Good morning. Your LatAm expat nomad daily guide opens on a second day of airport chaos in Buenos Aires, a continuing peso crawl in Argentina and a cautious reopening in Colombia’s coffee region.

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01 Argentine Markets: The Peso Crawl Continues

Argentina is still the dominant story. The wholesale peso closed Tuesday at 1,512 per US dollar, up five pesos from Monday’s first-ever break above 1,500 and its fourth consecutive daily nominal record. The move is small in percentage terms — about 0.3 percent — but the direction is unmistakable. The retail official rate went to 1,530, the blue held steady at 1,560 and the contado con liquidación sat around 1,600.

The Buenos Aires stock market defended the 3 million line. The S&P Merval rose 0.8 percent to 3,009,029 points, its third straight session of gains, after dipping below the 3 million mark intraday. Utilities led: Transener jumped 5.8 percent and Transportadora de Gas del Norte rose 3.3 percent. Bank Supervielle added 2.9 percent.

YPF was the outlier, falling 2.1 percent after a fatal accident at its Rincón del Mangrullo block in the Vaca Muerta shale formation. The state oil firm is the heaviest weight in the index, so its drop dragged even as the broader board rose.

Country risk — the premium investors demand over US Treasuries to hold Argentine paper — was last published at 509 basis points on Monday 24 August, up from 505 on Friday 21 August. The widening through the month reflects bond-market nervousness about the fiscal path even as the crawling peg continues.

What it means for you. If you are paid in dollars and living in Buenos Aires, the slow peso erosion is steadily increasing your purchasing power in local-currency terms. The wholesale rate is what matters for most large transactions; at 1,512, a US$1,000 transfer buys roughly ARS 1,512,000 at the wholesale window, against ARS 1,560,000 on the blue. The gap has narrowed to about 3 percent, the tightest in months.

02 Cost of Living & Money

Brazil. The Ibovespa jumped 1.55 percent to 174,577 on Tuesday, helped by expectations that Wednesday’s IPCA-15 inflation preview will be soft. The central bank cut the Selic to 14.00 percent in August and the market is debating whether one more quarter-point ease is coming at the September 15–16 Copom meeting. A soft core services reading today would strengthen that case. The IPCA-15 print lands at 9 a.m. Brasília time.

Chile. The peso barely moved at 913.30 per dollar while the S&P IPSA fell 0.8 percent to 11,451, dragged down by lithium producer SQM-B dropping 4.1 percent on talk of a major Chinese mine restarting. Copper — the traditional anchor — was not the driver. The index remains about 1.5 percent below its record high near 11,628.

Mexico. The peso firmed to 16.9460 on the FIX after weakening to 16.9647 on Monday’s inflation print. The S&P/BMV IPC rose 0.79 percent to 66,293, back above the 66,000 level. Banxico is on hold at 6.50 percent and the minutes point to staying there; the 3 percent inflation target is now expected in the fourth quarter of 2027.

03 Visas, Residency & Tax

04 Getting Around

Buenos Aires: Aeroparque is shut for a second day. The city airport closed at 9 a.m. on Tuesday and reopens at 4 p.m. on Thursday 27 August, 55 hours in total, for preventive work on the main runway. Today is the middle day — when the most disruption hits travellers who missed yesterday’s warnings. Roughly 900 flights are affected: about 540 have been moved to Ezeiza and 360 rescheduled. Ezeiza goes from around 530 flights in a normal window to about 940, an increase of roughly 80 percent. Aerolíneas Argentinas, JetSmart, Flybondi, LATAM, GOL, Andes, Avianca and Paranair are all affected.

The practical instruction is the same as yesterday: confirm your departure airport, not just your time, before you set out, and allow far more time than usual for Ezeiza, which is an hour from the city rather than fifteen minutes. If your flight was originally from Aeroparque and has not been rescheduled, check with your airline — some passengers are only discovering the closure at the terminal door.

Colombia: Pereira’s Matecaña reopens today. The airport resumes commercial operations after its 10 August earthquake closure. LATAM resumes with two daily flights from Bogotá and one from Medellín, 21 a week, against five daily before the earthquake — so the schedule will be thin for weeks. One local outlet had reported a 25 August reopening; every other source, including LATAM, confirms the 26th. The terminal building has been inspected and cleared, but some secondary facilities are still being repaired. Confirm with your airline before travelling.

Paraguay: The central bank meets today for its monthly rate decision. The benchmark has been 5.5 percent since July and the market expects no change, but confirm the timing with the BCP if you have financial commitments tied to the rate.

05 Weather & Safety

Rio is unstable today with a maximum around 21°C and a high chance of rain. August has already delivered 65 millimetres to the 24th, which is 186 percent of the monthly normal — this has been a wet month by any measure. Buenos Aires is cold and partly sunny, 7 to 12°C today. The national weather service has no precipitation for the city until Thursday.

The Servicio Meteorológico Nacional has orange and yellow warnings today for snow, wind and rain across several Argentine provinces. Metropolitan Buenos Aires is not under an extreme-weather warning, though a cold-temperature alert remains active. No active INMET alert was confirmed for Rio or São Paulo.

On advisories, the United States has Colombia at Level 3, Reconsider Travel, on an advisory dated 31 March 2026 that has not been reissued since the August earthquake; Level 4 Do Not Travel still covers Arauca, Cauca outside Popayán, Valle del Cauca outside Cali, Norte de Santander and the ten-kilometre strip along the Venezuelan border. The British Foreign Office advises against all but essential travel within five kilometres of the Colombia–Ecuador border, except the Rumichaca and Ipiales crossings; its earlier border-closure text was removed in June. Separately, Bolivia has been under a state of emergency since 20 June, declared by President Rodrigo Paz, giving the military powers to clear road blockades — worth knowing if you are travelling overland.

06 What’s On — 26 to 31 August

07 What to Watch — 26 to 31 August

Frequently Asked Questions

Sources: Banco de la República; Banco Central do Brasil and the Focus survey; Banco de México; INEGI; Banco Central de Chile; BCRP; Banco Nación Argentina; Aeropuertos Argentina and NOTAM; Aeronáutica Civil de Colombia; LATAM; Kansas City Fed; Bloomberg; Cancillería de Colombia; INMET; Servicio Meteorológico Nacional; US Department of State; UK Foreign Office.