He dollar The blue dollar, known for being the exchange rate traded in the informal market, closed the fourth week of July at $1,445 for sale and $1,415 for purchase. This value represents an increase of 6% so far in July and an increase of 163% compared to the same period last year.
The gap between the blue dollar and the dollar The official rate was at 49.2%, reflecting investors’ distrust in the formal economy and the search for refuge in the parallel market. On the other hand, the official dollar, which is traded in banks and authorized exchange houses, was quoted at $947.50 for sale and $907.50 for purchase.
This exchange rate, regulated by the Central Bank of the Argentine Republic (BCRA), has shown an upward trend in recent months, driven by inflation and devaluation expectations.. The difference between the dollar official and the blue dollar is an indicator of economic distortions and lack of confidence in the country’s monetary policy.
Besides of dollar blue and the official dollar, there are other exchange rates that are relevant to Argentine investors and consumers. The dollar settled with liquidation (CCL), used for the purchase of assets abroad, was quoted at $1,330.03.
Fountain: Dollar Today.
This exchange rate is an option for those looking to legally dollarize their savings, although at a higher cost than the official dollar. For its part, the MEP dollar (Electronic Payment Market), which allows the purchase of dollars through the local stock market, operated at $1,322.77.
The solidarity dollar, which includes the 30% PAIS tax and the 35% withholding tax on profits, was quoted at $1,516. This exchange rate is mainly used for the purchase of goods and services abroad, as well as for saving in dollars.
Values
The quote of the dollar The solidario rate reflects the impact of taxes and exchange regulations on the cost of accessing the US currency. The dollar card, which is applied to purchases and payments in foreign currency with a credit or debit card, also traded at $1.516.
This exchange rate includes the same taxes as the dollar and is used by consumers for spending abroad, such as travel and online shopping. This Monday, the blue dollar is available at $1,415 for purchase and $1,435 for sale. Meanwhile, the official dollar is available at $910 for purchase and $950 for sale.
