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
01/16/2023 – 11:05 a.m.
The Dolar blue trades this Monday with an increase of six pesos to $375 in the caves of downtown Buenos Aires, a value that means its all-time high. In this way, the currency was practically at the same value as the Qatar dollar.
Market sources pointed to iProfessional that the rise of the blue is strongly linked to the lack of liquidity that the caves have to meet the demand for dollars.
“With the appearance of the dollar card for tourists, the caves lost an important source of liquidity that, until now, there was no way to supplant. Per day, exchangers need between 1 or 2 million dollars. It is a small market, but if You don’t have how to deal with the demand, the price immediately skyrockets,” explained an exchange operator from the city of Buenos Aires.
The increase in the price of the blue, is “destroying” the fixed terms. In 30 days, the currency was up more than 20% and liquidated the performance of 90 days of performance. According to estimates by market specialists, the currency is still in a bullish channel and its next objective is to reach $380 and, if it exceeds it, the next one will be $400.
In the stock segment, the dollar counted with liquidation (CCL) is trading at $352.43, while the MEP (Electronic Payment Market) does so at $346.42.
For his part, he retail dollar trades at $188.53 average. In it wholesale marketthe US currency is located at $182.22, with an increase of 93 cents in relation to the last closing.
The market wonders if this year the Government will step on the dollar or follow inflation
How much is the blue dollar trading today?
The Dolar blue operates at $375 for sale and $372 to buy.
How financial dollars operate
In the stock segment, the dollar counted with liquidation (CCL) is trading at $352.43, while the MEP (Electronic Payment Market) does so at $346.42.
What is the official dollar price
The retail dollar officialhe trades at $188.53 average.
In it wholesale marketthe US currency is located at $182.22, with an increase of 93 cents in relation to the last closing.
Likewise, the dollar with the 30% surcharge – contemplated in the Country tax – averages $245.09 per unit; and with the 35% advance payment of the Income Tax on the purchase of foreign currency, the average value was $311.07.
The blue dollar climbed again to record levels.
The dollar allocated to tourism abroad -and which has a rate of 45%- stands at $328.93, while for purchases over u$s300 -which has an additional tax of 25%-, it is positioned in $377.06.
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: 96%
- CCL: 85%
- MEP: 80%
