Online update: Quotation from officer and price of parallel currency, minute by minute, on June 30, 2022.
In the heart of South America, Argentina has been experiencing a rollercoaster ride when it comes to its currency exchange rates. As of mid-July 2025, the official exchange rate at the National Bank of Argentina stands at approximately 1 USD = 1,261.50 ARS, a significant increase from the earlier rate of 1 USD = 1,140 ARS[1]. This shift in the exchange rate has been influenced by various factors, including the lifting of currency restrictions in April 2025 and the dynamic market pressures.
The official dollar is trading at $1.205 for sale and $1.155 for purchase on the official board, remaining unchanged from the previous session[1]. However, in the parallel or informal market, the blue dollar has been on a steady rise, currently trading at $1.215[1]. It's worth noting that these rates can vary slightly for private banks, with some offering rates closer to 1 USD = 1,193 ARS[2].
The economy of Argentina has shown signs of growth, with the GDP expanding by 7.7% in April compared to the previous year[1]. However, the country's balance of payments data has raised concerns about the sustainability of the economic program of Javier Milei and Luis Caputo[1].
Amidst these economic uncertainties, the local market maintained a sense of calm in the currency and short-term peso rates became the star among investors in June[1]. Interestingly, the tech-heavy Nasdaq (+0.47%) and the broad-based S&P 500 (+0.52%) reached new all-time highs on the New York Stock Exchange, which closed up on Monday, breaking records for the second consecutive session[1].
On the domestic front, local tourist centres are intensifying promotions to attract both Argentine and foreign audiences, while those abroad are taking advantage of the cheap dollar to add visitors[1]. As we approach the winter holidays, competition heats up among domestic and international tourist destinations.
However, looking ahead to the last day of the month and the second half, there is consensus that currency pressure could be renewed, and the rate scheme may have to be reviewed[1]. This renewed pressure could be a result of various factors, including the potential impact of the ongoing scandal at the National Bank, which involves accusations of favoritism towards the son of the bank's president, prompting calls for resignation[1].
In this context, it's advisable for travellers and investors to verify rates with financial institutions directly for the most accurate and up-to-date information. As the situation continues to evolve, it's crucial to stay informed and make informed decisions.
[1] Source: Reuters, July 15, 2025 [2] Source: XE.com, July 5, 2025
- The fluctuating exchange rates in Argentina's currency market could potentially influence the trading strategies in both political and sports arenas, as the rates affect the cost of imports necessary for certain national teams' equipment and governmental funding for sports infrastructure.
- As the Argentine economy grapples with the ongoing economic uncertainties, it is essential for political leaders to devise policies that safeguard the currency stability, as this factor significantly impacts the costs of sports equipment, the country's ability to bid for major sporting events, and the nation's overall appeal to foreign tourists.
