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What do my dollars buy? · USD/ARS
Just want to convert dollars to pesos? Use the converter: Dollars to pesos.
A saved dollar is still a dollar. Compare its purchasing power without selecting an exchange-rate type.
The price and quote series on this page are current as of 08/11/2026, 22:02 (UTC-03:00); each observation keeps the real month from its source.
Break-even against dollar inflation
Using US CPI-U (CPIAUCNS, BLS via FRED).
To keep your purchasing power, your US$ 1.000,00 from 01/2019 would have to be US$ 1.338,59 today (+3,9% a year).
They beat that threshold: S&P 500 (price only), Gold (COMEX future), Bitcoin, Ethereum.
They missed it: Official peso (A 3500), Rolled peso time deposit, 3-month US Treasury bills, Dollar index (DXY), Euro, Brazilian real, Yen, Pound sterling, Yuan.
Historical comparison
-25,3% of purchasing power between 01/2019 and 09/2026. The original US$ 1.000,00 buy what US$ 747,05 bought in the starting month.
Your dollars lost 25,3% of purchasing power since 01/2019. Source: The US dollar against inflation, currencies and gold
See the full history in The dollar against
Same period and, if an asset is selected, the same asset.
Nominal is the value in today’s dollars. Purchasing power states that value in dollars of the month you started, using the same CPI-U.
| Option | Result in USD | Change | Annualized (compound) |
|---|---|---|---|
| Dollars saved | US$ 1.000,00 | 0,0% | 0,0% |
| Dollars: purchasing power | US$ 747,05 | -25,3% | -3,7% |
| Official peso (A 3500) | US$ 24,17 | -97,6% | -37,8% |
| Renewed peso term deposit | US$ 848,38 | -15,2% | -2,1% |
| US Treasury bills, 3 months | US$ 1.241,68 | +24,2% | +2,8% |
| S&P 500 (price only) | US$ 2.807,74 | +180,8% | +14,1% |
| Merval in USD at CCL | Merval in USD via CCL: the series does not cover the whole period (it runs from 07/2026 to 10/2026). Missing months are not invented. | — | — |
| Gold (COMEX futures) | US$ 3.111,46 | +211,1% | +15,6% |
| Bitcoin | US$ 21.759,23 | +2.075,9% | +48,2% |
| Ethereum | US$ 20.033,16 | +1.903,3% | +46,6% |
| US Dollar Index (DXY) | US$ 935,22 | -6,5% | -0,9% |
| Euro | US$ 965,14 | -3,5% | -0,5% |
| Brazilian real | US$ 645,85 | -35,4% | -5,4% |
| Yen | US$ 680,89 | -31,9% | -4,8% |
| Pound sterling | US$ 1.008,08 | +0,8% | +0,1% |
| Yuan | US$ 1.004,26 | +0,4% | +0,1% |
Your dollars in purchasing power
How the purchasing power of your dollars moved, month by month, using US CPI-U.
Purchasing power by month (%)
- Dollars: purchasing power
The latest published observation is 09/2026. The US dollar against inflation, currencies and assets
Compared with the other options
The same series as The dollar against, plus the time deposit and bills, with base 100 in the month you started.
Options in USD, base 100 and a logarithmic scale
- Dollars saved
- Dollars: purchasing power
- US Treasury bills, 3 months
- S&P 500 (price only)
- Gold (COMEX futures)
- US Dollar Index (DXY)
Gold and Bitcoin: Yahoo Finance. S&P 500: FRED (SP500), price only, without dividends. DXY: ICE via Yahoo. Currencies and the official peso: BCRA, Communication A 3500.
In concrete terms
How much those dollars bought in milk or gasoline in the US, and — if data exist — in pesos, at the starting month and now.
At the start, US$ 1.000,00 equaled $ 37.350,00 at the 01/2019 reference rate. Local cash is kept in nominal terms, without assuming local inflation.
With US$ 1.000,00, Whole milk: 343 gallons in 01/2019; 244 gallons in 09/2026. With US$ 1.000,00, Regular gasoline: 437 gallons in 01/2019; 223 gallons in 09/2026. One gallon equals 3,79 liters; US BLS averages.
