Dollar today live: the free quote rises to $490 for sale
The free dollar rises to 488 pesos
The free price of the dollar stretches this Monday’s gain to two pesos, to $488 in the reduced parallel market. The “blue” dollar now registers a jump of 19 pesos or 4.1% so far in May, a rise that, in any case, does not compensate for the erosion of purchasing power produced by inflation.
The free dollar rises to 487 pesos
The “blue” price gains a peso this Monday, at $487 for sale. The informal currency registers an increase of 18 pesos or 3.8% so far in May, a month for which inflation is expected to be around 9%, according to private analysts.
The $2,000 bill is already worth less than USD 5 to the “blue”
An analysis of Salvador Vitelli, head of Research at the Romano Group, compared the value of Argentine banknotes at the time they hit the streets and their loss of purchasing power as a function of inflation. He specified that from the moment of its launch until April 2023, the $100 Bill: today it would be $34,300; the $200 Bill: today it would be $3,000; the $500 Bill: today it would be $8,000, and the $1000 Bill: today it would be $12,000. That is why he concluded that it is “incredible how harmful inflation is” and explained that the issue “of $2,000 did not touch the street but it has already begun to lose value.”
The wholesale dollar rises to 234.35 pesos
The official exchange rate advances 1.6 pesos or 0.7% this Monday, to $234.35, according to the reference of the commercial dollar in the wholesale market. In the last month, the rise is 14.14 pesos or 6.4%, from $220.21 on April 24.
The free dollar was 486 pesos
The financial dollars closed the week with losses after the strong rise during the previous days: the dollar counted with liquidation fell eight pesos on Friday to $474 and the MEP dollar 13 pesos at $465 per unit.
He free dollar it fell two pesos to $486 for sale.
The Central Bank ended Friday with purchases for more than USD 100 million and accumulates a positive balance of USD 150 million in the month.