Despite the launch of the “soybean” dollar 2.0, the free dollars do not quite balance. Know how much all the quotes were negotiated
For iProfessional
12/26/2022 – 07:05 a.m.
After a week marked by high volatility, the Dolar blue List this Monday at $340 in the caves of downtown Buenos Aires, which translates into a new all-time high. The previous one was reached on July 22 when it reached $338 in full exchange rate run after the departure of the government of the former Minister of Economy, Martín Guzmán.
A renowned Portfolio Manager explained to iProfessional that between the need for dollars for vacations and the absence of dollars in the market after the introduction of the dollar card for tourists, “the little trees are waiting for someone to inject them with flow.”
“Due to the fact that the money changers were left without a supply of dollars from tourists, they lost their cash flow. It’s simple, no more dollars in the caves. And due to supply and demand, now whoever needs them is going to have to pay more for them. This could become a major problem for next year, because this dollar does put pressure on inflation,” warned the economist.
In the stock segment, the dollar counted with liquidation (CCL) is trading at $333.22, while the MEP (Electronic Payment Market) does so at $325.71.
For its part, the retail dollar is trading at an average of $181.74.
As relevant data of the day, the Central Bank closed the session on Friday with purchases for US$47 million and during the week it acquired US$177 million, favored by the incentive generated by the reimplementation of a special exchange rate for exports from the soybean chain, valid until the end of the month. In this way, the total amounts to almost US$1,231 million since the Export Increase Program (PIE) was reinstated.
Free dollars trended up this week.
How much is the blue dollar trading today?
The Dolar blue operates at $340 for sale and $336 to buy.
How financial dollars operate
In the stock segment, the dollar counted with settlement (CCL) trades at $333.22, while the MEP (Electronic Payment Market) trades at $325.71.
What is the official dollar price
The retail dollar trades at $181.74 average.
In the wholesale market, the US currency is offered at $174.84.
In this way, the dollar with the 30% surcharge – contemplated in the Country tax – averages $236.26 per unit; and with the 35% advance payment of the Income Tax on the purchase of foreign currency, the average value is $299.87.
The dollar allocated to tourism abroad -and which has a rate of 45%- stands at $318.04, while for purchases over u$s300 -which has an additional tax of 25%-, it is positioned in $363.48.
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: 87%
- CCL: 82%
- MEP: 79%
