On Tuesday, November 26, the price of the dollar showed significant differences between the official dollar and the blue dollar, reflecting the continued economic slowdown and high inflation that affects the country.
He dollar official, which is negotiated in the Banco de la Nación Argentina, was quoted at $987 for purchase and $1027 for sale. On the other hand, the blue dollar, which is sold in the informal market, operated at $1,110 for purchase and $1,130 for sale.
The gap between dollar blue and the official one stood at approximately 9%, which indicates a strong difference in the prices of the currency in the different markets. This difference is mainly due to the shortage of dollars in the official market and the high demand for the currency in the parallel market.
In addition to the dollar blue and official, other types of dollars were also quoted in the Argentine market. The MEP dollar (Electronic Payment Market) traded at $1,077.58, while the CCL dollar (Cash With Settlement) traded at $1,104.77. The crypto dollar, which operates 24 hours a day and 365 days a year, stood at $1,127.55.
Fountain: dollar today
The financial index prepared by JP Morgan, known as the country risk, fell 198.1% to stand at 748 basis points. This index reflects investors’ perception of the risk of investing in Argentina, and its high volatility indicates great uncertainty in the financial market.
He dollar card, which is used for purchases and payments abroad, including platforms such as Netflix and Spotify, was quoted at $1,797.25. This type of dollar includes a 30% surcharge for the PAIS tax and a 30% collection on account of Profits. The savings dollar, which also includes the 35% surcharge, was quoted at $1,695.
Price
The exchange rate situation in Argentina has been a constant concern for economists and citizens. High inflation, which remains at worrying levels, has led to a continuous devaluation of the Argentine peso and greater demand for dollars.
The lack of confidence in the government’s economic policies has contributed to the volatility of the foreign exchange market. This Wednesday, November 27, the dollar blue is trading at $1,115 buy and $1,135 buy. Meanwhile, the official dollar is trading at $987.50 for purchase and $1027.50 for sale.
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