The official dollar in Argentina is trading at $1420 for buying and $1440 for selling, with the blue dollar maintaining the same rates, highlighting a 0% gap between them.
On February 18, 2023, the official exchange rate for the dollar in Argentina is set at $1420 for buying and $1440 for selling through banking entities. Interestingly, the blue dollar, which operates in the informal market, is also trading at identical rates of $1420 for buying and $1440 for selling, indicating no gap between the two rates for the day. This marks a significant moment as such parity is quite rare, emphasizing the ongoing economic uncertainties surrounding currency fluctuations in Argentina.
Furthermore, the tourist dollar, also called the solidary dollar, is trading at $1464.40, representing the rate applicable for purchases meant for savings or when conducting transactions abroad, which includes a 30% surcharge on the official dollar rate. Additionally, the wholesale dollar is reported to start the day at $1479.20 for buying and $1479.30 for selling. The varying types of dollars reflect Argentina's complex economic landscape and the impacts of inflation and governmental monetary policies on currency valuation.
The Contado con Liquidación (CCL) rate, a mechanism allowing companies to purchase local Argentine securities and convert them into foreign currency, shows a reference price of $1464.40. This dynamic landscape of currency exchange rates is crucial for understanding Argentina’s banking systems and the financial decisions of both individuals and companies amidst fluctuating economic conditions.
