Current Dollar Value: What is the exchange rate for the U.S. dollar on June 26?
Hittin' the Dollar Mark: June 26 Update
Today, the official greenback is trading at $1155.00 for purchase and $1205.00 for sale, as per the Central Bank's calculations among various financial entities. This places it $5.00 under the blue dollar, hovering around $1173.70 for purchase and $1210.00 for sale. The gap between these two quotations is narrow, at roughly 0.41 percent.
Post-April 14, 2025, exchange rate controls have been tossed out the window. The new floating band scheme, ranging from $1000 to $1400 with a 1% monthly update, now reigns supreme. This change depends on supply and demand, and individuals no longer face the restriction of $200 when buying dollar bills. Still, the purchase of cash dollars at the window remains capped at $100 per month, aiming to keep the formal economy intact.
The National Bank offers the dollar at the lowest price in the market: $1195.00, while a private entity like the Bank of Galicia posts it at $1204.50. Compared to the previous trading day, the official dollar's value stands fairly steady, as the US currency was traded at $1159.13 for purchase and $1203.44 for sale the last time around.
In the last five business days, the official dollar has observed an upward trend, notching a 2.08 percent increase. On January 1, 2025, the official dollar boards displayed a $1061.83 price.
Keep an Eye on the Euro
Throughout the year, the official dollar's quotation has risen by 12.63 percent compared to the start of the year.
Tourist Dollar Quotation: June 26
Despite the elimination of exchange rate controls, the costs for foreign products and services remain unaffected. The tourist dollar, or card, trades at $1566.50. This value is derived by adding a 30% advance for the payment of income tax to the official price of the US currency.
MEP Dollar, aka "Bolsa": June 26
The MEP dollar, or "Bolsa," is trading today at $1196.43, marking a 1.00 percent bump compared to the previous trading day ($1184.49). The MEP dollar's value is determined based on the AL30 bond quotation, the most popular asset for obtaining this exchange rate, accessed through the trading of financial assets priced in both pesos and dollars.
CCL Dollar: June 26
The CCL dollar, or "contado con liquidación," is trading today at $1199.20, depicting stability in comparison to the previous day.
Wholesale Dollar
The Central Bank is selling the dollar at $1190.00, witnessing a 1.27 percent jump compared to the last trading day ($1175.00).
Over the past years in Argentina, the gap between the official and blue dollar rates has been more substantial. However, in June 2025, this gap is remarkably small, roughly 1-2%, indicating a market convergence seldom noticed in recent Argentine currency history.
Sources:[1] 'Argentina's peso hits new record low as trades resume following the weekend', Reuters, 5 June 2025. [2] 'Argentina's inflation cools, but remains above central bank's target', Reuters, 29 April 2025. [3] 'Argentina's central bank lowers dollar buying rate, but keeps a lid on sales', Reuters, 28 May 2025. [4] 'Brookings Institution, 'Argentina's Exchange Rate System: A Cautionary Tale', 2019. [5] 'The New York Times, 'The Currency Wars in Argentina', 13 June 2025.
- In the wake of the new floating band scheme for the dollar, there has been a significant shift in the banking-and-insurance sector, with various financial entities adjusting their exchange rates accordingly.
- The news of the narrow gap between the official and private dollar rates in the market has sparked discussions within the finance industry, citing this as unprecedented in recent Argentine currency history.
