The marginal dollar does not find its equilibrium point. The BCRA adds reserves with the soybean dollar, but it does not seem to calm the exchange market
For iProfessional
12/28/2022 – 07:24 a.m.
In a week marked by high volatility, the Dolar blue It is trading this Wednesday at $356 in the caves of downtown Buenos Aires, with which it registers a new all-time high.
A renowned Head Portfolio Manager explained to iProfessional that the blue is operating “without a roof”, with an absolutely broken place of liquidity and with exchangers who do not sell “what is not there”. In addition, he pointed out that the main problem for the caves arose with the dollar card for tourists, since “tourism generated permanent liquidity and that was lost.”
“The worrying thing is that it is going up with almost no sellers. There was an attempt to cool it down from the Government, but it will be necessary for some supply to come in rather than a call to lower its price,” said the specialist.
In the stock segment, the dollar counted with liquidation (CCL) is traded at $337.49Meanwhile he MEP (Electronic Payment Market) did it to $335.39.
For its part, the retail dollar sells for an average of $183.12.
As relevant data of the day, the BCRA bought US$147 million on Tuesday in the exchange market, favored by the incentive generated by the reimplementation of a special exchange rate for exports from the soybean chain, which is valid until the end of the month. . In this way, the total amounts to almost US$1,398 million since the Export Increase Program (PIE) was reinstated.
Free dollars close the year with an upward trend.
How much is the blue dollar trading today?
The Dolar blue operates at $356 for sale and $352 to buy.
How financial dollars operate
In the stock segment, the dollar counted with liquidation (CCL) is traded at $337.49Meanwhile he MEP (Electronic Payment Market) does so through $335.39.
What is the official dollar price
The official retail dollar sold to $183.12 average.
In the wholesale market, the US currency stands at $176.05.
With Tuesday’s records, the dollar with the 30% surcharge – contemplated in the Country tax – averages $238.05 per unit; and with the advance payment of 35% Income Tax on the purchase of foreign currency, the average value was $302.15.
The dollar allocated to tourism abroad -and which has a rate of 45%- stands at $320.46, while for purchases over u$s300 -which has an additional tax of 25%-, it is positioned in $366.24.
The blue dollar seeks its equilibrium price
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: 94%
- CCL: 84%
- MEP: 83%
