Dollar: how much is it trading at at the beginning of the third week of October

On Thursday, October 10, the last trading day before the long holiday, the price of dollar in the country showed significant differences between the official dollar and the blue dollar, reflecting the continuous economic slowdown and high inflation that affects the country.

He dollar blue, which is traded in the informal market, was quoted at $1,175 for sale and $1,145 for purchase. This price difference, known as the exchange gap, was 16.4% with respect to the official dollar.

The blue dollar is an alternative used by many Argentines to protect their assets against the devaluation of the peso and inflation. On the other hand, the dollar official, controlled by the Central Bank, was quoted at $995.50 for sale and $955.50 for purchase at Banco Nación.

This official price reflects the government’s monetary policy and its attempt to maintain some stability in the exchange market. However, the difference with the blue dollar remains considerable, indicating inflationary pressure and lack of confidence in the national currency.

Dollar: how much is it trading at at the beginning of the third week of October

Fountain: Dollar Today.

In addition to the dollar blue and the official dollar, other types of dollars are also quoted in Argentina, such as the MEP dollar (Electronic Payment Market) and the counted dollar with settlement (CCL). The MEP dollar traded at $293.92 and the CCL dollar at $19.70.

These exchange rates offer additional options for those looking to diversify their dollar holdings. Country risk, which measures the perception of investment risk in Argentina, fell 134.2% to stand at 1,121 points.

Dollar: how much is it trading at at the beginning of the third week of October

Price

The quote of dollar tourist, also known as solidarity dollar, was $1,592.80. This exchange rate is mainly used for savings and transactions abroad, and is calculated by adding 30% to the value of the official dollar.

The difference between the tourist dollar and the official dollar is even greater, reflecting the high demand for dollars for savings purposes and protection against inflation. This Monday, October 14, the dollar blue is trading at $1160 to buy and $1180 to sell. Meanwhile, the official dollar is trading at $958 for purchase and $998.50 for sale.

Source link