Since Massa took office, the exchange rate gap has been reduced by 40%

Since Massa took office, the exchange rate gap has been reduced by 40%

This week, the gap between financial dollars and the exchange rate marketed by Banco Nación was in the range of 80% and 90%. Trend towards exchange rate stability.

Ministry of Economy

This week, the gap between financial dollars and the exchange rate marketed by the National Bank was in the range of 80% and 90%reflecting a trend towards exchange rate stability. If the assumption of the Minister of Economy, Sergio Massaon July 27, 2022, the gaps were reduced on average by around one 40%.

To analyze in more detail the evolution of the difference between the exchange rates It is worth reviewing the values ​​and differences with the official dollar of each of the instruments.

massa

Sergio Massa.

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Compared to the Dolar bluethe most widespread parallel exchange rate, the gap before the inauguration of the minister was 138%. It is that then the parallel dollar quoted $326 in the city of Buenos Aires, while the dollar of the National Bank was offered to $137. Currently, the gap is located in the 83%with a blue dollar trading at $395 while the officer offers to $215.

In the case of financial dollars, in July of last year, the gap between the Cash with Liquidation and the dollar of National Bank was located in the 147% when the ticket operated through global bonds was offered to $339. This week the gap was located at 89% with a quote of $406.54.

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Dollars.

Lastly, the gap MEP with the official was located in July in 84% with an exchange rate parallel to $324while this week the difference reached 84% with a quote of MEP in $397.

After some days of uncertainty, the dollar bonds they showed again trust signs and closed the week with cumulative increases of up to +10.90% (GD29). Of the argentine law bondsthe best weekly performance was by the AL30D (+8.94%)while the NY law bonds they went up hand in hand GD29D. He GD30D (plus traded bond) recorded a weekly rise of +7.22%.

Source: Ambito

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