• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Argentina's exchange gap widens: MEP and contado con liqui spread closed at 5.2%

FinanceInternationalBloomberg Línea30 s readAI summary
Image: Bloomberg Línea

The gap between the MEP dollar and the contado con liqui (CCL) exceeded 7% on Thursday and closed at 5.2%, above the 3.5%-4% range it held throughout the year. The implicit cost of dollarizing on the local exchange ended at AR$1,549.42 and the cable at AR$1,630.81. Analysts attribute the move to greater CCL demand, MEP stability due to official interventions and an imbalance between supply and demand for cable dollars.

In 30 seconds

  • The MEP-CCL gap exceeded 7% and closed at 5.2%, versus the year's usual 3.5%-4%
  • The MEP closed at AR$1,549.42 and contado con liqui at AR$1,630.81
  • Analysts point to greater CCL demand and MEP stability from official interventions
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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