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The final closure of the year: the dollar rose 105% in 2018 – 12/28/2018



The retail dollar quotes fell on Friday by 1.40 percent at the end of the day 38.85 peso based on daily averages removed by the Central Bank.

In this way, the whole year is heavy it was devalued by 51% against the US currency, because on the last working day of December 2017 the dollar was $ 18,921. Another way to say this is to declare dollars accumulated a 105% increase that year.

In the wholesale segment, the dollar fell 60 cents compared to Thursday and stood at $ 37.70.

If the closing of the last working day of the year is taken into account, the dollar accumulates throughout December a down 2 cents from last November; while that year accumulated an increase of $ 18,951 compared to the end of December 2017.

The 2018 jump contrasts with the relative calm that the dollar has in 2017, when it accumulated a 17.29% increase throughout the year.

The highest US currency prices are recorded at September 18, when it closed at $ 40,502, a day where in some banks it was negotiated around $ 44.

With those numbers, The dollar is one of the best investments this year in Argentina. The value, against the peso, increased by 105%.

According to ratings made by agent Bloomberg based on citation of developing country currencies, the peso lost more value than Turkish lira, another currency hardest hit this year by a crisis in emerging markets. As such, it is the most depreciated currency in emerging markets this year.


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