So far this week, the dollar exchange rate in Argentina continued to be a topic of great interest and concern for both citizens and economic analysts. In a context of high inflation and exchange rate volatility, the fluctuations of the blue dollar and the dollar official reflect the economic tensions and challenges facing the country.
He dollar The blue dollar, which is traded on the informal market, closed on Tuesday at $1,415 for sale and $1,390 for purchase. This price represents a drop of $30 compared to the previous day, indicating a slight decrease in demand for this currency on the parallel market.
Despite this drop, the exchange rate gap between the blue dollar and the official dollar remains significant, standing at 45.8%. On the other hand, the dollar The official dollar, which is traded on the formal market and is regulated by the Central Bank of the Argentine Republic (BCRA), remained relatively stable. The official dollar closed at $950.50 for sale and $910.50 for purchase.
This stability in the dollar The official rate contrasts with the volatility observed in the parallel market, reflecting the exchange control measures implemented by the government to avoid an abrupt devaluation of the local currency.
Fountain: Dollar Today.
This Wednesday, the dollar The blue dollar is quoted at $1,365 for purchase and $1,385 for sale. Meanwhile, the official dollar is quoted on average at $911 for purchase and $951 for sale. In addition to the blue dollar and the official dollar, there are other exchange rates that are also relevant for economic analysis.
He dollar MEP (Electronic Payment Market) and the CCL (Contado con Liquidación) dollar are two of the financial exchange rates most used by investors to dollarize their portfolios. The MEP dollar closed the day on July 30 at $1,289.95, while the CCL dollar was at $1,289.35.
Exchange rate
These exchange rates are usually higher than the dollar official, but lower than the blue dollar, reflecting a financial market that is looking for alternatives to protect itself from inflation and devaluation. The crypto dollar, which refers to the dollar’s price on cryptocurrency platforms, is also an important indicator in the current context.
He dollar The crypto closed at $1,302.17, showing a slight decrease of 0.43% compared to the previous day. This exchange rate is used by those who seek greater flexibility and speed in their transactions, taking advantage of the benefits of cryptocurrencies in an environment of high exchange rate volatility.
