On Friday, November 29, the prices of the dollar showed significant differences between the blue dollar and the official dollar. The blue dollar, which is traded in the informal market, was quoted at $1,100 for purchase and $1,120 for sale.
On the other hand, the dollar official, which is acquired in banks and exchange houses, had a price of $988.50 for purchase and $1028.50 for sale. The exchange gap between the blue dollar and the official dollar remained stable at 11%, reflecting the substantial difference in the value of both currencies.
This difference is due to the nature of the markets in which these dollars are traded. While the blue dollar circulates on the black market and usually has a higher value due to scarcity and demand, the official dollar is regulated by the Central Bank of the Argentine Republic (BCRA) and has an established price.
So far in 2024, the dollar blue has shown an increase of 22% compared to the previous year, while in November 2024, it is down 5% compared to the previous month. These movements reflect the volatility of the parallel market and the influence of economic and political factors on the value of the currency.
He dollar The official price, for its part, has maintained a relatively stable price, although it has also been affected by economic policies and the measures adopted by the government to control inflation and external debt.
The quote of dollar official has been a key tool in the country’s monetary policy, seeking to maintain economic stability and control inflation. In addition to the blue and official dollars, there are other exchange rates in Argentina, such as the MEP dollar (Electronic Payment Market) and the CCL dollar (Cash With Settlement), which also show significant differences in their quotes.
Price
He dollar MEP was quoted at $1,075.2 for purchase and $1,075.5 for sale, while the CCL dollar had a price of $1,101.90 for purchase and $1,103.30 for sale. The existence of multiple exchange rates in Argentina reflects the complexity of the financial system and the need for different mechanisms to access foreign currency.
These different exchange rates allow citizens and companies to choose the option that best suits their needs and economic circumstances. The exchange rate gap between dollar blue and the official remained stable, while the quotes of other exchange rates also showed significant variations.
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