Overview
- On Wednesday major price quotes clustered around these levels: official retail about $1,535, wholesale near $1,512.50, blue $1,530–$1,550, MEP roughly $1,534–$1,539, CCL about $1,611–$1,613 and crypto near $1,610–$1,612.
- The BCRA recalculated the November official band after the 1.9% inflation print so the reported ceiling moves toward $2,000 while the reported floor falls below $700, enlarging the range the central bank will allow for official adjustments.
- Markets reacted by selling Argentine dollar-linked assets, with sovereign bonds and ADRs weakening and the risk-country indicator rising to about 596, a sign investors see higher near-term volatility.
- Consumers face much higher costs for foreign card purchases because the 'dólar tarjeta' (official rate plus the 30% perception) sits near $1,995.50, while crypto and financial-dollar channels remain alternative paths for accessing dollars.
- The change follows a year in which the BCRA bought reserves at intervals and now has to balance intervention space with the wider band, a dynamic that could influence future peso moves and timing of any official FX action.