LThe exchange rate gap with the official wholesale dollar remained below 90%, closing at 85.7%, its lowest level since the end of June.
According to the economist Fedeico Glustein, two phenomena are taking place that explain this exchange rate pax in the parallel dollar market. On the one hand, “Agents are waiting for new measures around the dollar that the Economy portfolio can carry out after the success of the soybean dollar; and since there is no high demand despite being the beginning of the month, it remains with a downward trend, also taking into account which is a short week with an extra-long holiday, and small players reprioritize expenses,” he told Ámbito.
On the other hand, Glustein explained that “As the dollar remained relatively stable over a period of time, below $300, it can be seen that financial instruments are well positioned, such as time deposits and bills, which today pay 107% TEA and at 30 days, which which allows the weights to be kept in motion”.
It should be remembered that the informal dollar fell in September and accumulated two consecutive months in decline, registering a decrease of $2 (-0.7%), after giving up $6 (-2%) in August.
Price of the blue dollar in the year
So far this year, the informal dollar advances $69 after closing 2021 at $208.
During the past year, the Dolar blue registered an increase of 25.3% ($42), half of the inflation rate for the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).
During August, the blue dollar fell $6 (-2%) after ending July at $296. Let us remember that in the seventh month of the year, the parallel dollar it had climbed $58 (+24.4%), which represents its biggest monthly advance in the year so far.
Previously, it had increased $31 (+15%) in June, after rising $6.50 (3.2%) in May.
The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.
What is the blue dollar?
The value of Dolar blue It has a substantial difference with the official dollar, which is acquired in banks and has an established price. Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.
Why is it called the blue dollar?
It is not clear the origin of Dolar blue as a name for ticket operation in the informal market. But there are theories.
An explanation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”.
Another theory relates it to purchase operations through bonds or shares of companies known as “blue chips”. They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.
Savings dollar price, Thursday, October 6
The dollar I save or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of the Income Tax and of Personal property– rose 64 cents and was sold to $257.88.
Price of the tourist dollar, Thursday, October 6
The tourist dollar or retail card plus COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property– it rose 68 cents to $273.51.
More news about the Blue Dollar and the Dollar
Source: Ambito
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