On Wednesday, January 29, the price of the blue dollar and the dollar Officer in Argentina showed significant differences, reflecting the volatility of the exchange market and the various ways in which citizens can access the US currency.
He dollar Blue, which is negotiated in the informal market and is not regulated by the Central Bank of the Argentine Republic (BCRA), quoted at $ 1210 for purchase and $ 1230 for sale. This price remained stable compared to the previous month, with a difference of only 0%.
However, when analyzing the performance of the blue dollar throughout the year, an increase of 0.41% was observed compared to the previous year. The blue dollar usually has a higher value than the official dollar due to the demand in the black market and the lack of regulation.
This difference, known as the gap, was 17% compared to the official dollar. The price of the Blue dollar closes along with the official dollar at 3 pm, from Monday to Friday. He dollar Officer, which is acquired in banks and exchange houses authorized by the BCRA, quoted at $ 1030.50 for purchase and $ 1070.50 for sale.
Fountain: Dollar today
This price is established by the National Bank and reflects the monetary policy of the country. In addition to the Blue dollar and the official dollar, there are other exchange rates in Argentina, such as the MEP (electronic payments market) and the CCL dollar (had liquidation).
The MEP dollar quoted at $ 1163.05 for purchase and $ 1163.05 for sale, while the CCL dollar quoted at $ 1173.70 for purchase and $ 1176 for sale. The price of the blue dollar and the official dollar is influenced by several factors, including the monetary policy of the BCRA, interest rates, inflation, and market expectations.
Volatility
In this case, the volatility of the Blue dollar was related to the tone of “Sell-Off” on Wall Street, which affects emerging currencies. In addition, the decline in retentions to agriculture and the exit of dollars through the financial channel derived from the decline in retentions helped mitigate the interventions of the BCRA.
The significant difference between the dollar Blue and the official dollar has a direct impact on the Argentine economy. Citizens who choose to acquire the Blue dollar face higher prices, which can affect their purchasing power and consumption decisions. On the other hand, the official dollar, although more accessible, may be subject to restrictions and exchange controls that limit their availability.
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