He Dolar blue rose strongly to $1,470 for purchase and $1,500 for sale this Friday July 12. Thus, a new historical nominal record is reached, according to a survey by Ambit in the caves of the city.
The informal exchange rate climbed $35 this Friday and reached a new symbolic price barrier: $1,500. During the week it accumulated an increase of $80 (+5.6%) and recorded its ninth rise in a row.Financial dollars are climbing, but they are still behind the blue ones.
For now, however, the most expensive exchange rate is The dollar card was located around $1,504, but the blue one was hot on its heels. He was only $4 ahead, meaning they closed almost the same.
So, The gap with the official dollar stood at 62.8%maximum level from the devaluation implemented in December by the Government of Javier Milei.
Let us remember that in June the blue leap $140 (+11.4%) and, in May, this exchange rate had already climbed $185 (+17.8%), after three months with slight fluctuations.
The city analyzes the bullish dynamic
Although the blue dollar is on a strong upward trend, many believe that it can still continue to rise. For example, some analysts estimate that the value of $1,100 that the blue dollar registered during the 2023 electoral processbefore the first round, and would be equivalent to about $2,900 today and the $550 which he reached at the time of Martín Guzmán’s resignation from the Ministry of Economy, in 2022, would be around $2,500.
So, The average of the blue dollar at today’s prices, taking into account these values, would be just over $2000. Accordingly, according to that perspective, Even with the overheating of the gap in recent weeks, the blue dollar would be cheap and this becomes even more noticeable in a context in which we continue with a situation of exchange rate controls.
“The market is demanding Dollars and, due to excess demand, the price rises. Today there is no other way out than for this market segment to see the American currency as convenient.“, he mentioned Ambit the Economist Federico Glustein.
In addition, the economist stressed the lower reserve accumulation that is having the central banksince the Ministry of Economy “thinks first of all about lower inflation “that is to correct the causes that generate the lack of accumulation of reserves, such as the exchange rate appreciation that does not allow the purchase of foreign currency, the payment of imports, among others.”
How much is the official dollar trading today, Friday, July 12?
In the official exchange market, the wholesale dollar increased by $1.50 to $921.50.
How much is the dollar futures trading today, Friday, July 12?
In dollar futures contracts, The price for the end of July rose 0.1% to $939.5in August it rose 0.3% to $974.5 and in September it rose 0.6% to $1,012.5. By the end of the year, meanwhile, it climbed to $1,168.5.
How much is the MEP dollar today, Friday, July 12?
He MEP dollar quoted at $1,424.67, so the gap with the official climbs to 54.6%.
CCL dollar value today, Friday, July 12
He dollar Cash with Settlement (CCL) operates at $1,433.71 and the spread with the officer is located in the 55.6%.
Dollar card price today, Friday July 12
He dollar card or touristand the dollar savings (either solidary) marked the $1,504.00.
Crypto dollar quote today, Friday July 12
He crypto dollar or Bitcoin dollar operates to $1,438.74according to Bitso.
Source: Ambito
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