Dollar: how much is it trading at this Friday, January 3, 2025

In the first days of 2025, the prices of the dollar in Argentina they showed significant differences between the official dollar and the blue dollar, reflecting the continued volatility of the exchange market in the country.

He dollar official, which is the exchange rate regulated by the Central Bank of the Argentine Republic (BCRA), was quoted at $1012.50 for purchase and $1052.50 for sale. This exchange rate applies to official transactions and is mainly used for purchases and payments abroad made by residents in Argentina.

Dollar: how much is it trading at this Friday, January 3, 2025

The blue dollar, also known as the parallel dollar, was quoted at $1,210.00 for purchase and $1,230.00 for sale. This exchange rate operates in the informal market and is not regulated by the BCRA. The gap between dollar blue and the official dollar stood at 16.86%, which indicates a significant difference in the purchase and sale prices between both markets.

In addition to the official dollar and the blue dollar, there are other exchange options in the Argentine market, such as the MEP dollar (Electronic Payment Market) and the CCL dollar (Cash With Settlement). These options offer different prices and conditions for those looking to access foreign currency.

Dollar: how much is it trading at this Friday, January 3, 2025

MEP Dollar: Quoted at $1,170.41 for purchase and $1,191.80 for sale. CCL Dollar: Quoted at $1,186.93 for purchase and $1,186.93 for sale. The price of the dollar in Argentina has been one of the main economic concerns in recent years, due to high inflation and the constant devaluation of the currency.

The exchange gap between the official dollar and the blue dollar reflects the lack of confidence in the regulated exchange rate and the search for safer and more stable alternatives by citizens. The significant difference between the quotes of the official dollar and the blue dollar has a direct impact on the Argentine economy.

Dollar: how much is it trading at this Friday, January 3, 2025

Variable

The prices of imported goods and services are affected by the exchange rate difference, which can lead to an increase in the costs of living for citizens. Furthermore, the volatility of the exchange market generates uncertainty and distrust among investors and consumers.

The future prospects of the foreign exchange market in Argentina depend on several factors, including the government’s economic policies, inflation and investor confidence. The stability of dollar official and reducing the exchange gap are key objectives to improve the country’s economy and reduce uncertainty in the market.

Source link