To keep the local purchasing power of $ 37.350,00, INDEC CPI requires $ 2.458.692,76 as of 09/2026. The simulated time deposit yields $ 1.277.921,62.
Indicative equivalent in ARS
Each value uses the buying quote where available; a reference does not guarantee what you receive. Every quote retains its actual date. Failed requests keep the dated cache, which may not be from today.
| Option | Rate side used | Indicative equivalent in ARS | Final observation |
|---|---|---|---|
| Official USD (Banco Nación) | Retail board; confirm terms with the institution · Buy | $ 1.520.000,00 | |
| Blue USD (informal) | Unregulated informal market; legal and operational risks · Buy | $ 1.550.000,00 | |
| MEP USD (securities) | Market reference; fees and differences may apply when trading · Buy | $ 1.576.400,00 | |
| CCL USD | Market reference; fees and differences may apply when trading · Buy | $ 1.670.900,00 | |
| Wholesale USD reference | Reference; not a retail offer · Buy | $ 1.538.000,00 | |
| Crypto USD (USDT) | USDT/USDC: not cash dollars or a bank deposit · Buy | $ 1.664.880,00 |
Forward scenarios based on history
Scenarios for US$ 1.000,00 over 10 years: typical S&P 500 US$ 2.828,84, equal to US$ 2.146,02 of starting purchasing power. Cash dollars: US$ 758,62 of starting purchasing power. This is not a forecast.
Nominal is the value in today’s dollars. Purchasing power states that value in dollars of the month you started, using the same CPI-U.
| Option | Poor (p10) | Typical (p50) | Good (p90) |
|---|---|---|---|
| S&P 500 (price only) 89 windows of 10 years, 1928–2025. | US$ 1.366,08 | US$ 2.828,84 | US$ 4.756,34 |
| US Treasury bonds, 10 years 89 windows of 10 years, 1928–2025. | US$ 1.209,70 | US$ 1.471,87 | US$ 2.590,32 |
| Gold (COMEX futures) 46 windows of 10 years, 1971–2025. | US$ 726,21 | US$ 1.599,82 | US$ 4.954,79 |
| Renewed peso term deposit 70 windows of 10 years, 01/2011–10/2026. | US$ 281,64 | US$ 434,46 | US$ 655,09 |
| Dollars saved 89 windows of 10 years, 1928–2025. | US$ 1.000,00 | US$ 1.000,00 | US$ 1.000,00 |
Poor, typical and good are the 10/50/90 percentiles of 10-year historical windows. Real value deducts median US inflation (2,80% a year); for cash, the order of its inflation percentiles is reversed. The windows overlap: they are not independent probabilities or guaranteed bounds.
Time deposit: 70 of 70 windows ended with fewer nominal US dollars.
- S&P 500 (price only)
- US Treasury bonds, 10 years
- Gold (COMEX futures)
- Renewed peso term deposit
- Dollars saved
The hypothetical scenarios use a historical sample cached on 17/10/2026, 18:01 (UTC-03:00), which is not the same date as the series above; each row gives the sample’s dates.
Hypothetical yearly trend in starting purchasing power
Assumes the same typical rate each year; bad/good S&P 500 scenarios are dashed. This does not reproduce an actual investment path.
- S&P 500 (price only)
- US Treasury bonds, 10 years
- Gold (COMEX futures)
- Renewed peso term deposit
- Dollars saved
- Bad (p10) · S&P 500 (price only)
- Good (p90) · S&P 500 (price only)
Methodology and limitations
We use only observations that exist for the selected month and for each series. Each row has its own end month; they are not necessarily identical periods. US inflation is deducted through the latest available CPI-U. “Per year” uses calendar months and only appears from 12 months. It does not include taxes, fees or custody costs. This is not investment advice.
Pesos are converted at the last blue dollar observed in each month, not at today’s retail sell rate. The time deposit uses the BCRA 30-day TNA rolled monthly: only a month actually in progress is prorated; if a monthly rate is missing, the comparison is not available. Merval is converted at that same month’s CCL rate.
Past performance does not guarantee future results. Cryptocurrencies are highly volatile.
We exclude Buenos Aires property prices without a verifiable public monthly series, the Big Mac index without clear licensing, and USD term deposits without a reliable public series.
