Dollar: how much is it trading at this Friday, January 10, 2025

On Friday, January 10, the prices of the dollar in Argentina they showed significant differences between the official dollar and the blue dollar, reflecting the persistent exchange gap that characterizes the Argentine market. According to data collected, the blue dollar was quoted at $1,200.00 for purchase and $1,220.00 for sale, while the official dollar was traded at $1,017.97 for purchase and $1,065.68 for sale.

The exchange rate gap between dollar blue and the official dollar remained stable at approximately 18%, indicating a substantial difference in the prices of the US currency in the official and parallel markets.

This difference is due to several factors, including the shortage of foreign currency in the official market and the high demand for dollars in the parallel market. The blue dollar, also known as the informal dollar, is a quote that is made in the parallel market and is not regulated by the Central Bank of the Argentine Republic (BCRA).

This exchange rate is usually higher than the official dollar due to lack of liquidity and high demand for currency on the black market. The name “blue” is related to the color blue, which in English also means “dark”, and is associated with purchase operations through bonds or shares of companies known as “blue chips.”

Dollar: how much is it trading at this Friday, January 10, 2025

Fountain: Dollar Today.

He dollar Official, on the other hand, is the quote that is made in banks and exchange houses authorized by the BCRA. This price is regulated and is adjusted based on the government’s exchange rate policy and market needs.

The value of the official dollar remains relatively stable, although it may experience small fluctuations due to factors such as the supply and demand of currencies and the monetary policies of the BCRA. In addition to the blue dollar and the official dollar, there are other types of dollars in Argentina, such as the MEP dollar (Electronic Payment Market) and the CCL dollar (Cash With Settlement).

Dollar: how much is it trading at this Friday, January 10, 2025

Quotes

He dollar MEP was quoted at $1,164.37 for purchase and $1,167.60 for sale, while the CCL dollar was traded at $1,182.95 for purchase and $1,188.90 for sale. These exchange rates reflect different mechanisms for accessing foreign currency and may vary depending on market conditions and BCRA policies.

The Argentine exchange market has shown a trend of stability in dollar quotes in recent days, with small variations that reflect market dynamics and government policies. The exchange gap between the blue dollar and the official dollar continues to be a major challenge for the Argentine economy, as it affects the ability of citizens and companies to access foreign currency at competitive prices.

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