MIAMI.- The price of the dollar blue Argentina continues to lose momentum trading only 8% above the official benchmark, a gap that has been closing following the economic results announced by Javier Milei’s government, including the repatriation of capital, an agreement promoted by the State so that natural and legal persons declare their currencies in the country.
In Europe, the dollar remained at 1.05 euros. The currency of the old continent is one of the most solid in the currency market, where it is preserved as a refuge for investors.
In the United Kingdom, the currency remains at 1.25 pounds. The English currency remains in “its kingdom”, occupying a preferential place in the exchange market, after leaving the euro zone in January 2020.
In Japan, the American currency passed from 153.70 yen to 152.85, a decline of 0.55% in the context of a strengthening of the local currency, according to the Japanese issuing entity. Along with the dollar, the euro and the pound sterling it is one of the strongest in the Forex market.
Foreign exchange market in Cuba
In Mexico the dollar reached 20.71 Mexican pesosmaintaining its devaluation scheme, according 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 Argentina, established by the Central Bank, the currency closed with a subtle devaluation to reach 1,037.67 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 narrowed his advantage with the official reference with a difference of 8%. In this market it was quoted at 1,125 Argentine pesos.
In Havana, the official price, set by the Central Bank of Cuba, remains stuck at 24 pesos Cubans since March 2005. While the so-called black or parallel dollar remains in its comfort zone at 328 pesos.
Movement of the dollar in Venezuela
In Caracas, the official market established by the Central Bank of Venezuela (BCV) closed at 46.75 bolivars, slightly higher than the 46.64 bolivars of the previous day, an advance of 0.23%. While the parallel structure went from 57.83 bolivars to 58.32 bolivars, 0.84% more to recover the upward trend and obtain a greater exchange rate differential of 24.7%.
In Colombia, the American currency closed at 4,405.96 pesos in the Bank of the Republic. In November this price has shown erratic advances and declines, so the market remains cautious.
In the coffee-growing nation, annual inflation as of October was 5.41%, according to figures from the National Administrative Department of Statistics (DANE).
