Wednesday, October 16, was a significant day for the Argentine exchange market, with the price of the blue dollar and the official dollar showing notable differences. The quote of dollar blue, which is traded in the informal market, was $1,215 for purchase and $1,235 for sale.
In contrast, the dollar official, which is acquired in banks and exchange houses, was quoted at $960 for purchase and $1000 for sale. This substantial difference between the blue dollar and the official dollar, known as the exchange gap, was approximately 27%.
This gap reflects economic tensions and the demand for foreign currency in the informal market, where the dollar blue usually has a higher value due to the scarcity of foreign currency in the official market.
In addition to the dollar blue and the official dollar, other exchange rates were also quoted that day. The tourist dollar, also known as the solidarity dollar, was quoted at $1,600. This exchange rate is used for savings purchases or transactions abroad and is calculated by adding 30% to the value of the official dollar of the day.
Fountain: Dollar Today.
He dollar MEP (Electronic Payment Market) operated at $1,139.91 for purchase and $1,192.82 for sale, while the dollar counted with settlement (CCL) was quoted at $1,179.98. The price of the blue dollar and its different exchange rates reflect the complexity of the Argentine exchange market and the various ways in which citizens and companies seek to access foreign currency.
The exchange gap, which has been a constant in the Argentine market, continues to be a challenge for the country’s economy and monetary policy. In terms of trends, the dollar blue has shown an increase of 27% compared to the same period last year, while so far in October 2024, it is down 3% compared to the previous month.
Update
The exchange situation in Argentina has been the subject of attention both nationally and internationally. The exchange rate gap and the difference between the blue dollar and the official dollar are recurring topics in economic and political debates.
Governments have implemented various measures to try to reduce this gap and stabilize the exchange market, but challenges persist. This Thursday, October 17, the dollar blue is trading at $1200 to buy and $1220 to sell. Meanwhile, the official dollar is quoted at $950.60 for purchase and $1000.50 for sale.
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