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Official Dollar Rises for Second Week, Up Nearly 5% in June

26/06/2026 22:20 - Economia

USD Continues Its Climb in June

The official dollar closed at $1,495 ARS at banks and exchange houses across Argentina, marking its second consecutive week of gains. So far in June, the US currency has accumulated a rise of nearly 5% in the official segment.

Exchange Rates as of Thursday, June 26, 2026

Dollar Type Selling Price (ARS) June Variation
Official Dollar $1,495 +4.5%
Wholesale Dollar $1,479 +4.8%
Blue Dollar (Parallel) $1,530 +5.2%
MEP Dollar $1,505 -
Cash with Liquidation (CCL) $1,554 +4.4%

Note: ARS = Argentine Pesos. The 'Blue Dollar' refers to the parallel market exchange rate. MEP and CCL are financial dollar rates accessed through bond transactions.

Why Is the Dollar Rising?

  • Global Strengthening: The US Federal Reserve maintains high interest rates (3.75%), strengthening the dollar worldwide.
  • Lower Supply: The end of the agricultural harvest season reduces foreign currency inflows to the market.
  • Seasonal Demand: The payment of the 'aguinaldo' (semi-annual bonus) and tourism related to the 2026 World Cup are driving demand.
  • BCRA Buying Less: The Central Bank of Argentina (BCRA) reduced daily purchases from USD 138 million to USD 79 million.

Market Impact

Country Risk: Rose to 433 basis points, a 2.9% increase.

BCRA Reserves: Remain at USD 47.508 billion.

Carry Trade: Suffered losses of up to 2.9% in dollars during June.

December Dollar Future: Trading at $1,653 ARS.

Key Terms Explained for International Readers

Blue Dollar: The parallel or 'black market' exchange rate. Due to currency controls in Argentina, many people and businesses use this unofficial rate when official access to foreign currency is restricted.

MEP Dollar (Mercado Electrónico de Pagos): A legal financial dollar obtained by buying Argentine government bonds in pesos and selling them for dollars within the local market.

Cash with Liquidation (Contado con Liqui): Similar to MEP but designed for sending dollars abroad, commonly used by foreign investors to repatriate funds.

Country Risk: A measure indicating the risk of investing in a country's debt, calculated as the spread over US Treasury bonds.

Economic Context

The National Treasury faces debt payments of $16.3 trillion ARS this Friday, of which $15.7 trillion ARS are held by the private sector. The government continues managing debt payments while the financial market shows signs of stabilization after days of exchange rate pressure.

Investment Recommendations

Bank of America recommends Boncer 2026 (TX26) with a quarterly carry of 3.3% for those seeking yield in the local market.

Investors who entered since January 2026 are still earning gains of 12-18% in dollars, while those who entered in June are registering losses due to the recent depreciation.

Sources: Clarín Economy | Central Bank of Argentina (BCRA) | Foreign Exchange Market

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