Particle.news
Download on the App Store

Holiday FX Snapshot: Argentina Opens at $1,475, Peru Closes at S/3.365, Mexico Near 17.93

Thin holiday trading leaves last business-day closes as benchmarks as new exchange-rate rules and divergent 2026 projections shape market positioning.

Overview

  • Major Argentine banks told the central bank they will resume on Friday with an average official sale price around $1,475, matching the last business-day close.
  • Argentina’s parallel and financial references remain above the bank rate: blue near $1,485–$1,505, MEP around $1,476–$1,481, and CCL roughly $1,524–$1,526.
  • Peru’s interbank rate closed on December 24 at S/3.365, a slight dip from S/3.366, according to the BCRP.
  • Mexico’s peso reference for the holiday relies on the prior session, with Banxico’s FIX around 17.9248 and interbank quotes near 17.93–17.94 per dollar.
  • Late-December surveys point to wide 2026 dispersion for Argentina’s official dollar—consensus near $1,746 with inflation around 23.9%—as band indexing to inflation and access restrictions steer demand toward CER bonds.