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Argentina’s Peso Holds Near ARS 1,300 as Dollar Exchange Rates Diverge

Retail dollar demand is pushing all market segments toward the ARS 1,400 band ceiling.

AME4421. BUENOS AIRES (ARGENTINA), 01/04/2025.- Una persona camina frente a una casa de cambio este martes, en Buenos Aires (Argentina). Argentina es una economía bimonetaria 'de hecho', en la que, si bien hay una moneda propia, es el precio del dólar estadounidense el que determina las decisiones cotidianas de inversores, empresas y familias, una obsesión forjada al calor de las recurrentes crisis financieras del país suramericano. EFE/ Juan Ignacio Roncoroni
El economista Daniel Marx 24/07/2025.
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El ministro de Economía, Luis Caputo y el presidente del Banco Central Santiago Bausili

Overview

  • As of July 28, Banco Nación’s official rate stands at ARS 1,245 to buy and ARS 1,295 to sell, with the wholesale rate near ARS 1,280.
  • The parallel blue dollar trades at ARS 1,295/1,315, marking a $90 rise since early July toward the top of the floating-band range.
  • Financial-market segments show dollar-MEP at ARS 1,286.83 and CCL at ARS 1,294.23 as investors price in further peso weakness.
  • In June, one million individuals purchased US$ 2.416 billion in banks, generating net retail dollar acquisitions of US$ 2.020 billion.
  • A FocusEconomics panel forecasts the official rate will reach ARS 1,355.8 by end-2025 and ARS 1,589.8 by end-2026.