MERVAL Argentina measured against US Dollar - ARS exchange rate. USDARS exchange rate is calculated as the ratio of the PBR ADR vs the APBR Equity traded on Buenos Aires exchange
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14 de Junio -- El Dolar se dispara, el Merval medido en Dolares (Merval USD) se hunde. El tipo de cambio implicito en PBR / Petrobras, sube (pero no tanto como el dolar spot)
Esto representa la valuacion del MERVAL (Argentina) medida en Dolares. Debido a que durante un periodo (2012-2015) el dolar oficial divergió de la cotización implícita del dolar BOLSA (MEP o CCL), uso una estimación o aproximación al dolar usando el ratio de acción/ADR.
English:
This represents the current MERVAL (Argentina Stock Market Index) valued in US Dollar. Due to the fact that in Argentina during the period 2012-2015 the official exchange rate for USDARS was different than the implicit exchange rate on the stock exchante, I use a proxy variable for estimating the value of USDARS using the ratio of the Petrobras stock agains its ADR on NYSE
English:
This represents the current MERVAL (Argentina Stock Market Index) valued in US Dollar. Due to the fact that in Argentina during the period 2012-2015 the official exchange rate for USDARS was different than the implicit exchange rate on the stock exchante, I use a proxy variable for estimating the value of USDARS using the ratio of the Petrobras stock agains its ADR on NYSE