He Dolar blue It is achieved this Monday at $474 in the caves of downtown Buenos Aires, while the market carefully watches the behavior of the prices after the measures announced on Sunday by the Minister of Economy, Sergio Massa for avoid a new run against the weight.
In the stock market, the dollar counted with liquidation (CCL) is trading at $469,08; Meanwhile he MEP offered to $434,31.
In turn, the retail dollar start the week at $240.07 averagewhile in the wholesale market, the US currency is offered at an average of $229.05.
The objective Massa with the measures announced early on Sunday, it is avoid a new run against the weightwhich shakes the shaky foundations of an already troubled economy.
The 8.4% inflation in April surprised the officials of the economic team themselves; a copy of what had happened a month before, when the 7.7% in March triggered an exchange rate run that heated up the inflationary dynamics, widened the exchange rate gap and put the “soybean dollar 3” on the brink of failure, which still practically does not started and it will hardly do so if the prices of the dollars continue to rise.
Massa believes that the new rise in interest rates -the third in less than a month- will serve to avoid a worsening of dollarization, via an outflow of bank deposits. The new yield – of 97% annual nominal, 152% effective annual – will tempt savers to keep the pesos in the banks despite the inflationary acceleration. At the same time, it is clear that this 152% per year now becomes the new inflation expectation. It does not mean that the CPI will reach that level this year, but it does begin to be taken as a reference going forward.
The new rate hike seeks to avoid a worsening of dollarization
Along with the sharp rise in interest rates -it rose from 78% per year to 97% per year in just three weeks-, the Central Bank promises greater intervention in the foreign exchange market. They ensure massive sales of dollarized bonds on a daily basis, something that has already been seen in recent weeks, and that served to keep cash with liquidity and the MEP calm.
How much is the blue dollar trading today?
The blue dollar stands at $474 for sale and $469 for purchase, which represents a drop of $2 compared to the previous day.
How financial dollars operate
In the stock market, the dollar counted with liquidation (CCL) traded at $469,08 and in the week he advanced $13; Meanwhile he MEP offered to $434,31with which, compared to last Friday, it rose $2.
What is the official dollar price
He retail dollar closed today at $240.07 averagewith an increase of 65 cents compared to the last record, and thus marked a weekly advance of $4.09, equivalent to a rise of 1.73%.
In the wholesale market, the US currency ended with an increase of 20 cents compared to the previous closing, at an average of $229.05, while during the week it showed an accumulated increase of $2.95 (+1.30%).
After the April record of $497, the blue started May with more calm.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marked an average of $312.09 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $396. ,eleven.
Meanwhile, the dollar allocated to tourism abroad -and which has a rate of 45%- stood at $420.12, while for purchases over 300 dollars -and which has an additional tax of 25%-, it was located in $480,14.
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: 95%
- MEP: 81%
