Following Argentinas presidential election, the parallel dollar (blue) soared over 13% on the first business day, closing at 1,075 pesos per unit.The United States dollar in the informal sector climbed by 125 pesos.
This increase widened the gap with the official dollar, priced at 371.5 pesos.This surge happened on the first trading day after the presidential elections.
Liberal deputy Javier Milei won these elections.He will become Argentinas president on December 10.
Monday saw no financial trading due to a national holiday.The rise in the blue dollar affected other exchange rates.
These include the Contado Con Liquidacin (CCL) and the MEP dollar (Electronic Payment Market).The CCL ended at 913.18 pesos, and the MEP dollar at 935 pesos per unit.
The gap between the blue dollar and the official rate reached 189.3% today.Argentine Parallel Dollar Jumps Post-Election.
(Photo Internet reproduction)Since August 14, a day after the internal primary elections, the parallel dollars rise has become more pronounced.
In these primaries, Milei was the top candidate.From that date, the informal United States dollar has increased by 78% in price.Background Argentine Parallel Dollar JumpsThis surge reflects economic uncertainties in Argentina.
Such fluctuations often follow major political events like elections.The parallel dollar serves as a key economic indicator in Argentina.
It often reacts sharply to political and economic changes.Historically, Argentina has experienced volatility in its currency markets.
This trend highlights challenges in maintaining financial stability.The widening gap between official and parallel rates indicates growing market concerns.
These fluctuations in the parallel dollar mirror Argentinas complex economic landscape.