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3h ago

U.S. Peso Purchases and $20 Billion Swap Tighten Argentina’s Dollar Market

The intervention compressed exchange-rate spreads, with quotes converging around 1,420–1,475 pesos across official, financial, blue markets.

Foto: Píxabay
El dólar cotiza cerca de los $1.500
El precio del dólar en México actualizado. Conoce la cotización del USD a MXN en bancos y casas de cambio hoy, 13 de octubre de 2025. | Crédito: Imagen referencial generada con Gemini AI / Composición Mag
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Overview

  • The U.S. Treasury confirmed direct purchases of pesos and a $20 billion currency swap with Argentina’s central bank following negotiations in Washington.
  • After the action, the official exchange rate fell about 50 pesos in a day to roughly 1,420 per dollar, narrowing gaps across the market.
  • By Monday, Banco Nación posted 1,400/1,450 pesos, the blue market traded at 1,455/1,475, MEP was near 1,440.81, CCL around 1,453.22 and the tourist/card rate about 1,885.
  • The central bank announced a 90‑day restriction that blocks buyers of the official dollar from operating via MEP or CCL financial channels.
  • Gross reserves were reported at $42.056 billion after a $642 million weekly drop, passive rates rose sharply (TAMAR 63.42%, BADLAR 54.46%) and private panels still project the official rate near 1,500 by year‑end.