The quote of the dollar In Argentina, this is a topic of great relevance and daily monitoring, especially in such a volatile economic context as the current one. On Friday, August 9, the price of the blue dollar and the official dollar has been the subject of attention by both markets and citizens.
He dollar The blue dollar, which is the parallel and unofficial exchange rate, closed the day on Friday, August 9, 2024 with a price of $1,375 for sale. This value represents a drop of $10 compared to the previous day, when it was at $1,385.
The quote of the dollar The blue dollar is an important indicator for many Argentines, as it reflects the market’s perception of the economy and confidence in the local currency. The drop in the blue dollar rate can be attributed to several factors.
First, government intervention in the foreign exchange market has been constant, with measures aimed at controlling inflation and stabilising the economy. In addition, the supply and demand for dollars in the parallel market can vary significantly depending on political and economic events both nationally and internationally.
On the other hand, the dollar The official exchange rate, which is the exchange rate controlled by the Central Bank of the Argentine Republic (BCRA), remained stable at $955.50 for sale at Banco NaciónThis exchange rate is used for official and commercial transactions, and its stability is crucial for the country’s economic and financial planning.
The difference between the blue dollar and the official dollar, known as the exchange rate gap, is an indicator of distortions in the foreign exchange market. A wide gap can generate uncertainty and expectations of devaluation, which in turn can affect inflation and economic stability.
Impact
The quote of the dollar has a significant impact on the Argentine economy. A high dollar can make imports more expensive, which in turn can increase production costs and consumer prices.
This can lead to an inflationary cycle that is difficult to control. On the other hand, a low dollar can benefit exporters, as their products become more competitive on the international market. In addition, the dollar rate affects the country’s external debt.
