The private consultants that participated in the Market Expectations Survey (REM) estimated the official dollar at $839.7, as reported this Tuesday by the Central Bank (BCRA).
REM of the BCRA: how much will the official dollar be in February and why May is a key month
Ignacio Petunchi
The REM analysts spread by the Central Bank (BCRA) forecast the nominal exchange rate at $839.7 per dollar for the February average 2024 (-$30.4 per dollar compared to the previous REM). For December, the official exchange rate is expected to rise to $1,700.60.
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On his part for March The exchange rate would be, according to the analysts consulted, at $995.4, which implies $18.8 less than the previous measurement. For April, also corrected downwards, $8 than the previous REM to the $1,100 level. It just rises in May $21.8 to $1,186.6.
The Survey of Market Expectations (REM) was held between January 29 and 31 among 37 participants that included consulting firms, financial entities and local and international research centers.
Inflation: what the market thinks will happen
The analysts consulted raised their inflation estimate for Argentina for 2024 to 227% from the previously estimated 213%. The measurement took place after Javier Milei took power in December.
The experts consulted by the central bank expect inflation of 21.9% monthly in January -whose official figure will be announced in the coming days-, which would begin to decline moderately in February, to 18% monthly. The country closed 2023 with an accumulated annual inflation of 211%, according to the Government.
Source: Ambito
