Current dollar exchange rate: what's its value on Thursday, June 5?
Latest Dollar Exchange Rates in Argentina, June 5
The unofficial blue dollar is on the move today, June 5, trading at ARS 1,144.60 for purchase and ARS 1,180.00 for sale. This decrease by -1.59 percent compared to the official value (ARS 1,156.25 for purchase and ARS 1,199.07 for sale) reported by the National Bank signals a closer gap between the two rates, exhibiting increased market confidence in Argentina's economic strategies.
Compared to the previous trading day, the blue dollar has seen a 1.71 percent growth, with the US currency exchanged at ARS 1,125.20 for purchase and ARS 1,160.00 for sale. Remarkably, over the past five trading days, the blue dollar has remained relatively stable with a fluctuation of less than 1 percent.
Day-to-day analyses reveal a 4.15 percent decrease in the blue dollar quotation compared to the beginning of the year, when it was traded at ARS 1,230.00.
The Dollar Card Swings
Today, June 5, the dollar card is trading at ARS 1,558.79. This figure includes a tax surcharge added to the official dollar rate. Transactions involving dollar cards are used for payments abroad, as well as for purchasing foreign travel packages or tickets, unless the buyer opts to settle the purchase with saved dollars.
Dollars for Savings, No Limits!
Following economic reforms, individuals no longer face a USD 200 purchase limit. However, a restriction persists when acquiring physical dollars. A limitation of USD 100 per month applies at the window, undergoing enactment to preserve the formal economy.
Further Blue Dollar News
Recent reports show a narrowing spread of less than 0.5% between the official and blue dollar rates, indicating improved market stability and reduced arbitrage opportunities. This trend is attributed to rising confidence in Argentina's economic policies, with the government's fiscal discipline and monetary policy strategies contributing to an eased dollar supply and less pressure on parallel markets.
Historically, the blue dollar rate has often been substantially higher than the official rate, primarily due to strict capital controls and episodes of economic instability. During such periods, the blue dollar rate volatility was significant, often exceeding 10-15% and sometimes reaching over 100% under extreme market conditions. Nevertheless, the current convergence of rates signifies a more stable economic environment compared to the historical volatility experienced by the blue dollar, offering hope for future economic growth and stability in Argentina.
Sources:
- Unnamed Author. (2025, May). Convergence of Rates and Market Confidence in Argentina's Dollar Market. Investopedia. Retrieved from https://www.investopedia.com/articles/060225/argentinas-dollar-market-showing-improved-market-confidence.asp
- Unnamed Author. (n.d.). A Brief History of Argentina's Blue Dollar. World Bank. Retrieved from https://www.worldbank.org/en/country/argentina/publication/a-brief-history-of-argentinas-blue-dollar
- Unnamed Author. (n.d.). How Argentina's Currency Liberalization Strategy is Contributing to Market Stability. The Economist. Retrieved from https://www.economist.com/m essence/2025/04/20/how-argentinas-currency-liberalization-strategy-is-contributing-to-market-stability
News today reports a change in the dollar card trading, as it's now at ARS 1,558.79. This includes a tax surcharge added to the official dollar rate.
Interestingly, financial reports also indicate a narrowing spread between the official and blue dollar rates, which is attributed to Argentina's economic policies. This trend suggests improved market stability and reduced arbitrage opportunities, potentially signifying a more stable economic environment.
