This Monday, the exchange market operated with moderate volume in the spot market, in line with the typical foreign trade activity for this time of year, and recorded a decline in dollar quotes for the fifth consecutive session.
With a traded amount of USD 353.6 million in the spot segment, the wholesale exchange rate closed at $1,387, its lowest value since October 15. During the session, the official dollar fell by 16 pesos (1.1%), while so far in November it has accumulated a drop of 58 pesos, equivalent to 4%.
Javier Milei, presidente de los argentinos.
The exchange rate band scheme established by the Central Bank set for this Monday a ceiling of $1,504.48 (117.48 pesos above the wholesale rate, or 8.5%) and a floor of $929.88.
The retail dollar also registered a decline, closing ten pesos (0.7%) lower, at $1,415 for sale, according to the quote from Banco Nación. For the month, it has accumulated a decrease of 50 pesos or 4.1%. Meanwhile, BCRA indicated that the average retail dollar in banks was $1,422.09 for sale and $1,371.20 for purchase.
Javier Milei y ''Toto" Caputo.
Meanwhile, financial dollars remain the highest. The "contado con liquidación" operated with bonds reached $1,485 (-0.5%) this afternoon, while the MEP stood at $1,445 (-0.6%). After trading at $1,425 in the early hours of the day, the blue dollar closed at $1,435 for sale, an increase of five pesos compared to Friday.
The dollar's decline was also reflected in the futures market, where decreases of between 0.9% and 0.8% placed all contracts below the upper limit of the exchange rate band. With operations equivalent to almost USD 1,000 million, the end-of-November contract settled at $1,394, a decrease of 21 pesos or 1.5%. For June 2025, futures were trading at $1,603, compared to a projected band ceiling of $1,625 for the end of the first half of next year.
