MIAMI.- The exchange market maintained its stability this Wednesday May 8 in Europe and United Kingdom while experiencing a slight increase in Japan. Meanwhile, in the different Latin American squares, the dollar continues to present alterations, with an upward trend in the parallel structures of Cuba and Venezuela.
In Europa, the price remains at 1,07 euros for the fourth consecutive closure. The currency of the old continent is one of the most solid in the currency market, where it is preserved as a refuge for investors.
In it british arenathe currency registers the same rate as the previous day of £1.25. The English currency remains “in his kingdom”, occupying a preferential place in the Forex market, where it was not affected as expected after the departure of the United Kingdom from the euro zone in January 2020.
In Japanthe American currency had a slight growth, going from 154.05 to 154.88 yen. The Japanese currency, along with the dollar, the euro and the pound sterling, is one of the most robust in the exchange market, despite having lost value against the American currency at the beginning of the year.
Price rises in Cuba
In Mexicothe dollar had a very small increase of 0,06% to value yourself in 16,90 Mexican pesos in the Official Gazette of the Federation (DOF). In the Aztec nation, the Central Bank establishes the price guideline and this moves during the day in the buying and selling of the banks and serves as the exchange reference for the following day.
In Argentinathe official exchange rate, set by the Central Bank, had a decline of 0,13% and was located in 922.38 Argentine pesos. The official rate reduced the gap of more than 100% that it maintained with the parallel structure, after the drastic increase implemented by President Javier Milei in order to stabilize the economy. In the parallel currency of the so-called Blue dollar, which during the last administration set the tone in the economy, now has an advantage of 13%. In this exchange market, it rose 0,49% to return to the 1,045 Argentine pesos.
In Havanathe currency remains anchored to the 24 Cuban pesos since March 2005 in the official market, established by the Central Bank of Cuba. In the so-called parallel or black market, whose value is 16 times greater, there was an increase of 0,53% to reach the 392 Cuban pesos.
Price of the dollar in Venezuela
In Venezuelathe official price, set by the Central Bank, suffered, for the second consecutive day, a very small slip of 0,02% when going down to 36.56 bolivars. While in the parallel currency, it advanced 0,68% to locate in 39.53 bolivars.
In Colombiathe American currency registered, for the fifth consecutive closing, a subtle decline, going from 3,894.23 to 3,884.84 Colombian pesos at the rate set by the Bank of the Republic. In the coffee-growing nation, annual inflation as of March was 7,26%according to figures from the National Administrative Department of Statistics (DANE).
Source: With information from the Central Bank of the different countries and parallel structures
