The main dollar rates in Argentina's alternative markets —Dólar Blue, Dólar MEP, and Contado Con Liquidación (CCL)— began this Saturday, November 8th, in absolute calm, replicating the closing values of the last business day. As is customary, currency trading activity is concentrated on weekdays, leaving values frozen but with expectations for the market's reopening next Monday. Closing Rates (Friday, November 7th) Since the formal currency market and the bond market do not operate on weekends, the reference rates for this Saturday are those recorded at the close of Friday, November 7th: Dólar Blue (Informal): The parallel currency closed the week with another drop, trading at $1,415 for purchase and $1,435 for sale. Dólar MEP (Stock Market): The rate arising from the buying and selling of bonds in the local market closed at around $1,478.30 for purchase and $1,481.70 for sale (Approximate reference values). Dólar CCL (Cable): The exchange rate used to send funds abroad via assets finished the week at approximately $1,464.45 for sale. Crypto Dollar: Spread: $11.02. Buy at $1,471. Credit Card Dollar: Reference Value: $1,878.50. Analysis of Change: Friday vs. Thursday The last business day (Friday, November 7th) was marked by a new decline in the informal market, which has reduced the exchange rate gap with the official dollar (which trades at an average sale price of $1,475 at the National Bank). Dólar Blue: It recorded a drop throughout Friday, with variations of up to 20 pesos down from the opening, maintaining a downward trend that moved it away from the peak of $1,550 reached in October. Dólar MEP and CCL: These financial instruments also showed slight downward pressure on Friday, closing with prices below $1,500 and contributing to a sense of temporary market stabilization. The main difference from the previous day lies in the consolidation of the Dólar Blue's drop, which became even lower than the official dollar, an atypical situation denoting the success of recent economic measures and the interest rate policy. Projections for Monday, November 10th The weekend calm is only a pause, as the market will reactivate on Monday influenced by several factors: Political-Economic Context: Recent stability is sustained by a context of greater monetary control and strong participation from the Central Bank in the market. CCL will continue to set the ceiling for free quotations. Dólar Blue: The value of the informal dollar is the most difficult to predict, as its price depends on supply and demand on the street. Any unexpected political statement or economic data could reignite volatility. Financial Markets: Dólar MEP and CCL will resume their quotation based on the movement of bonds and stocks. Although it closed the week on a downturn, post-payday retail demand and the lack of alternative savings instruments with positive returns could generate slight upward pressure at the start of the week, though no sharp jumps are expected. In summary, analysts project a start to the week with stable rates and slight fluctuations, with no clear signs of a break in the calm trend observed over the last fortnight. It is expected that, without an external stress factor, they will maintain a stable trend, slightly above the Official Dollar. Sell at $1,460.
