The free dollar rises to 366 pesos
The “blue” dollar sustains the bullish streak. This Friday its sale price in the reduced parallel market increases by five pesos or 1.4%, to $366, a new nominal maximum. The free dollar registers a rise of 20 pesos or 5.8% in the course of January. With a wholesale dollar settling at $180.30, the exchange gap stretches to 103 percent.
The wholesale dollar rises to 181.35 pesos
The official exchange rate registers an increase of 38 cents, to $181.35 in the sales positions in the wholesale market. In an interannual comparison, it registers a rise of 74.8% from $103.76 on January 13 of last year, an increase validated by the Central Bank through its liquidity regulation interventions, some 20 points lower than accumulated inflation .
Deposits in dollars grew by almost USD 600 million last year
Cash deposits in dollars from the private sector increased by USD 569 million or 3.6% in 2022. According to the Central Bank, on December 30 they reached USD 16,325 million, compared to USD 15,756 million on December 30 of 2021.
This is the largest stock since October 13, 2021, when 16,327 million dollars were recorded.
For fear of excess pesos, the BCRA will not lower the rate of fixed terms until March
The objective is to stimulate the commitment of savers and investors to high yields in pesos and to avoid an abrupt dollarization of the balance left by the mega issue in December. The ghost flies over an overheating of inflation in the coming months
The Central Bank ratified yesterday, as expected, that it will not lower the monetary policy rate, which has an impact on the performance of fixed terms, despite the fact that INDEC reported inflation of 5.1%, which puts it at a distance, for second month in a row, of the mid-year records that induced, precisely, the jump in interest rates.
The MEP dollar generated a strong headache for the Central and shot up 4.5%
Inflation in December disappointed (+5.1%) and stopped the drop in interest rates; what can you expect for the last day of the week
The Central Bank was prepared to intervene, but the amount of private business was overwhelming and the monetary entity realized that it had to let the alternative dollars run because otherwise there would be more pressure on the “blue”.
The free dollar was 361 pesos
The free dollar It ended this Thursday at $361 for sale, with a daily profit of two pesos. The informal bill was traded at $362 at the mid-session, a new nominal record. Meanwhile, the currency gap with the dollar wholesalerwhich was up 22 cents to $180.87, hit 99.5 percent.
They also uploaded the MEP dollar and the counted with liquidationwhich closed at $335 and $340 respectively.
Given the inflation number, the Central leaves the reference rate at 75%. The entity failed to add reserves for the first time in the week and ended with a neutral balance.
The BCRA ended today with a neutral balance in the market, but accumulates purchases for USD 80 million this month
The amount traded in the MULC was less than USD 200 million. The BCRA ended its intervention with a neutral balance and maintains net purchases in 2023
As is common in the month of January, where exports are reduced in the foreign exchange market due to seasonal reasons, the amount traded in the spot segment was around USD 187.5 million, less than half of the USD 500 million traded daily in the last week of December.
