Official exchange rate drops 2.5%

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This morning the official exchange rate of the dollar to the peso dropped from $4.50 to $4.39. That's right --- you read it correctly the dollar went down by 2.5%! Hey folks -- that's the wrong direction! :mad:
 
I'd say that the BCRA intervened. Nothing catastrophic is happening with major currencies this morning. The blue dollar might come down a bit, but this changes nothing if the AFIP continues to block people from buying dollars.
 
bradlyhale said:
I'd say that the BCRA intervened. Nothing catastrophic is happening with major currencies this morning. The blue dollar might come down a bit, but this changes nothing if the AFIP continues to block people from buying dollars.
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BCRA intervenes every day but this is quite a fall especially considering that the market pressure is for it to do just the opposite.
 
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