Argentines shift focus to peso rates amid stable dollar

Sebastián Waisgold explained that with a stable dollar and falling rates Argentine savers are seeking alternatives to protect purchasing power against inflation.

In an economic context different from recent years the behavior of Argentine savers is beginning to change. Investment adviser Sebastián Waisgold noted that the focus is no longer solely on buying dollars but on finding instruments that sustain the value of money.

Waisgold highlighted that Lecaps and money market funds in virtual wallets offer returns above fixed-term deposits which range between 18 and 21 percent annually. He recommended comparing rates on platforms such as Naranja X Wallah Brubank and Mercado Pago.

For longer terms interest is growing in dollarized assets corporate bonds and Cedears. The specialist warned that the blue dollar is not a way to save but to lose little and that inflation in the United States also erodes those savings.

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Argentine bank exterior showing dollar and euro exchange rates display on February 26.
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Dollar and euro rates on Thursday February 26

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Argentine banks published the official dollar rates and other variants without exchange restrictions on Thursday February 26. The card dollar maintains a 30% surcharge for overseas expenses. Euro prices in banks were also reported.

Argentina's central bank cut short-term reference rates to 20% this month, below inflation levels, to capitalize on dollar inflows and rebuild hard currency reserves. President Javier Milei's government aims to boost economic growth amid slowdown signals. Analysts note concerns over peso stability impacts.

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On Monday, March 9, exchange rates for the official dollar, blue, wholesale, MEP, CCL, and crypto were reported in Argentina, where there are no restrictions on buying currencies in banks since April.

Argentine assets came under pressure on Friday, May 15, as country risk rose 2.5 percent to 538 basis points. The S&P Merval fell 1.4 percent in pesos and most ADRs closed in the red.

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