During the week and especially on Thursday, the blue dollar, which is traded on the parallel market, and the dollar official currency, which is traded in banks and authorized exchange houses, showed significant movements that reflect the country’s economic situation.
He dollar The blue dollar, known for being a reference in the informal market, closed the day with a price of $1,455 for sale and $1,425 for purchase. This value represents an increase compared to previous days, indicating a growing demand for dollars in the parallel market.
The gap between the dollar The blue and official dollar remained wide, reflecting investors’ distrust in the Argentine economy and the search for refuge in the US currencyOn the other hand, the official dollar was quoted at $942.00 for sale and $902.00 for purchase.
This value also showed an increase, although more moderate compared to the dollar blue. The difference between the two exchange rates, known as the exchange rate gap, stood at approximately 51.3%.
Fountain: Dollar Today
This gap is an indicator of the economic distortions and devaluation expectations that prevail in the market. This Friday the blue dollar is quoted at $1435 for purchase and $1455 for sale. Meanwhile, the dollar official quoted at $902.50 for purchase and $942.50 for sale.
He dollar The cash settlement (CCL), a tool used by investors to transfer foreign currency abroad, was quoted at $1,309.23. Meanwhile, the MEP (Electronic Payment Market) dollar, which allows the purchase of dollars through the local stock exchange, traded at $1,247.90.
Volatility
These quotes reflect the volatility and fluctuations of the Argentine financial market, influenced by internal and external factors. The economic context in which these quotes were issued is complex.
Inflation in Argentina remains high, eroding citizens’ purchasing power and increasing demand for Dollars as a refuge of value. Furthermore, the BCRA’s international reserves have shown a downward trend, which limits the government’s ability to intervene in the foreign exchange market and stabilize the exchange rate.
