Blue Chip Swap Rate Reaches 100 Pesos/US Dollar

Today, we saw the biggest one-day jump in the Blue Chip Swap rate since the trade became economical in August of last year. The Blue Chip Swap rate reached over 100 Argentine Pesos per US Dollar, and the spread between the Blue Chip Swap rate and the official rate of exchange reached 71%.

Blue Chip Swap Rate, 2019-Present

Source: Bloomberg, April 14th

The Blue Chip Swap is a safe, efficient way to transfer funds between Argentina and the rest of the world. The financial advantages are significant, and the process avoids difficulties involved with funding operations in Argentina or repatriating funds from Argentina.

If you have operations in Argentina, now is the time to act. Contact our team for more information on our services.

Disclaimer: Canaccord Genuity Corp. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Canadian Investor Protection Fund (CIPF). The comments and opinions expressed in this commentary are solely the work of the Cash Management Group and Andrew Johns.