The so-called ‘blue’ dollar that trades in the informal market has dropped 41 cents during March, a 3.1 percent decrease. It closed today’s trading session at 12.62 pesos, its lowest value in eight months.
Very few transactions were registered during today due to the national transport strike.
This is the blue’s third consecutive monthly decrease, accumulating a 8.5 percent drop during the first three months of 2015.
Meanwhile, the official rate closed up by half a cent at 8.835 pesos. It accumulates a nine and a half cent rise during March (1.1%) and a 27 cent hike during the first three months of the year.
The gap between the official rate and the «blue» stands at 42.8%, the narrowest difference between the rates since June 2014.
Across the month the Central Bank sold a total of 175 million dollars from its reserves, which closed at 31.475 billion pesos in March.
Also today, the blue chip swap rate increased 16 cents to close at 12.13 pesos and the stock exchange rate advanced 10 cents to close at 12.13 pesos as well.
Source: Buenos Aires Herald