Helping businesses navigate Argentina’s currency controls with confidence.
Understanding the Challenge
Since 2011, Argentina’s capital controls have made it difficult for companies to move money in and out of the country. Foreign exchange restrictions limit currency conversions and increase exposure to devaluation risk. Many businesses are left with trapped pesos and limited access to U.S. dollars.
Cash Management Group at Canaccord Genuity is a trusted leader in cross-border treasury services. Our team has deep experience helping clients in Argentina manage risk, repatriate funds, and optimize returns through compliant, cost-effective strategies.
Strategic FX Solutions
We help businesses in both directions:
Northbound: Convert trapped pesos into USD and transfer funds out of Argentina.
Southbound: Maximize peso value when transferring funds into Argentina.
Our team leverages the Blue Chip Swap, a powerful and efficient way to move funds by purchasing and selling internationally traded assets. In many cases, this rate exceeds the official FX rate by 30%–100%, providing a significant financial advantage.
What is the Blue Chip Swap?
The Blue Chip Swap is a method where companies purchase publicly traded securities (often from large blue-chip companies) using pesos in Argentina and sell them abroad to receive U.S. dollars. This arbitrage takes advantage of exchange rate differences between official and parallel markets.
Depending on market conditions, the swap rate has exceeded the official exchange rate by up to 100%, with average spreads ranging from 30% to 60%.
It’s among the only viable tools for repatriating funds, paying dividends, or meeting foreign debt obligations in the current financial climate.
Our Team Can Help With:
Funding operations in Argentina
Managing exposure in Argentina
Hedging and investing excess cash
Navigating FX and market regulations
Structuring for tax efficiency
We provide our services to international clients in Canada, USA, Australia, UK, and Europe.
