The blue dollar suffered a record monthly drop of almost 14% in February and it was cheaper than the MEP. In this way, the gap with the officer was positioned in a 22.3%, minimum since December 15 and is the second lowest spread since the fierce devaluation of the Minister of Economy, Luis Caputo.
The parallel currency recorded its fourth loss in a row and dropped $55. In this way, the blue dollar hit lows of almost two months and was located in $1,000 for the purchase and $1,030 for salethis Thursday, February 29, according to a survey by Ambit in the caves of the City.
In the middle of a economic crisis which deepens every day, the parallel market continues to depreciate. He Dolar blue wrote down a Record monthly drop in February of 13.8% (-$165), similar to that of July 2022 when the exchange rate fell 12.4%.
The Economist Federico Glustein attributed the sharp drop to the “recession“, which generated “agent sales to pay obligations and have some liquidity.”
For his part, the economist, Pablo Ferrariexplained that the blue fall is given for “an inverse process to that of the rise”. It should be noted that this market is marginal and with low trading volumewhich makes it more sensitive to rise when there is more demand due to an expectation of devaluation; On the contrary, now faced with an expectation of devaluation, lack of income or even that the income is not enough, there is a dollar sheddingwhich generates greater supply and leads to the currency falling, he argued.
“It is no longer just the small saver who sells, I know of specific cases of SMEs that had a main part of their savings in dollars and had to go out and sell them because they have no sales“, he expressed about a specific case.
“Added to the decline of the blue dollar, foreign exchange income was generated in the official marketcombined with a drop in demand in the market blue along with a drop in the price of all parallel markets“Glustein highlighted.
In the official market, the central bank accumulated a foreign currency purchase of US$2,357 million and since the beginning of the government of Javier Milei the monetary authority acquired US$7,507 million to increase reserves.
Also the launch of the Bopreal gender greater amount of supply in the parallel marketsince importers turned to this bond to cancel outstanding debts with their suppliers and left aside coverage in dollars.
How much the official dollar closed at today, Thursday, February 29
In the official exchange market, the wholesale dollar rose 50 cents to $842.20 per unit.
How much the MEP dollar was sold for today, Thursday, February 29
He MEP dollar operates at $1,030.27. Thus, the spread With the official exchange rate it is positioned at 22.3%.
Value of the CCL dollar today, Thursday, February 29
He dollar Cash with Settlement (CCL) mark the $1,075.62. In that way, the gap of this exchange rate with the official one stands at 27.2%.
Price of the dollar card today, Thursday, February 29
He dollar card or touristand the dollar savings (either solidary) quoted at $1,377.60.
Quote of the crypto dollar today, Thursday, February 29
He crypto dollar or Bitcoin dollar operates at $1,040.79according to Bitso.
Source: Ambito
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