Current Dollar Value: What was the exchange rate for the US dollar on June 30?
In Argentina, the exchange rates for the US dollar have seen significant changes in recent times. As of late June 2025, the official exchange rate is hovering around 1,200 Argentine pesos per US dollar, while the blue dollar rate, the informal parallel market rate, ranges around 1,180 to 1,200 pesos per US dollar.
Over the past five business days, the blue dollar rate has experienced some surges, while the official rate has remained relatively stable. In early June 2025, the official rate was around 1,008 pesos, and the blue dollar was about 1,180 pesos, indicating a typical premium of roughly 15-20% over the official rate. By late June, this gap narrowed somewhat as the blue dollar rate approached the official rate, hovering close to parity on certain days.
The evolution of the exchange rates reflects government efforts to stabilise the currency market and reduce arbitrage opportunities. Compared to the last business day, the official dollar is 1.09 percent higher, with the US currency traded at $1160.11 for purchase and $1204.62 for sale. The MEP dollar, or "Bolsa", is quoted at $1197.54 on June 30, 2023, with a fluctuation of less than 1% compared to the last business day. The CCL dollar, or "contado con liquidación", is quoted at $1215.33 on June 30, 2023, with a stability compared to the last day.
The tourist dollar is quoted at $1583.23 on June 30, 2023. It's important to note that the tourist dollar is determined by adding a 30% advance on the payment of income tax to the official price of the US currency. The Central Bank trades each dollar for $1188.00 on June 30, 2023, with a movement of less than 1% compared to the last day.
Exchange rate controls ended on April 14, 2025, and a new floating band scheme was implemented, ranging from $1000 to $1400 with a monthly update of 1%. Individuals can now buy dollars without the previous restriction of US$200 under the new scheme, but the purchase of cash dollars at the counter is limited to US$100 per month.
For further information, you can visit the National Bank's website. It is worth mentioning that the value of the dollar at the National Bank is currently the lowest in the market at $1215.00, while a private entity like the Bank of Galicia shows the dollar at $1199.50.
This evolution in the exchange rates is a notable change from previous periods when the blue dollar commanded a significant premium. The gap has both narrowed and fluctuated slightly over the past five business days as market dynamics respond to economic policies and interventions.
News in Argentina's banking-and-insurance industry suggests that the finance sector is closely monitoring the evolving exchange rates, particularly the blue dollar rate, which has seen some surges but remains relatively close to parity with the official rate. Despite this, the tourist dollar continues to command a significant premium, reflecting the 30% advance on income tax added to its exchange rate.
