Dollar: how much is it trading at this Thursday, October 3, 2024

On Wednesday, October 2, the price of the dollar It reflected the economic tensions and uncertainty that the country is going through. In this context, both the blue dollar and the official dollar showed significant movements that captured the attention of analysts, investors and citizens.

He dollar blue, which is traded in the informal market, closed yesterday at $1,220 for sale and $1,190 for purchase. This price represents a slight decrease of 15 pesos compared to the previous day, when it stood at $1,235.

Dollar: how much is it trading at this Thursday, October 3, 2024

The gap between dollar blue and the official dollar remained around 21.3%, reflecting the markets’ distrust in the country’s economic stability. On the other hand, the official dollar, which is negotiated in the formal market and is regulated by the Central Bank, closed at $990.50 for sale and $950.50 for purchase.

This value includes the increase of 50 cents recorded during the day, in line with the policy of daily micro devaluations implemented by the government to avoid sudden jumps in the exchange rate. In addition to the blue dollar and the official dollar, there are other exchange rates that are relevant.

Dollar: how much is it trading at this Thursday, October 3, 2024

Fountain: Dollar Today.

The MEP (Electronic Payment Market) dollar was quoted at $1,218.84, showing a slight increase of 0.3% compared to the previous day. The CCL dollar (Cash with Settlement) stood at $1,240.94, with a decrease of 0.2%. The crypto dollar was quoted at $1,222.45, with an increase of 0.48%.

This Thursday, October 3, the dollar parallel trades at $1195 for purchase and $1215 for sale. Meanwhile, the official dollar is trading at $951 for purchase and $991 for sale.. The decisions of the Central Bank and the government regarding monetary and fiscal policy have a direct impact on the price of the dollar.

Dollar: how much is it trading at this Thursday, October 3, 2024

Inflation

The high inflation that the country is experiencing, with annual rates above 100%, puts upward pressure on the exchange rate. Economic agents seek refuge in the dollar to protect against the loss of purchasing power of the peso.

The expectations of investors and the general public about the evolution of the economy and political stability also play a crucial role. Political uncertainty, especially in an election year, can generate volatility in the foreign exchange market.

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