Price of the dollar today, May 28

MIAMI.- He dollar keeps this tuesday May 28 its stability in European and British marketwhile it presented a subtle growth in Japan. Meanwhile, exchange rate instability persists in the countries of the region, especially in the parallel structures of Argentina, Cuba and Venezuela.

In it european marketthe currency is located in 1,08 euros for the tenth consecutive day. The currency of the old continent is one of the most solid in the Forex market, where it is preserved as a refuge for investors.

In United Kingdomthe dollar remains in £1.27 for the sixth consecutive closure. The British currency continues “in his kingdom”, occupying a preferential place in the exchange 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 registered a slight increase this Tuesday, going from 156.73 to 156.80 yen. The Japanese currency, along with the dollar, the euro and the pound sterling, is one of the most robust in the foreign exchange market, despite having lost value against the American currency at the beginning of the year.

Price of the dollar in Cuba and Argentina

In Mexicothe currency suffered an exchange rate slide of 0,29% to settle in 16,65 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 rate, established by the Central Bank, is located at 933.75 Argentine pesos. The official market 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, it has an advantage of 28%. In this arena, it is quoted in 1,195 Argentine pesos.

In Havanathe dollar continues anchored to the 24 Cuban pesos since March 2005 in the official price, set by the Central Bank of Cuba. In the so-called parallel or black market, whose value is 13 times greater, the price plummeted to 320 Cuban pesos.

Quote in Venezuela

In Venezuelathe official market, established by the Central Bank, maintains the same value as the previous trading day. 36.51 bolivars. While in the parallel currency, he advanced this Tuesday 0,91% to achieve the 40.73 bolivars.

In Colombiathe American currency is quoted in 3,878.07 Colombian pesos at the rate set by the Bank of the Republic. In the coffee-growing nation, annual inflation as of April was 7,16%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

Tarun Kumar

I'm Tarun Kumar, and I'm passionate about writing engaging content for businesses. I specialize in topics like news, showbiz, technology, travel, food and more.

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