29/06/2026 09:55 - Economia
Argentina's foreign exchange market opens the final week of the first semester of 2026 with stable exchange rates reflecting the strength of the government's currency scheme.
| Dollar Type | Buy | Sell | Weekly Change |
|---|---|---|---|
| Official Dollar | $1,445 | $1,495 | +$15 |
| Blue Dollar | - | $1,515 | -$15 (Friday) |
| Crypto Dollar | - | $1,561.80 | Stable |
The gap between the official dollar and the blue dollar remains at a controlled range of 1.3%, one of the lowest levels in recent years.
For foreign readers: Argentina has multiple exchange rates due to currency controls. The Official Dollar is the regulated rate accessed through banks and authorized exchange houses. The Blue Dollar (dólar blue) is the informal parallel market rate, traditionally used by tourists and locals seeking unrestricted access to foreign currency. The Crypto Dollar reflects rates through cryptocurrency transactions.
The official dollar registered a 4.6% increase during June, accumulating only 1% since the beginning of 2026. This movement responds to multiple factors:
The Argentine economy shows remarkable strength on the external front:
The trade surplus consolidated in the first five months of 2026 marks a historical record for the Argentine economy.
Exports from Neuquén province (mainly hydrocarbons) totaled USD 3.450 billion between January and May 2026, a 104% increase compared to the same period in 2025.
The RIGI (Large Investment Incentive Regime) reduced the breakeven point for projects in Vaca Muerta, attracting estimated investments between USD 55-60 billion.
Future contracts anticipate a gradual trajectory for the official exchange rate:
Source: BBVA Research. Projections subject to change based on market evolution.
Private banks observe that the macroeconomy shows unusual strength with rising exports, fiscal balance, and stabilized exchange front. However, the recovery in the "real" economy is not yet perceived with the same intensity. The second semester will be key to evaluating whether macro benefits translate into inclusive growth.
Sources: Central Bank of Argentina (BCRA), Banco Nación, informal market, BBVA Research, Chamber of Commerce.
Alfredo S. Quiroga
