighter liquidity.

Overview

  • The official average stood at ARS 1,407.66 for buying and ARS 1,460.20 for selling, with Banco Nación at ARS 1,405/1,455.
  • The wholesale reference rate hovered near ARS 1,430, while the blue dollar traded at ARS 1,450 with a gap of roughly 1.4%.
  • Financial dollar gauges were higher, with MEP at ARS 1,499.11 and CCL at ARS 1,518.94, reflecting gaps of 4.8% and 6.2%.
  • BCRA gross reserves slipped by US$70 million to US$42.628 billion.
  • Benchmark rates rose, with TAMAR at 44.13% (54.18% effective) and BADLAR at 40.88% (49.42% effective), while the ECB set a 2029 target for a digital euro as nine banks advance a MiCA‑regulated euro stablecoin for 2026.