The current economic situation of the Argentina caused the exodus of Uruguayans to the neighboring country for shopping to grow in recent weeks. This Tuesday the price of dollar blue from across the border jumped again. In this context, which dollar is best for Uruguayans?
The purchase price of the blue dollar currently maintains a wide gap with the official of 111.85%, the highest in 12 exchange days, which makes it an extremely attractive option for tourists.
However, in recent times the Uruguayan fintech Prex, which also operates in Argentinahas sought to compete with this informal exchange rate, offering its own listing that closely follows the behavior of the blue stock.
In turn, the Orientals have the option of paying with international credit cards at the MEP dollar rate, after a resolution of the Central Bank of the Argentine Republic (BCRA).
Dollar Prex
The Prex prepaid card offers a quote of 440 Argentine pesos per dollar for those Uruguayans who request to open a Prex Argentina account. They will receive a debit card mastercard that they can use in the neighboring country.
Dolar blue
The informal price to which foreigners and Argentine residents resort rose this Tuesday to 485 Argentine pesos and for sale it is at 490 Argentine pesos, so it is close to its historical maximum at $497.
This means that the Uruguayan who exchanges 100 dollars through this quote will be receiving (depending on the exchanger) about 48,500 Argentine pesos, compared to the 23,139 that he would receive formally (from a purchase price of 231.39, according to data of the National Bank).
MEP dollar
Finally, the type of dollar that wins the fight is the MEP dollar, which today is trading at 440.82 Argentine pesos, almost equaling the Prex dollar option.
Source: Ambito
