On Monday, December 23, the price of dollar blue and the official dollar in Argentina showed significant differences, reflecting the continued volatility of the exchange market. Here you have a detailed analysis of the quotes of both types of dollar on that day:
He dollar blue, which is traded in the parallel market and is not regulated by the Central Bank, was quoted at $1,160 for sale and $1,140 for purchase. This difference of 20 pesos between buying and selling is typical of the black market, where prices can vary considerably due to supply and demand.
In contrast, the official dollar, which is purchased in banks and authorized exchange houses, had a price of $1,004.50 for purchase and $1,044.50 for sale. This difference of 40 pesos between the purchase and the sale is less than that of the blue dollar, but still reflects the presence of an exchange gap.
The gap between the blue dollar and the official dollar remained stable at approximately 13%. This gap is a measure of the imbalance between the value of the dollar in the official market and the value in the parallel market.
Fountain: Dollar Today
A high gap indicates strong demand for dollars on the black market, often due to a lack of confidence in the country’s economic stability. Several factors influence the price of the dollar blue and the official dollar. Among them are:
High inflation in Argentina has led to increased demand for dollars as a refuge against the loss of the value of the peso. The decisions of the Central Bank, such as the adjustment of interest rates and intervention in the exchange market, directly affect quotes.
Impact
Investors’ perception of the country’s economic and political stability influences their willingness to maintain or exchange their currency holdings. The entry and exit of foreign capital also plays a crucial role in determining prices.
The significant difference between the dollar blue and the official dollar has a direct impact on the Argentine economy. Citizens looking for dollars to protect their assets often turn to the parallel market, which can lead to capital flight and greater pressure on the national currency.
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