In the month of August, the price of dollarboth in its official version and in the parallel market known as the blue dollar, reflected the economic tensions and uncertainty that the country is experiencing.
He dollar The official exchange rate, which is the exchange rate controlled by the Central Bank of the Argentine Republic (BCRA), closed the day on August 30 at $930 for purchase and $970 for sale in banking entities.
This value represents an increase compared to previous days, reflecting the pre-established monthly devaluation of 2% that the government has implemented to try to maintain the competitiveness of exports and control inflation.
The increase in the price of dollar official is also related to the government’s need to accumulate international reserves. During the month of August, the BCRA sold US$238 million in the foreign exchange market, the largest sale since October 2023, in an attempt to stabilize the currency and satisfy the demand for dollars.
Fountain: Dollar Today.
Despite these sales, the Central Bank managed to close the month with a positive balance of more than US$300 million. The blue dollar, which is the parallel and unofficial exchange rate, closed on August 30 at $1,305 for sale and $1,285 for purchase.
This value represents a drop of $10 compared to the previous day, consolidating at its lowest value in more than two months. The price of dollar Blue is usually more volatile and reflects the market’s perception of the country’s economic and political situation.
Values
The gap between the dollar official and the blue dollar is significant, indicating a strong demand for dollars in the parallel market due to the exchange restrictions imposed by the government. This Monday, September 2, the blue dollar is quoted at $1,285 for purchase and $1,305 for sale. Meanwhile, the official dollar is quoted at $932 for purchase and $972 for sale.
These restrictions limit the amount of dollars that individuals and businesses can purchase through official channels, leading many to turn to the blue market to meet their foreign exchange needs.