S&P 500 and 10-year bonds: annual total returns from Aswath Damodaran (NYU Stern), with dividends and coupons/price change respectively. Gold uses that same source from 1971, not Bretton Woods official prices. For cash, CPI-U from December to December. The time deposit uses monthly rolling windows since 2011 against the official dollar (Com. A 3500): a short, heavily overlapping sample with sharp devaluations; 20 years is not enough.
Series used and available coverage
| Option | Series used and available coverage | Sources for this page | Understanding these exchange rates |
|---|---|---|---|
| Blue USD (informal) | From 01/2011 to 11/2026; 191 observations. | api.argentinadatos.com | Last selling observation of each month. Not an executable retail price. |
| MEP dollar | From 10/2018 to 11/2026; 98 observations. | api.argentinadatos.com | Last selling observation of each month. Not an executable retail price. |
| CCL USD | From 01/2013 to 11/2026; 167 observations. | api.argentinadatos.com | Last selling observation of each month. Not an executable retail price. |
| Argentina CPI (INDEC) | From 01/2011 to 09/2026; 189 observations. | api.argentinadatos.com | Chained monthly INDEC inflation index, December 2010 = 100 as the base. |
| Renewed peso term deposit | From 01/2011 to 11/2026; 191 observations. | api.bcra.gob.ar | Monthly average BCRA TNA for 30-day time deposits; it is not a guaranteed rate for any particular account. |
| CPI-U, not seasonally adjusted (CPIAUCNS) | From 01/2011 to 09/2026; 188 observations. | fred.stlouisfed.org | BLS CPI-U, not seasonally adjusted: CPIAUCNS, the same series used by The dollar vs. |
| US Treasury bills, 3 months | From 01/2011 to 11/2026; 191 observations. | fred.stlouisfed.org | Index of 3-month bills rolled monthly at the previous month’s TB3MS rate, without taxes or fees. |
| Ethereum | From 11/2017 to 11/2026; 109 observations. | finance.yahoo.com | ETH-USD price from Yahoo Finance; coverage from November 2017. |
| Whole milk | From 01/2011 to 09/2026; 188 observations. | fred.stlouisfed.org | BLS city average in the US, USD per 3,79-liter gallon. |
| Regular gasoline | From 01/2011 to 09/2026; 189 observations. | fred.stlouisfed.org | BLS city average in the US, USD per 3,79-liter gallon. |
| S&P 500 (price only) | From 11/2016 to 11/2026; 121 observations. | fred.stlouisfed.org | S&P Dow Jones Indices via FRED (SP500): closing price index, without dividends. The public CSV covers roughly the last ten years; it is not spliced with the total-return series. |
| Gold (COMEX futures) | From 01/2011 to 11/2026; 191 observations. | finance.yahoo.com | Nearest COMEX gold futures contract, USD per ounce: a spot proxy, not a cost-free physical purchase. |
| Bitcoin | From 09/2014 to 11/2026; 147 observations. | finance.yahoo.com | BTC-USD price from Yahoo Finance; coverage from September 2014. |
| Merval in USD at CCL | From 07/2026 to 10/2026; 4 observations. | finance.yahoo.com | Merval in pesos, converted at the same month’s CCL rate; no calculation without matching observations. |
| US Dollar Index (DXY) | From 01/2011 to 11/2026; 191 observations. | finance.yahoo.com | ICE U.S. Dollar Index (DX-Y.NYB) via Yahoo Finance; last close of each month. |
| Official peso (A 3500) | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
| Euro | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
| Brazilian real | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
| Yen | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
| Pound sterling | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
| Yuan | From 01/2016 to 11/2026; 131 observations. | www.bcra.gob.ar | Last selling observation of each month. Not an executable retail price. |
The US dollar against inflation, currencies and assets
Frequently asked questions
Are these results an investment promise?
No. These are comparisons using dated historical observations, excluding taxes and fees. Sources may lag and series have different coverage.
Notices and app of Dólar Claro
Alerts: if you turn them on, we send you a notification (even with the page closed) when a dollar rate you follow, the blue by default, moves 2% or more against the previous close or hits a record, at most once a day per rate. No account or email.