The Argentine dollar accelerated its exchange rate in the last week of February, but it fell 3.5% for the entire month. This was the largest monthly drop in six and a half years. To find a similar decline, one must go back to June 2019. The wholesale dollar, after a brief rebound, ended February at 1,397, according to the Argentine News Agency. As for the retail segment, it closed the month at 1,420 at the National Bank, while the average for the Central Bank of Argentina's entities was set at 1,426.454. In the informal sector, the 'blue' dollar closed at 1,425, while the crypto-dollar, which operates 24 hours a day, is moving at 1,453.68. The monetary authority accumulated 38 days of accumulating foreign currency in the freely convertible currency market.
