After weeks of stability, the US dollar fell on the morning of 14th October to 3.80 pesos to buy and 3.84 pesos to sell according to major currency exchange agencies in Buenos Aires’ Microcentro. In some cases the exchange rate was as low as 3.83 pesos.
The last time the value of the US dollar fell was on the 15th September, when its market price reduced from 3.86 pesos to 3.85. This echoes a general trend towards both a strengthening peso since the latest legislative elections and a weaker dollar in world markets.
Furthermore the Merval index of the 14 leading market shares in the Buenos Aires Stock Exchange showed an increase of 1.32 percent. This is attributed to a rise in the financial and oil sectors.