Overview
- Weekend quotes used last business‑day closes show the Banco Nación retail sale price at ARS 1,560, the informal dólar blue at about ARS 1,565, the MEP around ARS 1,565–1,575, the CCL near ARS 1,654–1,660, and the dólar tarjeta at roughly ARS 2,028.
- The Banco Central de la República Argentina reported net dollar buys of about USD 1,395 million in October, including a USD 96 million purchase on the referenced Friday, while gross international reserves fell by roughly USD 1,592 million to about USD 48.56 billion.
- Reserve accounting and market flows help explain the paradox of net purchases alongside a reserve decline because valuation moves such as a fall in gold prices and typical month‑end banking operations reduced reported gross reserves.
- Financial dollar rates remain meaningfully above the official rate, producing multi‑percent gaps that affect companies and savers who use securities or informal markets to get dollars and that also raise costs for firms that need foreign currency.
- Regional drivers that pushed late‑October volatility included the Brazilian real’s fall after recent elections, shifts in U.S. rate expectations, and end‑of‑month flows, and sources say reserves could rebound in early November as normal month‑end adjustments reverse.