Yesterday, the price of dollar showed significant differences between the official dollar and the blue dollar, reflecting the continued volatility of the exchange market in the country. The official dollar, which can be acquired through authorized banks and exchange offices, was quoted at $1000.50 for sale and $960.50 for purchase at Banco Nación.
This price difference, known as the exchange gap, remains high, indicating the pressure on the demand for dollars in the official market. On the other hand, the dollar blue, which is traded in the informal market, had a price of $1,220 for sale and $1,200 for purchase in the City of Buenos Aires.
The gap between dollar blue and the official retail dollar stood at 20.6%, underscoring the significant difference in currency prices between the formal and informal markets. In addition to the blue dollar and the official dollar, other dollar access mechanisms also showed variations in their prices.
He dollar MEP (Electronic Payment Market) operated at $293.92, while the dollar counted with settlement (CCL) was quoted at $19,001. These mechanisms offer alternatives for those seeking access to foreign currency, although with different conditions and costs.
Fountain: Dollar Today
Since last week, the country risk, which measures the perception of investment risk in Argentina, fell 149.5% to stand at 1,052 points, showing a slight improvement in investor confidence.
However, the economic situation remains complex and challenging, with inflation and external debt as critical factors affecting the stability of the foreign exchange market. The quote of dollar blue and official in Argentina is a reflection of the economic and political tensions facing the country.
Values
The significant difference between currency prices in the formal and informal markets underscores the need for economic policies that can reduce the exchange rate gap and stabilize the market.
The current situation also highlights the importance of maintaining a predictable and reliable economic environment for investors and the general population. This Friday, the dollar blue is trading at $1200 to buy and $1220 to sell. The official dollar is quoted at $961 for purchase and $1001 for sale.
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