Last week the dollar exchange rate in Argentina reflected the economic tensions and uncertainty that the country is going through. The difference between the dollar official and the blue dollar, also known as the parallel dollar, remained significant, evidencing the exchange rate gap that affects the Argentine economy.
He dollar The official exchange rate, which is the exchange rate regulated by the Central Bank of the Argentine Republic (BCRA), closed the day of August 2 at $951.50 for sale and $911.50 for purchase. This exchange rate is used mainly for official commercial and financial operations, and its value is determined by the government’s monetary policies.
The Central Bank has maintained a policy of controlled devaluation of the Argentine peso against the dollar, with the aim of avoiding an abrupt depreciation that could further destabilize the economy.
However, this strategy has also generated criticism, as some sectors consider that the official exchange rate does not reflect market reality and contributes to economic distortion. On the other hand, the dollar blue, which is traded on the informal market, closed last week at $1,395 for sale and $1,370 for purchase.
Fountain: Dollar Today
This exchange rate is used by those seeking to avoid government-imposed currency restrictions and access dollars more quickly and easily. The gap between the dollar official and the blue dollar stood at approximately 46%, reflecting the lack of confidence in the economy and the high demand for foreign currencies.
He dollar The blue is a key indicator of market perception of the Argentine economy. Its price tends to be more volatile and sensitive to political and economic events, and its value can vary significantly in short periods of time.
Price
The high price of dollar The blue dollar is a symptom of the lack of confidence in the local currency and in the government’s economic policies. The blue dollar is quoted this Monday, August 5, at $1,375 for purchase and $1,395 for sale. Meanwhile, the official dollar is quoted at $913.50 for purchase and $953.50 for sale.
He dollar MEP closed last week at $1,289.95, while the CCL dollar was at $1,289.35. These exchange rates are often used by companies and large investors to legally dollarize their assets, although they are also subject to regulations and restrictions.
