The dollar fell again and reached the lowest price in the past 30 days.
Javier Milei and Luis Caputo
porEditorial Team
Argentina
The wholesale exchange rate closed at its lowest value since October 15
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.