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Argentina’s Parallel Dollar Rates Converge, With MEP and Blue Near 1,490 Pesos

Coverage points to financial engineering behind the tight clustering under persistent reserve pressures.

Overview

  • The blue dollar traded at $1,485 to buy and $1,505 to sell on January 11, according to Ámbito.
  • The MEP stood at $1,489.42, leaving a 1.7% gap versus the wholesale official rate of $1,465.
  • The contado con liquidación was quoted at $1,528.86, putting its spread over the official at 4.4%.
  • Market quotes show MEP and blue nearly aligned, with Clarín noting a 0.20% difference in prior-day pricing.
  • Clarín reports the MEP is up about 28% from a year ago, when it was $1,161.8, after modest week and month moves.