The first week of October, both dollar blue and the official dollar showed significant movements that reflect market tensions and expectations. The blue dollar, which is traded in the informal market, closed the day at $1,205 for sale and $1,175 for purchase.
This parallel exchange rate is a key indicator of market perception of the Argentine economy and confidence in the local currency. The gap between dollar blue and the official dollar stood at 19.7%, reflecting significant distrust in the government’s ability to maintain economic stability.
On the other hand, the dollar official, which is the exchange rate controlled by the Central Bank of the Argentine Republic (BCRA), was quoted at $992.50 for sale and $952.50 for purchase. This exchange rate is used for official and commercial transactions, and its value is kept under control through BCRA interventions in the exchange market.
The difference between the dollar blue and the official dollar, known as the exchange gap, is an indicator of economic distortions and inflationary expectations. A wide gap suggests that economic actors are seeking refuge in the blue dollar due to the perception that the official exchange rate does not reflect the true value of the currency.
The economic context in which these quotes occur is complex. Argentina has been dealing with high inflation, which in 2024 has remained at high levels, affecting the purchasing power of citizens and generating uncertainty in the markets.
Accumulated inflation so far this year has exceeded 100%, which has led Argentines to seek refuge in the dollar as a way to protect their savings. Furthermore, the government’s economic policies have been the subject of debate and controversy.
Stocks
Exchange restrictions, known as “exchange stocks,” have limited the ability of citizens and companies to access the dollar official, which has increased demand in the parallel market.
These restrictions include limits on the purchase of dollars for savings and the obligation to liquidate foreign currency from exports at an official exchange rate, which has generated tensions in various sectors of the economy.
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