Yesterday, the price of the dollar showed significant movements in both the official market and the parallel market, known as dollar blue. This day, the blue dollar closed at $1,140 for sale, which represented an increase of $5 compared to previous days.
On the other hand, the dollar The official price remained at $1,018.50 for sale at Banco Nación. The Argentine economy has been marked by high inflation and a constant devaluation of its currency, the peso. These factors have led to a growing demand for dollars as a refuge of value, both in the official and parallel markets.
The difference between the dollar official and the blue dollar reflects distrust in the economy and monetary policies of the country. The Central Bank of the Argentine Republic (BCRA) has been intervening in the exchange market to try to stabilize the currency and control inflation.
On November 13, the BCRA made net purchases of dollars for a significant amount, reaching 245 million dollars, the most important purchase in almost six months.. These interventions seek to strengthen international reserves and give the exchange market a break.
Fountain: Dollar Today.
In addition to the dollar officer and the dollar blue, there are other exchange rates in Argentina, known as financial dollars. These include the MEP dollar (Electronic Payment Market) and the CCL dollar (Cash with Settlement). These exchange rates are used in financial and investment operations, and usually have intermediate quotes between the official dollar and the blue dollar.
On November 13, 2024, the MEP dollar was quoted at $1,121.11, while the CCL dollar was at $1,156.75. These exchange rates reflect the demand for dollars in the financial market and the search for alternatives to access foreign currency in a legal and regulated manner.
Impact
The quote of dollar It has a significant impact on the Argentine economy. A high dollar makes imports more expensive, which can lead to an increase in the prices of goods and services, contributing to inflation.
On the other hand, a dollar high can also benefit exporters, since they receive more pesos for their products sold abroad. This Thursday, November 14, the blue dollar is trading at $1,120 for purchase and $1,040 for sale. Meanwhile, the official dollar is trading at $978.50 for purchase and $1018.50 for sale.
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