On Wednesday, the price of dollar showed significant variations in both the official and parallel markets, known as the blue dollar. This phenomenon is a reflection of the country’s complex economic situation, marked by inflation, political uncertainty and exchange restrictions.
He dollar official, which is the exchange rate regulated by the Central Bank of the Argentine Republic (BCRA), remained relatively stable compared to previous days. According to the available data, the official dollar closed the day at $1013 for sale and $973 for purchase.
This exchange rate is used mainly for commercial and financial operations that require the intervention of the BCRA. On the other hand, the dollar blue, which is traded on the informal market, showed a slight drop in its price.
On Wednesday, November 6, the blue dollar was quoted at $1,170 for sale and $1,150 for purchase. This price difference between the official dollar and the dollar blue reflects the high demand for dollars in the parallel market, driven by exchange restrictions and distrust in the local economy.
Fountain: Dollar Today
This Thursday, November 7, the dollar blue is trading at $1115 to buy and $1135 to sell. Meanwhile, the official dollar is trading at $974 for purchase and $1014 for sale.. In addition to the official dollar and the blue dollar, there are other exchange rates that are relevant in the Argentine market.
MEP dollar is an exchange rate that is used to purchase dollars through the stock market. On Wednesday, November 6, the MEP dollar was quoted at $1,151.54. He dollar CCL is an exchange rate that allows investors to buy stocks or bonds in pesos and sell them in dollars abroad. The price of the CCL dollar was $1,176.85.
Expectation
The Crypto dollar is an emerging exchange rate that uses cryptocurrencies to access dollars. Although its use is less common, it offers an alternative for those seeking to protect themselves from inflation and currency market fluctuations. The crypto dollar was quoted at $1,158.71.
In the short term, it is expected that the price of dollar continue to be volatile due to economic and political uncertainty. The presidential elections scheduled for next year and the economic policies implemented by the new government will be decisive for the future of the exchange rate in Argentina.
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