Overview
- After a sharp midweek rise, the wholesale (mayorista) rate retraced to about ARS 1,510–1,514 and the informal blue fell into a roughly ARS 1,530–1,555 range, reflecting the reversal reported on Sept. 17.
- Weekend quotes on Sept. 19 put financial dollars near MEP ARS 1,530–1,540 and CCL ARS 1,596–1,598 while Banco Nación’s board remained at buy ARS 1,485 and sell ARS 1,535, which sources say will be used as the reference for Monday openings.
- The Banco Central de la República Argentina has bought about US$14 billion so far this year, a level that has exerted downward pressure on market rates even as its daily buying pace has slowed with seasonal lower agro receipts.
- Practical effects for people include a roughly 30% surcharge on card and tourist purchases using the official retail rate and a small but meaningful spread between official, financial and informal quotes that shapes saving and travel costs.
- Argentina’s FX market remains segmented with multiple rates—retail, wholesale, blue, MEP and CCL—and the wholesale rate sits well below the BCRA’s quoted band ceiling, a factor traders use to gauge future central bank intervention.