The dollars continue to search for their new equilibrium point and the market wonders if the Government will support its price in the face of a rise
For mark phillip
01/09/2023 – 10:00 a.m.
The Dolar blue quote this Monday without changes to $354 in the caves of downtown Buenos Aires, after a week in which the currency rose $7.
In the stock segment, the dollar counted with liquidation (CCL) is trading at $338.97, while the MEP (Electronic Payment Market) does so at $329.91.
For its part, the retail dollar starts the wheel at $186.61 average.
In the wholesale market, the US currency stands at $177.16.
As relevant data of the day, the BCRA announced that it activated the current currency swap agreement with the Bank of the People’s Republic of China (PBC). The swap includes the exchange of currencies to reinforce international reserves for 130 billion yuan renminbi (around US$19.5 billion) and a special activation of 35 billion yuan renminbi (about US$5 billion) to offset operations of the exchange market.
In this way, the administration of Alberto Fernández seeks that the companies that operate in that market do so in yuan, with the aim of generating “savings” in the use of dollars and having greater reserve support.
How much is the blue dollar trading today?
The Dolar blue operates at $354 for sale and $350 to buy.
The market wonders if this year the Government will step on the dollar or follow inflation
How financial dollars operate
In the stock segment, the dollar with settlement (CCL) trades at $338.97, while the MEP (Electronic Payment Market) trades at $329.91.
What is the official dollar price
The official retail dollar trades at $186.61 average.
In the wholesale market, the US currency is available at $177.16.
Likewise, the dollar with the 30% surcharge – contemplated in the Country tax – averages $242.59 per unit; and with the advance payment of 35% Income Tax on the purchase of foreign currency, the average value is $307.91.
The dollar allocated to tourism abroad -and which has a rate of 45%- stands at $326.57, while for purchases over u$s300 -which has an additional tax of 25%-, it is positioned in $373.22..
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: 90%
- CCL: 81%
- MEP: 76%
