The blue dollar fell $10 and broke through $1,450, amid a stabilization after days of high volatility. The city’s view on the reasons for the readjustment.
He Dolar blue fell $10 and closed at $1,415 for purchase and $1,445 for sale this Friday July 19, According to a survey by Ambit in the caves of the city.
The informal exchange rate accumulated a drop of $55 in the week, recording its first fall in just over two months. In this way, the spread with the officer reached the 55.8%, after exceeding 62% on Friday, the highest of the year.
Blue dollar readjusts: the reasons
Although the Blue dollar came from strong increasesthis week it slowed down and fell for the first time in ten weeks. It started on Monday with a sharp decline, which extended on Tuesday, but on Wednesday it rebounded. However, today it fell again amid high volatility as Reaction to the official announcement of an intervention in the financial dollar market.
Now, the Government intervenes in the financial market, but not illegally. “The intervention is in the CCL dollar, in the financial ones, not in the blue one”said the CESO economist, Federico Zirulnik. Although, laterally this generates a greater supply of currencies in the market. But why is the blue dollar falling? According to the economist Gustavo Berthe “free” is readjusting after maintaining for days a significant gap with respect to the MEPFrom a spread of 1% in the first week of July, it rose to 6% in the second and reached 12% on Wednesday, while after the drop today, it fell to 8.5%.
In line with the official drop in Treasury Palace of “strengthen the weight”the operator Gustavo Quintana He expressed in dialogue with Ambit that the readjustment of the parallel market occurs in a new scenario where it is possible that pesos will start to be lacking. In this regard, the Minister of Economy, Luis Caputoassured that from now on Argentines will have to “sell dollars to pay taxes” as a counterpart to a stronger local currency.
How much did the official dollar trade today, Friday, July 19?
In the official exchange market, the Wholesale dollar rose $2.00 Opera a $927.50.
How much was the MEP dollar quoted today? Friday, July 19
He MEP dollar quoted at $1,331.70, so the gap with the official was 43.6%.
CCL dollar value today, Friday, July 19
He dollar Cash with Settlement (CCL) was offered at $1,328.48 and the spread with the official it reached 43.2%.
Dollar card price today, Friday, July 19
He dollar card or touristand the dollar savings (either solidary) operated on $1,511.20.
Crypto dollar quote today, Friday, July 19
He crypto dollar or Bitcoin dollar quoted at $1,355.01according to Bitso.
Source: Ambito
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