Overview
- By Saturday, Argentina’s wholesale rate hovered near ARS 1,400 and Banco Nación’s retail quote was ARS 1,420, with the blue around ARS 1,415 and financial rates near ARS 1,424 (MEP) and ARS 1,469 (CCL).
- The central bank has bought roughly US$3.25 billion so far in 2026, including about US$47 million on Thursday, even as gross reserves edged to about US$45.77 billion.
- Analysts cite more than US$10 billion in corporate and provincial placements since the elections and agricultural liquidations above US$100 million a day as the key dollar supply sources.
- Globally, oil hovered near US$100 after spiking toward US$120 earlier in March, and safe‑haven flows pushed the U.S. Dollar Index to multi‑month highs around 100–101.
- Regional FX showed strain as Peru’s sol closed near S/3.453 and Mexico’s peso weakened toward 17.95 per dollar this week, while economists warn Argentina’s calm could falter if external funding slows or the conflict persists.