Trading Economics data reveals the Argentine peso continues to face significant pressure against the US dollar on March 12, 2025. The official exchange rate stands at AR$1060 per dollar while the informal “blue dollar” trades at AR$1210. This creates a 14.2% gap between official and parallel markets. Technical indicators confirm the long-term depreciation trend with the peso trading well above both its 50-day moving average (1053.67) and 200-day moving average (1005.69). The 14-day RSI stands at 61.68, suggesting continued bullish momentum for the dollar.
March 12, 2025
SOURCE: RIO TIMES
Argentine Peso Maintains Gap as Dollar Pressure Continues