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Argentina’s parallel dollar seeks to get closer to the official rate, this November 5

MIAMI.- The dollar blue from Argentinawhich marks the values ​​of the real economy, has been narrowing its differential with the official rate, leaving far behind that 100% difference between both references that Javier Milei‘s government found. Mexico, Venezuela and Colombia remained stable. In the squares of Europe and Japan there were gentle movements.

In Europathe currency is valued at 1,08 euroscompared to 1.09 euros the previous day. The currency of the old continent is one of the most solid in the exchange market, where it is preserved as a refuge for investors.

American currency in The United Kingdom maintained its offer to £1.29. The English currency remains in “its kingdom”, occupying a preferential place in the Forex market, after leaving the euro zone in January 2020.

In Japanwent from 152.50 yen to 152.37 yen according to the Japanese issuing entity. Along with the dollar, the euro and the pound sterling it is one of the strongest in the foreign exchange market.

Quote in Argentina

In Mexicothe currency had an advance of 0.8% when it was placed in 20.26 Mexican pesosaccording to the Aztec Central Bank. The banking entity establishes the pattern in the exchange market that moves during the day in the buying and selling of the banks and serves as the exchange reference for the following day.

At the official (retail) exchange rate in Argentinaestablished by the Central Bank, the American currency reached 1,022,93 pesos. The reference price reduced the gap of more than 100% that it maintained with the parallel market, after the drastic increase implemented by President Javier Milei in order to stabilize the economy. The parallel structure of the so-called dollar blue registers an advantage of 11% regarding the officer. In this exchange market the dollar stood at 1,140 against the 1,170 from the previous day.

In Havanathe official rate, set by the Central Bank of Cubacontinues to be anchored at 24 Cuban pesos since March 2005. While the so-called black or parallel dollar remained still in 327 pesos.

Price of the dollar in Venezuela

In Caracasthe reference market, established by the Central Bank of Venezuela (BCV,) remained the same in 42.85 bolivars. While in the parallel structure, the price went from 51.25 bolivars to 51.18 bolivars, which gives a differential of 19,4% regarding the officer.

In Colombiathe American currency registered the same previous value of 4,414.00 in the Bank of the Republic. In the coffee-growing nation, annual inflation as of September was 5.81%, according to figures from the National Administrative Department of Statistics (DANE).

FUENTE: With information from the Central Bank of the different countries and parallel structures

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