The so called “blue” dollar soared 30 cents to 13.35 pesos, hitting its maximum peak in almost five months. The sharp rise takes place as traders in the informal market remain alert over government raids.
“The parallel market is almost inactive because there are fears that controls intensify in the market,” traders quoted by ámbito.com said. In Buenos Aires City banks and foreign exchange offices, the official US currency closed steady at 9.075 pesos.
With the parallel jump, the gap between the two currencies’ valuation rose to 47.1 percent.
Meanwhile, the blue-chip swap rate dropped 19 cents to 12.26 pesos amid a higher demand for Argentine bonds in the United States. The stock exchange rate traded eight cents higher at 12.31 pesos.
In Buenos Aires City banks and foreign exchange offices, the American currency closed steady at 9.075 pesos.
Source: Buenos Aires Herald