In the last round of the week, the informal dollar rebounded after falling after Massa’s announcements. what happened to the officer
By philip frames
05/08/2022 – 6:00 p.m.
After the assumption of Serge Massa as economy minister exchange market finishes defining if it stabilizes, regresses or spiralizes in its behavior. In this sense, this Friday the Dolar blue quoted with an increase of two pesos to $293 and the stock market dollars registered a downward trend of up to 2%.
Analysts consulted by iProfesional pointed out that it was not a good sign that the MEP and the cash with settlement (CCL) have promptly registered increases yesterday after Massa’s press conference, because “it means that the portfolios continue to dollarize their portfolios.”
In this line, Christian Buteler, financial analyst, pointed out that the MEP and CCL were the thermometer of the response to the announcement made on Wednesday by the Minister, “that they rise between 1.5% and 2% is a bad start”.
The foreign exchange market has entered paralysis before the assumption of the new minister and waiting for announcements on measures that improve the perceived exchange rates. In parallel, developments are expected that encourage the liquidation of exporters. The “soybean” dollar launched last week had the opposite effect than expected: it was not directly implemented, so the liquidation slowed down.
Thus, in the stock market, today the dollar counted with liquidation (CCL) gave way to $284.58; while the MEP (Electronic Payment Market) fell to $280.44.
The Dolar blue it was negotiated at $293 for the sale and $288 for the purchasea.
On the other hand, the average price of the official retail dollar issued by the BCRA closed today at $139.87 on average, which marked an increase of 20 cents compared to yesterday.
In the wholesale segmentThe price of the US currency marked a rise of 25 cents compared to its last closing, at $ 132.89.
The blue dollar is on the rise
In the wholesale segmentthe price of the US currency starts the wheel at an average of $132.90.
How much is the blue dollar trading today
The blue dollar was traded at $293 for sale and $288 for purchase.
How financial dollars operate
In the stock market, the dollar counted with liquidation (CCL) gave way at $284.58; Meanwhile he MEP (Electronic Payment Market) fell to $280.44.
What is the price of the official dollar
The average price of official retail dollar closed this Friday at $139.87 on average, with which throughout the week it accumulated an increase of $1.94 cents, equivalent to a rise of 1.40% compared to last Friday.
In the wholesale marketthe price of the US currency marked a rise of 25 cents compared to its last settlement, at $132.89, while during the week it accumulated an increase of $1.62 (1.23%).
Thus, the dollar with the 30% surcharge -considered in the Country tax-, marked an average of $181.83 per unit; and with the advance payment on account of the Income Tax of 35% on the purchase of foreign currency, the average value was $230.78.
The official retail dollar traded higher
Meanwhile, the dollar for tourism abroad -and which has an aliquot of 45%- stood at $244.77.
Market sources estimated that the monetary authority ended today with a negative balance of around US$95 million, while during the week it would have sold approximately 700 million dollars.
The exchange rate gap
Finally, the exchange gap between the retail dollar issued by the BCRA and the different exchange rates is as follows:
- Blue 109%
- LCC 103%
- MEP 100%