On Friday, October 18, the price of dollar in Argentina it showed significant differences between the official dollar and the blue dollar, reflecting the persistent exchange gap that characterizes the Argentine market.
He dollar official, which is acquired in banking entities, was quoted at $961.00 for purchase and $1001.00 for sale at Banco Nación. This price represents a slight increase compared to the previous day, which indicates a slight stabilization in the value of the official dollar.
However, the exchange gap between the official dollar and the blue dollar remains considerable, with a difference of 20.4%. On the other hand, the blue dollar, which is traded in the informal market, was quoted at $1,200.00 for purchase and $1,220.00 for sale.
This price reflects an exchange gap of 21.93% with respect to the value of the dollar official, showing inflationary pressure and demand for foreign currency in the parallel market. In addition to the blue dollar and the official dollar, other exchange rates also showed significant variations.
He dollar cash with settlement (CCL) was quoted at $1,191.16, while the MEP dollar traded at $1,171.05. Both exchange rates reflect an exchange gap of 18.82% and 18.93% respectively with respect to the official dollar.
Country risk, which measures the perception of investment risk in Argentina, fell by 138.9% to stand at 1,099 points, showing a slight improvement in the country’s risk perception. However, it remains a worrying indicator that reflects the economic and political uncertainties facing Argentina.
Reservations
Regarding international reserves, they stood at $28,274 million, showing a slight decrease compared to the previous day. This figure is crucial to understand the country’s ability to sustain its exchange rate policy and face external pressures.
The quote of dollar card, which is used for transactions abroad, rose to $1,604.00, reflecting the high demand for foreign currency for international travel and purchases. This price is significantly higher than the official dollar, showing the pressure on the exchange market.
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