The currency crisis unleashed by political and economic uncertainty managed to take a breather thanks to official intervention
By iProfessional
27/04/2023 – 07,52hs
After twelve consecutive days of strong increases, the Dolar blue took a breather in its bull run and fell 21 pesos, so this Thursday it is trading at $474 in the caves of downtown Buenos Aires.
Official sources indicated that the Palace of the Treasury decided to intervene in financial dollars “to avoid speculative maneuvers.” Although the maneuver “was limited within the framework of the IMF agreement,” the Ministry of Economy told the agency that “this also came under review because they have the obligation to maintain stability in the country.”
In the stock market, the Dollar Counted Settlement (CCL) trades at $469,24while the MEP is offered in $446,43.
In the foreign exchange market, the retail dollar trades at an average of $228.43. On the wholesale market, the US coin is available for an average of $221.57.
As relevant data from Wednesday, the Central Bank sold US$49 million and cut four consecutive rounds with a positive balance. In this way, in April the monetary authority accumulates purchases for US$187 million.
The blue dollar reached an intraday record of $497
How much is the blue dollar trading today?
The blue dollar is located in $474 for sale now $469 for purchase.
How financial dollars operate
In the stock market, the Dollar Counted Settlement (CCL) trades at $469,24while the MEP is offered in $446,43.
What is the official dollar price
The retail dollar is trading at $228.43 average.
In the wholesale market, the US currency stands at an average of $221,57.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marks an average of $296.95 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $376. .91.
Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45%- stands at $399.75, while for purchases over 300 dollars -and which has an additional tax of 25%-, stands at $456.86.
The currency gap
Lastly, the exchange gap between the average retail dollar published by the BCRA and the different exchange rates is as follows:
- Blue: 107%
- CCL: 105%
- MEP: 95%
