The currency crisis unleashed by political and economic uncertainty managed to take a breather thanks to official intervention
By iProfessional
10/05/2023 – 07.13 hrs
After a relatively quiet start to the week, the blue dollar rose again and this Wednesday it is trading at $471, in the caves of downtown Buenos Aires.
Market sources pointed to iProfessional that the local market is waiting for the advances in the talks between the national government and the IMF, with which “until there are no tangible news, a bit of turbulence can be expected in the free dollars.”
In the stock market, the dollar counted with liquidation (CCL) is traded at $453,30; Meanwhile he MEP is offered to $430,51.
In the foreign exchange market, the retail dollar starts the wheel at an average of $238.89. In the wholesale market, the US currency, for its part, is offered at an average of $228.05.
As relevant data from Tuesday, the Central Bank closed with a positive balance of US$3 million, thus extending the shopping streak for the third consecutive round after the US$2 million obtained last Friday and the US$7 million on Monday .
After the April record of $497, the blue started May with more calm.
How much is the blue dollar trading today?
The blue dollar stands at $471 for sale and $466 for purchase.
How financial dollars operate
In the stock market, the dollar counted with settlement (CCL) is trading at $453.30; while the MEP is offered at $430.51.
What is the official dollar price
He retail dollar trades at $238.89 average.
In the wholesale market, the US currency is obtained at an average of $228.05.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marks an average of $310.56 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $394 ,17.
Meanwhile, the dollar allocated to tourism abroad -and which has a rate of 45%- stands at $418.06, while for purchases over 300 dollars -and which has an additional tax of 25%-, it is located at $477.78.
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: 97%
- CCL: 90%
- MEP: 80%
