Dollar Exchange Rates Surge in Argentina, Brazilian Real Remains Strong
Buenos Aires – Argentina’s dollar exchange rates experienced significant fluctuation on Friday, November 14, with disparities widening between official and parallel markets. Meanwhile, the Brazilian real continues to hold it’s position as latin America’s strongest currency.
The official wholesale dollar in Argentina closed at $1,403.However, the unofficial “blue dollar” traded at $1,410 for purchase and $1,430 for sale in Buenos Aires caves, according to Scope. Other dollar types also showed divergence: the CCL dollar operated at $1,485.38 (a 5.9% gap from the official rate), the MEP dollar at $1,452.64 (a 3.5% gap), and the “tourist” or card dollar at $1,852. The crypto dollar (Bitcoin) was valued at $1,482.48, as reported by Name.
In contrast, the Brazilian real, currently the 20th most exchanged currency globally, maintains its strength. Brazil utilizes banknotes of 2, 5, 10, 20, 50, and 100 reais, alongside coins of 5, 10, 25, 50 centavos, and 1 real. Bitcoin, the leading cryptocurrency, was trading at u$s94,396 on Binance as of Friday.
