Dollar blue closes steady at $1525 ahead of elections

The dollar blue closed on Friday, October 24, 2025, at $1505 for buying and $1525 for selling, remaining stable ahead of the October 26 legislative elections. The official dollar at Banco Nación stood at $1465 for buying and $1515 for selling, while the Central Bank's reserves rose by 223 million dollars to 41.211 million. Markets showed mixed results, with gains in Argentine stocks on Wall Street.

In Argentina's foreign exchange market, the dollar blue ended the day on Friday, October 24, 2025, without significant changes, quoting at $1505 for buying and $1525 for selling, according to reports from Perfil and Canal E. This stability occurs amid uncertainty ahead of the October 26 legislative elections, where investors seek refuge in currencies due to economic volatility.

The official dollar, regulated by the Central Bank, closed at Banco de la Nación Argentina at $1465 for buying and $1515 for selling, with a slight increase of $10 from the previous day, per Perfil. The average retail rate in banks was $1518.06, while the wholesale rate ended at $1489. There were no Central Bank interventions in the market, and international reserves rose by 223 million dollars to 41.211 million.

Other quotes include the MEP dollar at $1549.44 for selling, the contado con liquidación (CCL) at $1567.21, and the crypto dollar at $1573 on average. The card dollar, with taxes, stood at $1969.50. For the euro, the official rate closed at $1680 for buying and $1780 for selling, and the blue at $1734.32 for buying and $1735.20 for selling, down $117 from Thursday.

On Wall Street, Argentine ADRs showed gains led by Telecom (+3.5%) and Edenor (+3.1%), though dollar bonds fell, with AL29D down 1.8%. The country risk stood at 1081 basis points. Economists like Christian Buteler noted that U.S. Treasury interventions kept the exchange rate within bands but did not change market expectations about their post-election sustainability.

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