At the end of July, the Argentine exchange market was once again the protagonist of the national economic agenda. The price of dollarboth in its official version and in the informal market, known as Dollar Blue, reflected the persistent tensions among the government’s monetary policy, the market expectations and the behavior of savers and investors.
According to the data relieved in the main financial entities and exchange houses, the dollar Officer quoted on Thursday at $ 1275 for purchase and $ 1325 for sale. This figure represents an increase of $ 85 compared to the end of June, when it was located at $ 1215.
For its part, the dollar Blue, the parallel exchange rate that is negotiated outside the banking circuit, was offered to $ 1300 for purchase and $ 1320 for sale. The gap between both exchange rates remained around 1.5%, a relatively low difference if compared to previous periods, when the blue dollar came to exceed the officer in more than 10%.
This convergence is explained, in part, by the lifting of the exchange rate and the partial liberalization of the currency market, which allowed citizens to acquire dollars without the monthly limit of US $ 200 that was governed until April.
Fountain: Dollar today
During the month of July, the dollar Officer accumulated a 6.9% rise, while the blue dollar remained relatively stable, with a variation of less than 1% in the last five business days. So far this year, the blue dollar has increased by 7.06%, from $ 1230 in January to the current $ 1320.
This behavior occurs in a context of relative exchange calm, after months of high volatility. The recent tender of the Treasury, which validated effective rates of up to 65% per year, contributed to absorb weights of the market and contain the pressure on the exchange rate.
Price
In addition, the entry of funds by the Inter -American Development Bank (IDB) and the International Monetary Fund (IMF) allowed the Central Bank to increase its international reserves, which reached US $ 41,241 million. In addition to dollar Officer and Blue, there are other exchange rates that reflect different financial operations:
Dollar Card: Used for consumption abroad by credit or debit card, traded at $ 1723.32. MEP dollar (electronic payments): It was around $ 1322.36. CCL dollar (counted with liquidation): It closed at $ 1320.00, showing a slight rise of 2.3%. Crypto dollar: it operated on digital platforms at $ 1313.19, with a marginal variation.
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