In the midst of a strong climate of nervousness marked by political and economic uncertainty, the Dolar blue trades this Thursday with an increase of seven pesos and registers a new all-time high of $430 in the caves of downtown Buenos Aires. Meanwhile, financial dollars are operating with an upward trend, but “contained” by official intervention to prevent escalation.
Market sources indicated that the power struggles between the president, Alberto Fernández, and the Minister of Economy, Sergio Massa, affected the (little) tranquility that existed in the exchange market. Likewise, the lack of liquidation of the agro-export sector did not further fuel the tendency of investors to dollarize their portfolios.
In the stock market, the dollar counted with liquidation (CCL) is trading at $431.03, while the MEP It is offered at $418.42.
In the foreign exchange market, the retail dollar It trades at an average of $225.10, with a rise of 55 cents compared to yesterday. In it wholesale marketthe US currency is achieved at $218.02, with an increase of 54 cents compared to the previous close.
The blue dollar reaches an intraday record of $430
About rainy, wet
The currency crisis seems to have no end: to the currency run, the lack of liquidation of the agro-exporters for an alleged devaluation promise of the outgoing head of Advisors, Antonio Aracre, which involved a correction of the exchange rate in the order of 60% and an exchange rate split.
However, the Chamber of the Argentine Oil Industry (CIARA) reported that “the commercialization of soybeans is delayed for various reasons, especially climatic” and that “the stoppage of ports for reasons unrelated to the companies also has an influence.” They added that “the soybean purchase program and registration of export contracts for soybeans and derived products continues to be active” and that “it is expected that the harvest will begin to be marketed soon.”
In turn, from Grupo SBS they pointed out that the situation of absence of settlementstogether with the continuity in the rumors regarding economic measures, brought volatility in the market, with new advances for the parallel exchange rates and also with rises in the implicit rates of dollar futures”.
For his part, Andres Reschini, F2 Soluciones Financieras analyst, specified that beyond the financial needs of producers, the escalation in exchange rates in recent days “collapses the original PIE premium and constitutes a disincentive to liquidate. It is a bad sign.”
How much is the blue dollar trading today?
The blue dollar is located in $430 for sale and $426 for purchase.
How financial dollars operate
In the stock market, the dollar counted with liquidation (CCL) is trading at $431.03, while the MEP It is offered at $418.42.
What is the official dollar price
He retail dollar It trades at an average of $225.10, with a rise of 55 cents compared to yesterday.
In it wholesale marketthe US currency is achieved at $218.02, with an increase of 54 cents compared to the previous close.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marks an average of $291.91 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $370 .51.
Meanwhile, the dollar allocated to tourism abroad -and which has a rate of 45%- stands at $392.96, while for purchases over 300 dollars -and which has an additional tax of 25%-, it is located in $449,10.
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: 88%
- CCL: 91%
- MEP: 83%
