The Argentine foreign exchange market opens the weekend with remarkable stability. The MEP dollar maintains its value from last week, while the gap between financial and informal rates has shrunk to a minimum, signaling a period of relative calm for investors in the local market.

Understanding the Argentine Dollar Market

The exchange market started this Saturday showing a clear trend toward stability. The MEP Dollar (Electronic Payment Market), which is a legal way to acquire foreign currency through the purchase and sale of bonds, remains firm with no significant variations compared to last Saturday.

Context for International Readers

In Argentina, multiple exchange rates coexist. While the MEP Dollar is a legal financial instrument, the "Blue Dollar" refers to the informal, parallel market. The "Exchange Gap" (brecha cambiaria) is the percentage difference between these rates; a smaller gap usually indicates greater market stability.

Dollar Type Buy Price Sell Price
MEP (Financial) $1,543.60 $1,551.90
Blue (Informal) - $1,540.00

Key Highlight

The most striking data of the day is the exchange gap, which currently stands at just 0.19%. This represents a notable convergence between the legal financial rate and the informal street rate.

Temporal Evolution

  • Weekly Stability: No changes compared to the previous Saturday.
  • Annual Comparison: The current value stands against $1,497.50 from last year.
  • Monthly Trend: Reports indicate a decrease in values compared to the previous month.

Source: IMAGO