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October 26, 2014
Friday, August 22, 2014

US dollar jumps one cent and a half, 'blue' falls to 13.88 pesos

The official dollar climbed one and a half cents in Buenos Aires city banks and exchange offices to close at 8.42 pesos after it gained 7.5 cents yesterday, a devaluation of 0.8 percent that marks the highest daily decline in the peso’s value following January's steep rate hike.

The Central Bank intervened to regulate the increase, buying US$30 million, which accounted for 22.5 percent of all transactions made during the day.

Meanwhile, greenbacks in the informal market lost seven cents and closed at 13.88 pesos in the last day of the financial week, while the blue-chip swap rate decreased 22 cents to close at 12.16 pesos and the stock market dollar gained two cents to close at 13.16 pesos.

Reacting to the government’s new debt swap, the so called “blue” dollar yesterday had reached a new historic record by gaining 40 cents to close at 13.95 pesos.

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Tags:  dollar  Argentina  currency  exchange  euro  blue  





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