Blue Dollar Surges, Marking Biggest Daily Gain in Two months
Buenos Aires – The unofficial Argentine peso, commonly known as the “blue dollar,” experienced a significant rebound on monday, September 1, registering its largest single-day increase as July. The rate climbed to $1.372, a 1.2% rise, though slightly moderating from FridayS 1.6% increase.
This jump in the blue dollar rate reflects ongoing economic uncertainty and persistent demand for US currency amidst Argentina’s complex financial landscape. The unofficial rate serves as a key indicator of market sentiment, often diverging from the official exchange rates controlled by the Central Bank (BCRA). The Banco Nación closed at $1.385, while the retail average across all banks reported by the BCRA settled at $1.391,88.
In the official wholesale market, the dollar rose by 2.2%, closing at $1.372. Parallel dollar markets also saw increases: the MEP dollar rose 1.7% to $1,380.72, and the dollar counted with liquidation (CCL) advanced 1.9% to $1,380.63.
The card or tourist dollar, and the savings dollar (solidarity), which includes a 30% surcharge, were valued at $1.794.The crypto dollar,quoted by Caller,reached $1.372,50, while Bitcoin traded at u$108.925 on Binance.
