Economy Country February 21, 2025

Dollar Fluctuations in Argentina

The dollar in Argentina is quoted in different markets, showing a significant gap between the official and blue rates. The Central Bank's reserves have increased for the first time in six days, reaching US$ 28.553 billion.


Dollar Fluctuations in Argentina

In the foreign exchange market, the US dollar shows a varied quotation in different financial segments. At Banco NaciĆ³n, the currency is valued at $1,039.25 for buying and $1,079.25 for selling. In the wholesale market, the dollar was offered at $1,059.75, which represents an increase of fifty cents compared to the previous day's close.

The expected exchange rate for mid-year in the futures market is $1,143. On the other hand, the blue dollar is positioned at $1,225, generating a gap of 16.6%. The value of the MEP is at $1,204.10, with a gap from the official rate of 13.65%. As for the Cash with Settlement (CCL), it drops to $1,212.89 and maintains a spread with the official rate of 14.48%. In the tourist segment, the card or savings dollar reaches $1,402.70, while the Bitcoin dollar is positioned at $1,223.36. In the cryptocurrency market, Bitcoin is traded at US$ 97,414.93, with an increase of US$ 192 million on the day.

The official retail dollar, excluding taxes, has a value of $1,029.93 for buying and $1,088.45 for selling. The Central Bank (BCRA) made a purchase of US$ 83 million in the official exchange market, resulting in an increase in international reserves, which rose for the first time in six business days, reaching US$ 28,553 million. This acquisition represents the fourteenth in the last fifteen days, showing a positive balance in the attempt to rebuild the country's reserves.