Today's dollar value: what's the exchange rate on June 27th?
Buck Buck Buck! Here's the Latest Dollar Exchange Rate in Argentina
Welcome back, buckaroo! As of today, June 27, the official greenback's exchange rate stands at $1160.11 for acquisition and $1204.62 for conversion, according to the Central Bank’s average calculated among different financial institutions. This sets it 10.38 pesos under the blue dollar, which ranges from $1178.55 for purchase to $1215.00 for sale. That's an exchange rate gap of approximately 0.86%.
Remember, as of April 14, 2025, exchange rate controls are a thing of the past. In its place, a new floating band scheme has been introduced, ranging from $1000 to $1400, adjusting 1% every month based on supply and demand. So, folks can buy their dollars freely, no more restrictions of US$200, though there's still a US$100 per month cap on cash dollar purchases at the window to safeguard the formal economy.
Now, let's see how the big dogs, the National Bank and Bank of Galicia, are weighing in on the dollar's value. The National Bank sets it at $1205.00, while the Bank of Galicia shows it at $1199.50.
Interestingly enough, on the previous business day, we witnessed the US currency trading at similar values: $1165.57 for acquisition and $1209.78 for conversion.
The past five business days have seen an upward trend for the official dollar, noting a 2.05% increase. Previously, its value was $1136.23 for acquisition and $1180.19 for conversion.
Let's Check Out the Euro's Quotation in Argentina
In the first days of the year, the official dollar quotation showed $1061.83. Quick math reveals a whopping 12.60% increase compared to the current rate.
Tourist Dollar Quotation, June 27
Despite the exchange rate control's demise, payments for foreign products and services remain unchanged. This USD, known as the tourist dollar or card, is trading at $1566.01. This price stems from a 30% advance on the Personal Assets Tax payment added to the official US currency price.
MEP Dollar, Banque Galicia
Today, the MEP dollar, also known as "Bolsa," is quoted at $1199.28. This value displays a fluctuation of less than 1% compared to the last business day. The MEP dollar's quotation is defined based on the AL30 bond's quotation, which is obtained through the purchase and sale of financial assets quoted in pesos and dollars.
CCL Dollar or "Contado con liquidación"
On June 27, the CCL dollar, or "contado con liquidación," is quoted at $1202.03, indicating a stable value compared to the last business day.
Last but not least, the Central Bank charges $1189.00 for each dollar it trades. This value aligns with last business day's price, showing a movement of less than 1%.
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With the recent increase in the official dollar's value, investors might want to reconsider their personal-finance strategies regarding their investing in Argentine business. Despite the exchange rate control's demise, the tourist dollar remains significantly higher than the official dollar, making foreign products and services costlier. On the other hand, the latest news shows that the Euro's quotation in Argentina has seen a substantial increase compared to the beginning of the year.
