This is how the day closed this Wednesday

The Venezuelan exchange market showed on Wednesday a particular dynamic with the closure of the rates of the parallel dollar and the officer of the Central Bank of Venezuela (BCV). The BCV dollar price was set at 91.91 bolivars, while the parallel dollar closed by 115.01 bolivars.

This behavior reveals exchange gap of approximately 25.13%, indicating remarkable reduction compared to previous days.

In the first days of May the official dollar has shown sustained increase, accumulating increase of 2.89% in just three days -thus giving the value of the parallel dollar -while it has increased 4.91% in two days, which shows the volatility that permeates the market.

According to information from The Nationalthe dollar positioned this Wednesday at 116.95 bolivars, evidencing a slight increase.

The decrease in the exchange gap could be due to the strategies that the BCV has been implementing to stabilize the economic environment and reduce speculation in the exchange market. However, the difference between the two rates remains considerable and continues to impact the commercial and financial decisions of citizens and companies in the country.

Economic analysts suggest that the trend of the official dollar could be influenced by factors such as the supply and demand of currencies, government economic policies and global financial uncertainty.

In this context, the parallel dollar is maintained as a key reference for trade and informal transactions in Venezuela.

Related news