After months of relative calm, the informal U.S. dollar rate, or “blue dollar,” jumped by 9.8% this week. The blue-chip swap rate, a financial rate used in bond exchanges known as contado con liqui in Spanish, increased by 8.3% in the same period. With the jump, the “blue dollar” is at AR$1,230 per unit, close to its all-time high of AR$1,250 in January. The blue-chip swap rate is AR$1198. “There was a wide spread between the peso rate and the devaluation rate,” Repetto added.

Source: Bueno Aires Herald May 22, 2024 07:27 UTC