This Wednesday, the price of the dollar was ¢594.5 for sale and ¢588 for purchase, being the lowest price of 2019, and which was not seen prior to the national strike.
Seasonal effects such as the high season of tourism, which is linked to greater availability of foreign currency, and a slump in the commercial sector, which has resulted in less imports of goods have influenced the decline in the price of the dollar.
It is also worth noting the dynamics of both internal and external interest rates that in the most recent months have stimulated investment in the national currency versus the dollar, said economist Alberto Franco, from Ecoanálisis.
The surplus dollars of the market have been absorbed by the Central Bank for its reserves, which are at $ 8.1 billion and if those movements had not occurred, the exchange rate would be lower than the level seen these days.
Added to this, the decision of the US Federal Reserve not to increase interest rates, would be another factor that explains the fall of the US currency.
Since the beginning of the year, the dollar had fluctuated between ¢600 and ¢615.
The possibility that the value of the dollar will continue to decline will depend on the evolution of local and external rates in the coming months, given that there are expectations of a decrease in 2020, according to Franco.