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Argentina··3 min read·

Euro Holds at 1,680 Pesos as Argentina's Inflation Pressures Mount

The European currency trades at 1,680 for purchase and 1,780 for sale at Banco Nación, while wholesale inflation climbs to 3.2%

Euro Holds at 1,680 Pesos as Argentina's Inflation Pressures Mount
Image: Jan Tang / Pexels — pexels

The euro's stability against the peso matters for Argentines who save in foreign currency, travel abroad or make international payments, especially as wholesale inflation rose to 3.2% in September and the country risk neared 700 points.

Euro Rate at Banco Nación This Thursday

The euro is trading this Thursday, October 22, 2026, at 1,680 pesos for purchase and 1,780 pesos for sale, according to the exchange rate table published by Banco Nación Argentina. As a reference, 100 euros are equivalent to 168,000 Argentine pesos, while 1,000 euros represent 1,680,000 pesos. The European currency is one of the main benchmarks for savers, travelers and people who make payments, transfers or purchases abroad.[S1]

The euro's quotation can change during the trading day. For that reason, before carrying out any operation, it is advisable to check the updated value at banks, exchange houses, virtual wallets or official sources of the foreign exchange market. The rate published by Banco Nación serves as a reference for formal operations, but it is not the only quotation available to users.[S1]

Official, Blue and Card Euro: What Each One Means

In Argentina, different euro quotations can be found. The official euro is the value reported by banks and financial entities and is usually used as a reference for formal operations. The blue euro is the quotation of the European currency in the informal market and can show a significant difference from the official value. The card euro is the value applied to euro consumption made with credit or debit cards abroad, including current taxes and perceptions.[S1]

For this reason, before buying euros or making an international payment, it is convenient to verify which type of exchange rate will be applied in each case. The choice between official, blue or card rates can substantially affect the final cost of an operation, depending on the channel used and the destination of the funds.[S1]

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Euro Against the Dollar and Year-to-Date Performance

In the international market, 1 euro is equivalent to 1.08 dollars, while 1 dollar equals 0.93 euros. This relationship, known as the euro-dollar parity, allows tracking the evolution of the European currency against the US dollar. So far in 2026, the euro accumulates a variation of +0.00%, going from 1,680 to the current 1,680 pesos.[S1]

Meanwhile, the official retail dollar trades at 1,495 for purchase and 1,545 for sale at Banco Nación this Thursday, while the blue dollar operates at 1,545 for purchase and 1,565 for sale. The wholesale dollar, regulated by the Central Bank, is sold at 1,526, and the tourist or card dollar, which includes a 30% advance on income tax, operates at 2,008.50. The financial dollars show the Contado con Liquidación at 1,636.52 and the MEP or Bolsa dollar at 1,547.78.[S2]

Inflation and Country Risk in the Background

The National Institute of Statistics and Censuses reported that wholesale inflation in September rose again and stood at 3.2%, well above the 2.1% of the previous month. The official data contradict the government discourse of President Javier Milei, who on his new trip to the United States stated that the country was taming inflation. The country risk, meanwhile, approached 700 points and reached its highest level of the year.[S2]

Within the framework of the Annual Meetings of the IMF and the World Bank in Thailand, Economy Minister Luis Caputo defended the direction of the libertarian administration and affirmed that Argentina has a dollar surplus capitalized by the Central Bank's daily purchases. These statements come amid pressure on prices and on the exchange rate front, where the different dollar quotations show gaps that savers and operators monitor closely.[S2]

Sources: Clarin · C5N
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    Topics
    europesoBanco NacióninflationArgentina
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