The official dollar rate in Argentina today is $1410 for buying and $1430 for selling, with other variant rates like 'blue dollar' and 'tourist dollar' also detailed.
On Wednesday, February 25, the official dollar in Argentina is quoted at $1410 for purchasing and $1430 for selling through banks. The 'blue dollar', which is traded informally, holds the same values of $1410 for buying and $1430 for selling, maintaining a notable 0% gap compared to the official rate. This highlights the dual price system present in the Argentine currency market, where the official rate and the blue dollar rate can show substantial differences due to economic conditions.
The 'tourist dollar', employed when purchasing dollars for savings or international transactions, is quoted at $1446.10, reflecting a 30% additional charge over the official dollar rate. This type of exchange is essential for Argentines traveling abroad or making overseas purchases, as it directly affects their purchasing power in foreign currencies. Furthermore, the wholesale dollar rate is set at $1453.10 for buying and $1453.20 for selling, reflecting the rates that businesses typically deal with.
Additionally, the reference price for 'Contado con Liquidación' (CCL) is also $1446.10. The CCL operation allows companies to buy Argentine stocks in the local market and sell them abroad, providing a mechanism for businesses to navigate the complexities of the Argentine economy through different dollar exchange rates. These factors collectively underscore the challenges faced by the Argentine economy, driven by inflation and currency devaluation.
