Overview
- On October 30 the central bank bought about USD 96 million while reported foreign reserves fell USD 1,592 million to roughly USD 48.56 billion, a two‑day drop of about USD 2.04 billion.
- The informal cash rate, the dólar blue, finished the month virtually unchanged at ARS 1,565 and was the quote that rose least in October.
- Financial exchange rates moved higher than the official market rate, with MEP around ARS 1,568–1,569 and CCL near ARS 1,660–1,662, reflecting stronger demand in capital‑markets channels.
- Trading volume declined about 16.4% versus September, and a midweek Treasury licitation helped refinance maturities without creating acute peso liquidity stress.
- A sharp depreciation of the Brazilian real after that country’s election produced an estimated 7.2% real bilateral appreciation of the peso, a move that could narrow export and tourism competitiveness in the near term.