Brazilian Real in Argentina Edges Lower, Blue Nears $286.75, Official at $281

New quotes signal a mild pullback in cash markets as travelers face a much higher card rate.

Overview

Ámbito reported the real blue at $275.75 for buying and $286.75 for selling on Wednesday, January 14.
The official real was quoted at $266 for buying and $281 for selling, according to Ámbito’s market snapshot.
The card or tourist rate for the real stood at about $365.3, remaining well above cash market levels.
Dollar indicators published alongside the real showed the dólar blue at $1,485/$1,505 per Ámbito’s survey of the Buenos Aires market.
Quotes reflect a slight dip from Tuesday’s readings that included a BCRA average sell price of $273.30 and Banco Nación at $269/$284, as LA NACION’s survey placed the real blue near $276.75/$287.75.