Feb 23 • 14:46 UTC 🇦🇷 Argentina Clarin (ES)

The dollar falls again and reaches its lowest price in five months

The Argentine peso continues to recover as the dollar drops to its lowest value in five months, being sold at $1.390 at Banco Nación.

The Argentine dollar has experienced a significant drop, settling at a price of $1.390 at Banco Nación, marking its lowest value in five months. This decline extends the trend observed in recent weeks, with the wholesale exchange rate experiencing a 0.5% drop, leading to a rate of $1.368. Factors contributing to this decrease include increased foreign currency income and attractive peso interest rates for investors engaging in carry trades, which have influenced the currency market dynamics.

📡 Similar Coverage