Trading value of the dollar on July 25th, 202 fighters' day: what's its current exchange rate?
Argentina's official dollar quotation has been in a state of flux, with the rate reaching an all-time high of 1,280 pesos per dollar in 2025. This marks a significant increase from the rate of 366 pesos per dollar in the same year under the previous government.
The history of Argentina's official dollar quotation is complex, characterised by periods of fixed exchange rates, currency boards, multiple exchange rates, and recurrent devaluations. The Currency Board Period (1991-2001) saw a 1:1 peg with the US dollar, but economic crises and government policy changes led to its collapse in 2001, resulting in a sharp devaluation and a sovereign debt default.
Following 2001, the peso floated but suffered from high volatility and inflation. The government implemented various controls and multiple exchange rates, including the official rate, the MEP rate (used for credit card and financial transactions), and the blue dollar rate (informal market). These coexist due to capital controls and restrictions on purchasing foreign currency at the official rate.
In the parallel market, the European currency is now being sold at $1551.79, while the Dollar Blue sale rate is $1315. The crypto dollar (USDC) is trading at $1306.26, the crypto dollar (USDT) at $1303.42, and the crypto dollar (DAI) at $1303.33. Bitcoin (BTC) is trading at $116,766.13, and Ether (ETH) at $3725.38.
The IMF recently approved the first review of Argentina's economic reform program, granting the country access to approximately $2 billion. The Dollar Blue operates 24/7 and 365 days a year, offering an alternative to the official exchange rate.
In the local market, the most liquid titles for operating with the MEP dollar are the AL30 and the GD30. There is a limit of US$100 per month for buying dollars with bills at the window, and ATMs may only offer multiples of US$100 and not bills of lower denomination. Banks establish a fixed daily limit for withdrawing dollars, and the withdrawal of dollars from an ATM cannot exceed the withdrawal limit in pesos of the card converted to dollars at the official exchange rate of the day.
The consumer price index (CPI) reached 1.6% in June, marking a moderate increase in inflation. The dollar card now costs $1670.5, and financial dollars include the MEP Dollar (or stock market) and the CCL Dollar (cash with settlement). Since April 14, 2022, banknotes do not have a limit for buying dollars.
The official dollar quotation is subject to change, and it is essential to stay informed about the latest developments in Argentina's financial market.
- The complex history of Argentina's official dollar quotation, characterized by periods of fixed exchange rates, currency boards, multiple exchange rates, and recurrent devaluations, has led to an increase in personal-finance concerns for Argentinian citizens.
- In the local market, while the official exchange rate remains somewhat limited, alternative options for investing in finance, such as the Dollar Blue, crypto dollars (USDC, USDT, and DAI), Bitcoin (BTC), and Ether (ETH), are increasingly popular among those seeking wealth-management opportunities.
- Businesses in Argentina are finding ways to navigate the volatile exchange rates through various strategies, including the use of the most liquid titles for operating with the MEP dollar, such as the AL30 and the GD30, and staying informed about the latest news and developments in the country's financial market.
