Current Dollar Value and its Shades of Blue: Real-Time Update on Official Quotes and Parallel Market Prices as of Tuesday, April 22, with Regular Minute-to-Minute Updates
Argentine Peso Tumbles After Exchange Control Lift
In an unexpected turn, the official dollar rate now stands at $1.110, over 50 pesos lower than the initial week of lifting exchange controls. This news comes from the Banco Nacion (BNA) board. The "black market" dollar, on the other hand, remains at $1.150. Catch up on the latest updates in this minute-by-minute coverage by Clarín.
Behind the Drop in Dollar Quotes: 5 Key Factors
During the second week of the new exchange policy, the government saw the dollar drop to levels close to pre-control exit numbers. After plunging to $1.070, the official dollar closed at $1.094 on Monday, April 22. This is a significant decrease from the close of last Wednesday. The retail dollar fell to $1.110, while financial dollars took a hit of up to 5%.
The pounding on the dollar seems to continue, as it has been on a downward spiral since last week. More Insight
The "Black Market" Dollar Pockets $1.150
The parallel dollar closed at $1.150 for sale on Monday, April 22, dropping a hundred pesos from its Friday quote. The purchase value remained steady at $1.130.
Central Bank Remains Out of Market Intervention
BCRA had no interventions in the foreign exchange market on Monday and reserves surged to $38.795.
The "Black Market" Dollar Sells for $1.110
After a 50-peso tumble during Monday's session, the currency closed at $1.110 for sale and $1.060 for purchase.
Conversations with the Authors
For news and updates related to the official and parallel dollar rates, check out this minute-by-minute coverage: Click Here
Interested in More?
- Dollar Today and Dollar Blue, LIVE: How Much the Official is Trading and What was the Price of the Parallel this Monday, April 21, Minute by Minute
- Five Reasons Behind the Decline in Quotes After the Exit from Exchange Controls
- After Government Pressure Not to Raise Prices, Companies and Supermarkets Resume Negotiations
Stay updated with exclusive journalism from our reporters at the Último Momento section cparisi@our website and hegarcia@agea.com.ar.
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- The official dollar closed at a significant decrease of 50 pesos from last week's initial week of lifting exchange controls, trading at $1.094 on Tuesday.
- The "black market" dollar, typically a benchmark, is currently selling for $1.150, showing a drop of 100 pesos from its sale value on Friday.
- In the banking and insurance sector, financial dollars took a hit of up to 5%, reflecting the overall drop in dollar quotes.
- As the Argentine peso continues to struggle, the finance industry is closely monitoring the exchange rate developments following the government's decision to lift exchange controls.
