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Since the beginning of 2024, official exchange rate of Argentina peso to USD is relatively flat compared to the declining rate before Milei was elected. To me,
by ayakang31415 2y ago
Since the beginning of 2024, official exchange rate of Argentina peso to USD is relatively flat compared to the declining rate before Milei was elected. To me, this indicates that inflation is slowly stablizing. But I know there is also "unofficial" exchange rate people use in Argentina. Does anyone know how the unofficial exchange rate?
- graton 2y agoIf you search for: blue dollar argentina You should find the "unofficial" rates.
- licyeus 2y agoI visited in May. When I left, at blue dollar rates, 1 USD = ~1040 Argentinine pesos; today, 1 USD = 1415 pesos. Ie, 35% inflation in 2.5 months. [1] And every month, the government claims unbelievably low inflation: 4.2% in May, 4.6% in June. 0 - https://bluedollar.net/informal-rate/ https://bluedollar.net/informal-rate/
- gus_massa 2y agoNote that at the end of January the price was a ~1250AR$, then it strangely reduced to 1000AR$ until the middle of May. In the last 15 days it raised to ~1500AR$ and then go down to ~1450AR$. I guess it will go to $1400 next week, but who knows. https://www.dolarito.ar/cotizaciones-historicas/oficial https://www.dolarito.ar/cotizaciones-historicas/oficial