Argentina's informal dollar rate, known as the blue dollar, traded at a narrow premium to the official rate on Wednesday, reflecting a temporary easing of pressure on the peso.
The official exchange rate was set at 1,450 pesos for purchase and 1,500 for sale in banking entities.
Meanwhile, the blue dollar was quoted at 1,495 for purchase and 1,515 for sale, according to local market data from Clarín.
The convergence of the two rates marks a notable shift in Argentina's fragmented currency market.
Historically, the blue dollar has traded at a significant premium to the official rate, serving as a barometer for investor confidence and the effectiveness of capital controls.
A narrowing spread suggests that market participants are perceiving less immediate risk of devaluation or that arbitrage opportunities are being exploited more efficiently.