Trading Economics data shows that the Argentine peso continues to face significant pressure against the US dollar on Wednesday. The official exchange rate stands at AR$1,060 per dollar, while the unofficial blue dollar trades at AR$1,210, Argentine media reported.
This creates a 14.2% gap between the official and parallel markets. The Argentine peso is trading at 0.00093842 against the dollar today, showing minimal gains of 0.01% compared to yesterday.
Technical indicators are confirming a long-term downward bias, with the peso trading above the 50-day moving average (1053.67) and the 200-day moving average (1005.69). The 14-day RSI is at 61.68, suggesting continued bullish momentum for the dollar.
Over the past 12 months, the peso has lost 20.52% of its value against the US dollar. Analysts forecast the USD/ARS exchange rate to reach 1,065.82 by the end of this quarter and 1,068.69 within one year.
This forecast is consistent with Argentina’s ongoing economic problems despite recent stabilisation efforts. The country’s economic recovery now depends on maintaining fiscal discipline and attracting external capital.
Local investors have led the recent rally in Argentine assets, especially bonds and equities. Foreign investors remain cautious due to past negative experiences in the Argentine market.
Argentine bonds have great upside potential
Experts highlight Argentine sovereign bonds as a key investment opportunity for 2025. Despite the positive momentum, these bonds could still rise in price if the country restores market access.
The outlook for equities requires a more selective approach after their exceptionally strong performance. Argentina continues to struggle to accumulate sufficient international reserves.
Market observers believe that reaching a lasting agreement with the International Monetary Fund would be a decisive step forward. A gradual loosening of exchange rate policy could also help boost confidence in Argentina’s balance of payments sustainability.
Broader financial markets are showing strong momentum, with US-listed ETFs recording net inflows of $111.5bn in February. Equity ETFs attracted $65.6bn and fixed income ETFs attracted $39.7bn over the same period.
