On Wednesday, October 9, the price of dollar in Argentina it showed significant differences between the official dollar and the blue dollar, reflecting the continued volatility in the country’s exchange market.
He dollar official, which is acquired in banking entities, was quoted at $955.50 for purchase and $995.50 for sale at Banco Nación. On the other hand, the blue dollar, which is traded in the parallel market, operated at $1,155 for purchase and $1,175 for sale in the caves of the City of Buenos Aires.
The gap between the dolar blue and the official dollar stood at approximately 21%, highlighting the substantial difference in the prices of both currencies. This difference is a clear manifestation of the lack of confidence in the economic stability of the country and the search for refuge in safer assets by citizens.
In addition to the blue dollar and the dollar official, other exchange rates also showed significant variations. The counted dollar with settlement (CCL) was quoted at $21.60, while the stock market dollar (MEP) operated at $293,924.
Fountain: Dollar Today.
The country risk fell 121% to stand at 1,188 points, reflecting a negative market perception of the Argentine economic situation. The Argentine bond market was also affected by this exchange rate volatility.
Argentine stocks listed in New York showed a downward trend, and Argentine bonds experienced greater volatility due to uncertainty in the exchange market.
Values
This situation has led many investors to look for safer alternatives to protect their investments. This Thursday the dollar blue is trading at $1155 to buy and $1175 to sell. Meanwhile, the official dollar is trading at $955.50 for purchase and $995.50 for sale.
The economic situation in Argentina has been complicated in recent years, with high inflation, constant devaluations and a lack of confidence in the government’s economic policies. These factors have contributed to the growing gap between the blue dollar and the official dollar, as well as volatility in financial markets.
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