Last week, the price of dollar The exchange rate showed significant variations both in the official market and in the parallel market, known as the blue dollar. These movements reflect the country’s continued economic volatility and the influence of various internal and external factors on the exchange market.
He dollar The official exchange rate, which is the exchange rate regulated by the Central Bank of the Argentine Republic (BCRA), closed the day on September 20 at $943.50 for purchase and $983.50 for sale. This exchange rate is used mainly for official commercial and financial operations, and its value is determined by the monetary policies of the BCRA.
Compared to previous days, the dollar The official exchange rate showed a slight appreciation, which can be attributed to the Central Bank’s interventions to maintain exchange rate stability. These interventions include the purchase and sale of foreign currency on the market and the implementation of restrictive monetary policies to control inflation and prevent an abrupt devaluation of the Argentine peso.
On the other hand, the dollar The blue dollar, which operates in the informal market, closed on Friday, September 20 at $1,210 for purchase and $1,245 for sale. This exchange rate is used by individuals and companies seeking to avoid the exchange restrictions imposed by the government and the BCRA.
Fountain: Dollar Today.
The gap between the official dollar and the blue dollar has remained wide, reflecting the lack of confidence in the formal economy and the high demand for dollars in the parallel market. He dollar blue experienced a rebound in its price during the session last Friday, after having accumulated a significant decline during the week.
This behavior may be related to political and economic uncertainty, as well as speculation in the informal market. The difference between the official dollar and the blue dollar, known as the exchange rate gap, was around 26%, indicating strong pressure on the exchange market.
Quotes
This Monday, September 23, the dollar The blue dollar is quoted at $1,225 for purchase and $1,245 for sale. Meanwhile, the official dollar is quoted at $942 for purchase and $982 for sale. In addition to the official dollar and the blue dollar, there are other exchange rates in Argentina that reflect different uses and regulations.
He dollar The MEP closed Friday at $1,198.22, while the CCL dollar was at $1,222.233. The card dollar, which is applied to purchases and payments in foreign currency with a credit card, closed the day at $1,573.603. This exchange rate includes the 30% PAIS tax and the 45% surcharge on account of Profits, making it one of the highest exchange rates on the market. The crypto dollar, used for the purchase of cryptocurrencies, was at $1,211.373.
