BCV rate is left behind: parallel dollar marks upward trend

The parallel dollar closed on Wednesday, April 23 in 106,18 bolivars, Which represents 0.41% drop compared to the amount at the opening of this morning, when it was 106.61, according to the marker ENPARALELOVZLA.

This value continues to move away significantly from the official rate of the Central Bank of Venezuela, which was set in 82.37 bolivars per dollar for this Wednesdaywhich reflects a difference greater than 28% between both quotes. At the time of spreading this note, the update for Thursday, April 24.

For its part, The National It presented a calculated rate of 116.73 bolivars, even higher than that of the informal market, demonstrating the volatility and lack of stable references in the Venezuelan exchange system.

In percentage terms, The price of the parallel dollar was positioned approximately 29.43% above the official value of the BCVwhich shows distortions in the exchange market.

To minimize the impact of this disparity, citizens and merchants have begun to use an average exchange rate. This Wednesday was around 94.50 bolivars, according to reports, as a way to find an intermediate point that facilitates daily transactions and reduces losses in purchase and sale contexts.

The gap between the price of the official dollar and the parallel translates into instability for merchants, consumers and workers. While some shops are governed by the official rate -mainly because they are subject to regulations -others prefer to adopt the parallel exchange rate to protect their margins from inflation and the risk of devaluation.

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