After lying dormant through the first half of the year, the dollar — that great Argentine obsession — woke up in June, climbing more than 5% over the month to its highest level since October 2025.
On June 30, the U.S. currency rose to 1,482 pesos on the wholesale market — the one available to large companies, financial institutions and banks — a monthly increase of 5.3%.
In the retail segment, the rise was slightly smaller, at 4.9%, closing June at 1,500 pesos, according to the rate quoted by Banco Nación, Argentina’s largest public bank.
The blue dollar — the rate sold on the informal market — rose 6%, to 1,515 pesos on the sell side.
These increases mark a significant shift from the first five months of the year, when the dollar traded between 1,350 and 1,450 pesos.
