Retail dollar quotes fell 1.40 percent this Friday at the end of the day at 38.85 peso, based on the average daily decrease of the Central Bank.
Thus, throughout the year weight it was discounted by 51% in relation to the US currency, because on the last working day of December 2017, the dollar was 18,921 dollars. Another way to say this is to state that a dollar cumulative growth of 105% per year,
In the wholesale segment, the dollar fell by 60 cents compared with Thursday and amounted to 37.70 dollars.
If we take into account the closing of the last working day of this year, the dollar accumulated during December down 2 cents from last November; while during the year it grew by US $ 18,951 compared with the end of December 2017.
Horse racing in 2018 contrasts with the relative calm that the dollar had in 2017, when it gained an increase of 17.29% during the year.
The highest price of US currency was recorded at September 18when it closed at $ 40,502, the day on which some banks negotiated was about $ 44.
With these numbers, dollar was one of the best investments of the year in Argentina. Its value in relation to the peso increased by 105%.
According to a Bloomberg rating based on emerging market currencies, the peso lost more value than the Turkish lira; another currency suffered most from the crisis in emerging markets this year. Thus, it has become the currency that has depreciated the most in emerging markets this year.