The MEP dollar is quoted at $1414.60 for purchase and $1420.60 for sale on Tuesday, March 3, 2026, with a 1% increase compared to the same day last week.
On March 3, 2026, the MEP dollar is quoted at $1414.60 for purchase and $1420.60 for sale. This represents a significant increase of 1% from the previous week, indicating a trend in the exchange market. The article discusses various fluctuations in the MEP dollar's rate over different time frames, showing a 3% decrease from the previous month. However, on a year-over-year comparison, the MEP dollar has risen by 15%, from $1225.1 at this time last year.
In addition to providing the current rates, the article highlights the disparity between the MEP dollar and the blue dollar, which is currently priced at $1400, showing a gap of 1%. This context is vital for understanding the market dynamics in Argentina, where multiple exchange rates exist. The MEP dollar is considered a more economical choice for those looking to purchase dollars for savings, given its higher rate compared to the official dollar.
The article also describes the operational mechanics of the MEP dollar, which involves buying and selling bonds in the local currency and then converting them into dollars, allowing investors a way to hedge against inflation and currency volatility. This currency exchange form is particularly relevant in Argentina's ongoing economic context, marked by fluctuating inflation rates and currency controls, emphasizing the strategic importance of understanding these rates for both local investors and everyday consumers.
