The quote of dollar It is a topic of great interest and relevance, especially in an economic context as volatile as the current one. On Friday, November 22, both the official dollar and the blue dollar have shown significant movements that reflect market tensions and expectations.
He dollar official, which is the exchange rate controlled by the Central Bank of the Argentine Republic (BCRA), is trading today at $984.50 for purchase and $1024.50 for sale. This exchange rate is used mainly for regulated commercial and financial operations, and its value is determined by the government’s monetary policies.
Compared to previous days, the dollar official has shown a slight upward trend. This rise can be attributed to several factors, including persistent inflation, expectations of devaluation, and economic policies implemented by the government.
Inflation in Argentina has been a chronic problem, and the depreciation of the peso against the dollar is a direct consequence of the loss of purchasing power of the local currency. The blue dollar, on the other hand, is the exchange rate that is negotiated in the informal or parallel market.
This Friday, November 22, the dollar blue is trading at $1110 to buy and $1130 to sell. The gap between the official dollar and the blue dollar is significant, reflecting the distrust of investors and savers in the government’s ability to maintain a stable exchange rate.
The blue dollar is usually an indicator of the market perception of the Argentine economy. When the gap between the official dollar and the blue dollar widens, it generally indicates greater uncertainty and a flight of capital to the informal market.
Impact
The quote of dollar It has a profound impact on the Argentine economy. A higher dollar makes imports more expensive, which can lead to an increase in the prices of goods and services, exacerbating inflation. In addition, it affects companies that have debts in dollars, increasing their financial costs and potentially leading to a reduction in investment and employment.
On the other hand, a high dollar can benefit exporters, since they receive more pesos for their products sold abroad. However, currency volatility and economic uncertainty can offset these benefits, making long-term planning and investing difficult.
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