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Dollar Today and Blue: Stable Exchange Rates and an Encouraging Financial Outlook

20/07/2026 16:39 - Economia

Dollar Exchange Rates: July 20, 2026

A stable outlook bringing peace of mind to Argentina after the 2026 World Cup.

Dollar TypeBuySell
Official (Banco Nacion)$1,450$1,500
Blue Dollar (Buenos Aires)$1,520$1,540
Blue Dollar (Cordoba)$1,519$1,551
Card / Tourist-$1,950
MEP / Stock Market-$1,512
Cash With Settlement (CCL)-$1,573
Crypto-$1,602

Reference values at the close of Monday, July 20, 2026.

Understanding the Argentine Exchange Market

For foreigners visiting Argentina, understanding the dollar market is essential. The country operates with multiple exchange rates. The Official Dollar is the rate set by the government and the Central Bank, generally used for official imports and exports. The Blue Dollar is the informal, parallel exchange rate. Many tourists use the Blue Dollar to get more Argentine pesos for their foreign currency. On Monday, July 20, 2026, the official rate closed at $1,500, while the Blue Dollar traded slightly higher at $1,540 in Buenos Aires and $1,551 in the province of Cordoba, maintaining a controlled gap with the official rate.

Other rates include the Card/Tourist Dollar, which applies taxes on credit card purchases abroad (selling at $1,950), and financial dollars like MEP (operated at $1,512) and CCL (at $1,573), which are bought through the stock market. Crypto dollars traded at $1,602.

Economic Context and Good Omens

Investments in pesos continue to attract investors, while the Country Risk, measured by JP Morgan's EMBI index, fell to 413 basic points. This index measures the probability of a country defaulting on its debt; a lower number indicates higher international confidence in Argentina's payment capacity.

Improvements in Risk Ratings

A highly positive piece of data for the national economy is the improvement in international risk ratings. Fitch upgraded Argentina's rating to B- on May 5, 2026, and S&P did the same on June 10, 2026. Market eyes are now on Moody's, which is expected to upgrade the rating from Caa1 to B3 shortly. The current country risk is around 405 basic points, and it is projected to fall to the 300-point zone.

The Central Bank and Government Agenda

The Central Bank of Argentina (BCRA) continues to strengthen its reserves, accumulating purchases in the foreign exchange market. This financial robustness is key to consolidating the disinflation path and keeping the exchange rate gap at bay. Additionally, with the return of the Argentine National Team to the country after the 2026 World Cup and the winter recess of Congress, the National Government, led by President Javier Milei, seeks to relaunch its economic agenda to unlock pending reforms and continue the path of growth.

Source: Based on market data from Imago News

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