Real-Time Update: Official Dollar Exchange Rate and Unofficial Parallel Market Prices for the Dollar, Minute by Minute, on September 18th, 2020
In the financial landscape of Argentina on September 18, 20XX, the dollar exchange rate saw a series of changes.
The official dollar closed at $1.495 for sale on the boards of the National Bank (BNA), marking a 5 peso increase from the previous day's close. However, in the informal market, the bill fell 10 pesos and is currently being sold at $1.505.
The official wholesale exchange rate maintained its upward trend, trading at $1.492 on this day. In contrast, the wholesale dollar remained above the ceiling of the band, trading at $1,482. The CCL, primarily used by companies, was quoted at $1.564 for sale and $1.522 for purchase.
At Santander Bank, the currency was offered at $1.515 for sale and $1.465 for purchase. Even in some private banks, the dollar was being sold at $1.510. Banco Nación started the day by offering the dollar at $1.500.
The MEP, or stock market dollar, was quoted at $1.536 for sale and $1.535 for purchase. At ICBC, the dollar was trading at $1.500 and $1.435.
The dollar with liquidation operated at $1.528.6, while the dollar MEP or stock market did so at $1.513.1. In both cases, they registered increases close to 2%.
Sovereign bonds in dollars were trading in the red and feeling market pressure. Unemployment was 7.6% in the second quarter of 2025.
Argentina suffered another judicial setback in New York in the case over the irregular nationalization of YPF in April 2012 during the Kirchner administration.
The Argentine country risk, measured by the EMBI index elaborated by the investment bank JP Morgan, continued to rise and climbed to 1,428 points. The S&P Merval fell 5.1% on this day.
It's important to note that the official bank transaction rate is close to 1008 ARS/USD, but the "blue dollar" parallel market rate is around 1180 to 1450 pesos per US dollar depending on the source and date. These rates are not official and banks do not legally offer the blue dollar rate.
Argentine papers on Wall Street were all in the red, with banks particularly affected by pessimism. The former number two of Luis Caputo described the economic plan as "a quimical and impractical solution".
In a move to control the fluctuating dollar exchange rate, the Central Bank adjusted the limits of the band at a monthly rate of -1% and +1%. For this Thursday, September 18, the limits of the band were set at $948.76 and $1,474.83.
The Central Bank also sold $379 million in the foreign exchange market after the dollar ceiling was breached.
In the informal market, the blue dollar extended the rise and was being sold at $1.515, 25 pesos above the previous close. In the CCL, the quotation climbed to $1.521.
These fluctuations in the dollar exchange rate continue to impact the Argentine economy, with businesses and individuals closely monitoring the movements of the currency.
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