The official Argentine peso continued its downward trend on Wednesday, April 29, 2026, falling below the 1,400 peso mark against the U.S. Dollar. This movement reflects ongoing pressures in the foreign exchange market, impacting both official and unofficial rates.
The peso closed at 1,415 pesos per dollar, a decrease from previous levels, according to recent reports. The “blue” dollar, a rate reflecting informal trading, remained relatively stable in San Miguel de Tucumán, trading at 1,400 pesos for purchases and 1,428 pesos for sales. This disparity between official and unofficial rates continues to be a key indicator of economic sentiment.
Several financial institutions showed minor fluctuations in their exchange rates. InfoDolar reported an average of 1,377.3 pesos for purchases and 1,427.96 pesos for sales. Other institutions, including Plus Cambio, Banco Hipotecario, Tienda Dólar, Plaza Cambio, BBVA Banco Francés, Banco Nación, Banco Columbia, ICBC, Banco Supervielle, Montevideo Cambio, and Fiwind, all exhibited slight variations in their buying and selling prices.
The decline in the official exchange rate comes amid reports of significant dollar reserves being sold by the Central Bank. Página|12 reported a substantial decrease in dollar reserves, adding to concerns about the country’s financial stability.
In Tucumán province, the dollar experienced a similar trend, falling by 15 pesos on Wednesday. La Gaceta reported that the dollar was being sold at 1,415 pesos.
Despite the recent decline, analysts suggest the market remains cautious, with financial entities continuing to adjust their strategies in response to changing market dynamics. The situation highlights the ongoing challenges facing the Argentine economy and the continued volatility of its currency. Infobae noted that the dollar had moved past the upper limit of the official exchange rate band.
