The currency crisis unleashed by political and economic uncertainty managed to take a breather thanks to official intervention
By iProfessional
04/05/2023 – 07.13 hrs
After a fall of five pesos experienced on Wednesday, the blue dollar is trading this Thursday at $468 in the caves of downtown Buenos Aires. Meanwhile, financial dollars move with ups and downs.
In this sense, after the highs reached on April 25, where the CCL reached an intraday record of $483 and the MEP was located at $473, financial dollars had marked setbacks. From the Palacio de Hacienda they pointed out that the fall in its price was driven by official intervention and the measures of the CNV, in pursuit of maintaining exchange stability.
In the stock market, the Dollar Counted Settlement (CCL) trades at $448,44; while the MEP offers to $429,46.
In the foreign exchange market, the retail dollar starts the wheel at an average of $232.88. In the wholesale market, the US currency sits at an average of $225.20.
As relevant data from Wednesday, the Central Bank sold US$125 million and closed with a negative balance for the fifth consecutive round.
The blue dollar reached a record of $497 in April and is falling at the beginning of May.
How much is the blue dollar trading today?
The blue dollar is located at $468 for sale and $463 for purchase.
How financial dollars operate
In the stock market, the dollar counted with settlement (CCL) trades at $448.44; while the MEP is offered at $429.46.
What is the official dollar price
He retail dollar quote today at $232.88 averagewith an increase of 79 cents compared to yesterday.
In the wholesale market, the US coin is offered at an average of $225.20.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marks an average of $302.74 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $384 .25.
Meanwhile, the dollar allocated to tourism abroad -and which has a rate of 45%- stands at $407.54, while for purchases over 300 dollars -and which has an additional tax of 25%-, it is located in $465,76.
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: 101%
- CCL: 92%
- MEP: 84%
