Dollar: how much is it trading this Wednesday, January 8

On Wednesday, January 8, 2025, the quotes of the dollar in Argentina they showed significant differences between the official dollar and the blue dollar, reflecting the persistent exchange gap that characterizes the Argentine market.

He dollar official price was quoted at $1015.50 for purchase and $1055.50 for sale at the Banco de la Nación Argentina (Banco Nación). This exchange rate is the one used in regular operations and is subject to the regulations of the Central Bank of the Argentine Republic (BCRA).

Compared to the previous day, the official dollar showed a slight variation, remaining relatively stable. On the other hand, the blue dollar, which operates in the parallel market and is not regulated by the BCRA, was quoted at $1,195 for purchase and $1,215 for sale.

This difference of approximately 13.7% between the blue dollar and the official dollar reflects the continued inflationary pressure and lack of confidence in the local currency. The blue dollar has been a popular option for those seeking to protect their assets against the devaluation of the Argentine peso.

Dollar: how much is it trading this Wednesday, January 8

Fountain: Dollar Today.

In addition to the blue dollar and the official dollar, other exchange rates also showed significant variations. The MEP dollar (Electronic Payment Market), which allows investors to buy and sell dollars through the purchase and sale of financial assets, was quoted at $1,164.37.

The counted dollar with settlement (CCL), which allows investors to buy Argentine bonds in the local market and sell them abroad, traded at $1,185.29. He dollar tourist or dollar card, which is used for purchases and payments in foreign currency and is subject to a surcharge of 30% advance payment of income tax, was quoted at $1,847.13.

Dollar: how much is it trading this Wednesday, January 8

Gap

This exchange rate is significantly higher due to the additional taxes that apply. The savings dollar, which includes a 35% surcharge, was quoted at $1,742. This exchange rate is used for fixed-term deposits and is also subject to additional taxes.

The difference between the dollar blue and the official dollar has been a recurring theme in the Argentine market, and reflects the difficulties faced by the country’s economy. High inflation and lack of confidence in monetary policy have led many to look for alternatives in the parallel market.

Source link