On Friday, July 24, 2026, the Argentine peso continued to reflect the volatile nature of its foreign exchange market, with multiple currencies trading at different rates depending on their legal status and availability. The euro blue, which refers to the unofficial rate used in the black market, opened at $1,859.75 for sale and $1,820.75 for purchase. This rate typically exceeds the official one due to the informal nature of its circulation, which allows for higher demand among individuals seeking more favorable terms than those offered through regulated financial institutions. The official euro was quoted at $1,635 for purchase and $1,735 for sale according to the Banco de la Nación Argentina (BNA). This rate reflects the government-controlled exchange mechanism, which aims to maintain stability within the formal economy. In contrast, the euro tarjeta, often referred to as the tourist rate, operated at $2,268.15 for purchase, serving as a reference point for transactions involving international cards. Across various banks, the euro’s official rate varied slightly. At Banco Ciudad, the euro was available for purchase at $1,645 and for sale at $1,745. Banco Nación mirrored the BNA’s official rate, offering $1,635 for purchase and $1,735 for sale. Banco Supervielle listed the euro at $1,610 for purchase and $1,721 for sale, while Banco BBVA set the rate at $1,680 for purchase and $1,740 for sale. These differences highlight the localized variations in the official market, influenced by regional economic conditions and bank-specific policies. In parallel, the dólar blue, another key indicator of the informal market, opened at $1,530 for purchase and $1,550 for sale. This rate, though lower than the euro blue, still reflects the broader trend of currency depreciation against the peso. The dólar oficial remained relatively stable, with the Banco Nación quoting it at $1,460 for purchase and $1,510 for sale. Other financial institutions such as Bancor and ICBC maintained similar rates, with Bancor listing the dólar at $1,460 for purchase and $1,520 for sale, and ICBC at $1,450 for purchase and $1,510 for sale. The dólar MEP, known as the stock market rate, traded at $1,519.73 for purchase and $1,521.33 for sale, reflecting the influence of financial markets on local currency valuation. Meanwhile, the Contado con Liquidación (CCL), a widely used rate for cash transactions, was quoted at $1,583.20 for purchase and $1,587.30 for sale. The dólar cripto, operating through cryptocurrency exchanges, opened at $1,576.95 for purchase and $1,579.30 for sale, indicating the growing role of digital assets in shaping informal currency dynamics. Earlier in the week, on Thursday, July 23, the dólar blue had closed at $1,550 for sale and $1,530 for purchase, marking a slight decline compared to the previous day. The dólar MEP recorded a similar pattern, selling at $1,521.90 and purchasing at $1,515.60, while the CCL remained steady at $1,585. The dólar cripto averaged $1,489.60, showing some divergence from other informal rates. On Tuesday, July 28, the euro blue opened at $1,889.75 for purchase and $1,849.75 for sale, maintaining its usual premium over the official rate. These fluctuations underscore the ongoing instability in Argentina's foreign exchange system, driven by both internal economic pressures and external factors such as inflation, trade balances, and global financial trends. The central bank's recent purchases of 45 million dollars and the subsequent drop in reserves to $48.684 billion further illustrate the challenges faced by policymakers in managing the country’s monetary policy amid persistent economic uncertainty. As the week progresses, these rates will continue to serve as critical indicators for businesses, investors, and consumers navigating the complex landscape of Argentina’s currency market.
★
Keep the news honest.
ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.
Become a Supporter