The blue dollar collapsed more than 8% in a single day and moved away from $1,000

The blue dollar collapsed more than 8% in a single day and moved away from ,000

He informal exchange rate sank $80 (-8.1%), according to a survey of Ambit in the caves of the City, so he accumulated a decline of $145 (-13.8%) from its nominal intraday record of $1,050, registered on Tuesday of last week.

Thus, the gap with the official dollar shrank more than 20 percentage points 158.5%after staying at a pace of 200% 8 days agoexceeding the levels reached in July 2022, after the departure of Martin Guzman of the Ministry of Economy.

“There were very few businesses because no one wants to take risks. The street is very complicated,” said an operator, referring to controls by different government agencies.

The Minister of Economy and presidential candidate for the ruling party, Sergio Massa, announced that this Wednesday the operations in the City returned: “Probably, today, More than 50 raids and arrests occurred in the framework of the investigation regarding what have been the attempts to speculate“, he reported. Thus he anticipated that he will continue taking actions against “criminals who, in the situation of uncertainty, generate profits against the savings of Argentines.”

In this way, he reported that “there are already six detainees” and announced that the raids that the judge is promoting in some arrests will be expanded. “I try to be respectful of the work of justice. But this shows action,” he said.

Regarding the swap, the Central Bank confirmed that the US$6.5 billion available will be to control the exchange rate. “They can be applied to development objectives of bilateral trade and the stability of financial markets in Argentina,” said the monetary authority.

The vice minister expressed himself in the same way Gabriel Rubinstein: “US$6.5 billion are activated. And they can be used for imports, external payments or intervention in CCL/MEP, which we hope can go down and move away from the recent ‘panic’ values,” he said on his social networks.

Massa stated: “This is enormous news, which gives us a lot of maneuverability to strengthen reserves, to accelerate the payment of SME imports, to have the capacity to intervene in the market and also the peace of mind of having a guarantee so that let’s not put pressure on financial dollars.”

How much does the blue dollar rise in the year

So far in 2023, the Dolar blue accumulate one increase from $559 after closing 2022 at $346.

It should be noted that in January the informal dollar It advanced $35 (+10.1%), while in February it accumulated a fall of $6 (-1.6%). In March it registered an increase of $20 (+5.3%), in April, it rose $74 (+18.73%) and during May it rose $21 (+4.5%). In turn, in June it increased $4 (+0.8%), while in July it rose $53 (+11.3%).

In August, the Dolar blue jumped $185 or 33.6% – the largest monthly increase since April 2020 (+41.3%) – after the devaluation of 20% of the peso post STEP.

In the monthly accumulated of September, the informal dollar registered an increase of $65 or 8.8%, below the inflation, which stood at 12.7%. At the same time, it lost compared to the performance offered by the 30-day fixed term in pesos (9.7%), after far surpassing it last month.

In 2022, it advanced $138 (+66.4%) after closing 2021 at $208.

How much did the dollar trade at today, Wednesday, October 18

He wholesale dollar listed in $350.05, value that the BCRA seeks to sustain until the end of October.

For his part, the dollar savings With the new government measure, the $734.91. In this way, he narrowed the gap with the blue to two-week lows ($170), given the collapse of the parallel.

How much did the MEP dollar operate at today, Wednesday, October 18

The MEP dollar gave up 5 cents until $884.77. In that way, the gap with the officer he reached the 152.8%.

Value of the CCL dollar today, Wednesday, October 18

For its part, the “Cash with Settlement” dollar (CCL) lost $5.56 to $957.13. Thus, the spread with the official it was at 173.4%.

Price of the tourist dollar today, Wednesday, October 18

He tourist dollar or cardand savings (or solidarity) dollar -which include 30% of the COUNTRY TAX + 45% of the Perception of Profits + 25% of Gross Income– they closed in $734.91.

Quote of the crypto dollar today, Wednesday, October 18

The crypto dollar or Bitcoin dollar operates in the $996.58according to the average among local exchanges reported by Coinmonitor.

Source: Ambito

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