Overview
- Banco Nación quoted the retail dollar at ARS 1,425 on Nov. 19, with the wholesale rate around ARS 1,400 after ending a five‑day slide.
- Informal and financial quotes eased relative to the official rate, with the blue near ARS 1,430, MEP around ARS 1,437–1,441 and CCL roughly ARS 1,471–1,476, compressing the gap to about 4–5%.
- A renewed wave of corporate and provincial debt placements, estimated near US$2.9 billion in November, is cited by brokers as reinforcing the current currency calm.
- The Economy Ministry reported a primary surplus of ARS 823,925 million in October, bolstering the government’s fiscal narrative as investors watch the next debt auction and potential liability management.
- Equities steadied after a prior drop, with a slight Merval rebound on Nov. 19, while BCRA reserves hovered near US$40.36 billion and the intervention band ceiling remained above ARS 1,500.