Today's Dollar Value: What's the Exchange Rate on July 28th?
Argentine Peso Exchange Rate Fluctuates in 2025
In the economic landscape of Argentina, the exchange rate of the Argentine peso against the US dollar has been a subject of interest. Here's a breakdown of key events and factors that have shaped the exchange rate in 2025.
January 2025 saw the official exchange rate hovering around 1008 Argentine pesos per US dollar.
By early July 2025, economic uncertainty and political factors led to a weakening of the peso, with the rate ranging between approximately 1218 and 1260 ARS/USD.
In mid-July, the official rate settled near 1272.5 ARS/USD, remaining steady for several days despite ongoing demand for dollars.
The parallel or "blue dollar" exchange rate traded at a premium compared to the official rate, averaging roughly 5–13% higher, signifying continued reliance on informal markets.
Underlying factors influencing these rates include:
- Fiscal reforms yielding consecutive fiscal surpluses, which helped stabilise the peso despite external pressures.
- Export growth in mining and commodities, providing foreign currency inflows supporting the official exchange rate.
- Market volatility related to political uncertainty such as upcoming elections and legal rulings affecting investor confidence, causing short-term peso weaknesses.
- Central bank interventions maintaining controlled volatility and a managed upward trend in the official exchange rate.
Notable changes in the exchange rate landscape occurred in April 2025 when exchange rate controls ended. A new floating band scheme for the dollar was implemented, ranging from $1000 to $1400 with a 1% monthly update.
Individuals can now buy dollars without the previous US$200 restriction, but the purchase of cash dollars at the counter has a monthly limit of US$100.
Today, July 28, the official dollar is trading at $1259.86 for purchase and $1305.11 for sale. The CCL dollar, or "cash with delivery", is trading at $1296.58, remaining stable compared to the previous day. The MEP dollar, or "Bolsa", is trading at $1286.74, showing a 1.08 percent increase compared to the previous business day.
The Central Bank's role in defining exchange rates remains crucial, as does the quotation of the CCL dollar, which is based on the purchase and sale of financial assets traded in pesos and dollars. The Central Bank's wholesale dollar trading price remains consistent at $1270.00.
In summary, the official exchange rate of the Argentine peso in 2025 experienced a steady depreciation, rising from about 1008 to over 1270 pesos per US dollar, with the government balancing market pressures through fiscal discipline and managing reserves while informal exchange rates remained at a premium.
In the context of these events, some Argentine businesses might consider diversifying their investments, including in the publishing sector, to hedge against financial risks associated with the fluctuating exchange rate. The ongoing policies and interventions by the Central Bank would play a significant role in determining the direction of exchange rates, potentially impacting financial investments in various sectors, such as publishing.
