Last week, the price of the blue dollar and the dollar official in Argentina showed significant differences, reflecting the continued tension in the country’s exchange market. The blue dollar, which is traded in the informal market, was quoted at $1,195 for purchase and $1,215 for sale.
In contrast, the dollar official, available in banks and exchange offices, was quoted at $965.50 for purchase and $1005.50 for sale. This difference, known as the exchange gap, was approximately 24%.
He dollar blue has shown a decrease of 2% compared to the previous month, but an increase of 22% compared to the previous year. On the other hand, the official dollar has maintained relative stability with a fluctuation of less than 1% in recent days.
The exchange gap between the blue dollar and the dollar official is a reflection of the lack of confidence in the government’s economic policy and the perception of country risk. Investors and savers tend to seek refuge in the blue dollar due to economic instability and high inflation.
Fountain: Dollar Today.
Furthermore, the dollar blue is not purchased in banks or official exchange houses, which makes it more accessible for those looking for an alternative to the formal market. The “blue” denomination is related to the informal market and the perception that it is a darker or riskier option compared to the official dollar.
The foreign exchange market in Argentina has witnessed a series of adjustments and economic policies in an attempt to control inflation and stabilize the currency. However, the exchange gap persists, and the difference between the blue dollar and the official dollar continues to be a key indicator of the country’s economic health.
Price
This Monday, October 28, 2024, the price of the blue dollar is $1,205 for purchase and $1,225 for sale. Meanwhile, the official dollar is quoted at $967.50 for purchase and $1007.50 for sale, according to surveys on the Dólar Hoy website.
The price of the blue dollar and the dollar official in Argentina showed a significant exchange gap, reflecting economic instability and lack of confidence in the government’s economic policy. This situation continues to be a challenge for the country and its citizens.
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