Official Dollar Closes at 1,513 Pesos as Country Risk Hits 675 Points
Trading for the regulated official exchange rate updates until 15 on business days, aligning directly with regular banking hours across financial institutions.
Exchange Rates Across Parallel and Regulated Markets
Parallel currency markets showed distinct pricing for alternative dollar contracts on Monday. The informal blue dollar traded at 1,525 pesos for buying and 1,545 pesos for selling, according to market data. Meanwhile, the MEP dollar sat at 1,534 pesos to buy and 1,539.70 pesos to sell. The CCL, or contado con liquidación rate, registered higher at 1,615.80 pesos for buyers and 1,617.30 pesos for sellers. The wholesale market closed the session at 1,504 pesos for buying and 1,513 pesos for selling.
Commercial Bank Quoting Variations
Major retail banks in Argentina posted varying buy and sell rates during Monday’s trading hours. Banco Santa Fe priced its dollar at 1,485 pesos for buying and 1,535 pesos for selling. Banco Nación matched those exact figures with a buying rate of 1,485 pesos and a selling rate of 1,535 pesos. Banco Provincia listed a buying rate of 1,490 pesos and a selling rate of 1,540 pesos. Banco Bica recorded a buying rate of 1,489 pesos alongside a selling rate of 1,550 pesos.
Frequently Asked Questions About Argentine Exchange Rates
What determines the operating hours of the official dollar?
The official dollar quotation is regulated by the Central Bank of Argentina and updates exclusively until 3:00 PM on business days. This schedule coincides directly with the public service hours maintained by traditional banking entities.
How do commercial bank rates compare to the wholesale rate?
Commercial banks such as Banco Nación and Banco Santa Fe buy the currency at lower rates around 1,485 pesos and sell it near 1,535 pesos. The wholesale dollar operates in a tighter commercial band, closing at 1,504 pesos for buyers and 1,513 pesos for sellers.
What was the status of the country risk index on Monday?
The country risk indicator published by ellitoral.com climbed to 675 points at the start of the business week.
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