The peso rate has gained some appeal as inflation has dropped. Some wallets are close to reversing their negative yields in real terms.
Since the slowdown in price increases in recent months, the gap between the inflation rate and the returns on investments in pesos has narrowed considerably. Some virtual wallets are close to reversing their negative returns in real terms.
The attractiveness of local currency yields depend on the continuation of the disinflationary dynamicAfter reaching 4% in July, the lowest level since January 2022, the market expects a similar figure for August, which raises fears of a stagnation in this process.
In the virtual wallet segment, The highest rate is that of the Naranja X remunerated account, which offers an Annual Nominal Rate (ANR) of 42% for investments of up to $600,000, equivalent to a monthly return of 3.5%. A similar case is that of Ualá, which gives a return of 41% for amounts of up to $500,000.
The rest of the wallets offer returns based on your investments in Mutual Investment Funds (MIF).
How much does each virtual wallet yield?
- Orange X: 42% (Paid account)
- Ualá: 41% (Paid account)
- Payment Market 36.8% (FCI)
- Prex: 35.9% (FCI)
- Personal Pay: 35.7% (FCI)
- N1u: 34.28% (FCI)
- Lemon Cash: 34.02% (FCI)
- LetsBit: 32.9% (FCI)
Advantages of having money in a virtual wallet
The advantages of having money in a virtual wallet are that:
- They allow you to invest Unfrozen money, earn daily profits and have the funds at any time without redemption period.
- They are usually supported by an FCI money market investment: an instrument that invests daily and displays the interest it generated 24 hours a day, which allows for daily monitoring.
Therefore, they are an interesting option if you want to make a short-term payment or simply let the money continue working throughout the month.
The Government is putting all its artillery to reduce inflation
Amid stagnant inflation levels, the The latest government measures suggest that reducing price increases is the most important objective for the current administration, even at the cost of putting reserves and the fiscal deficit at risk. Central Bank (BCRA) intervention in the CCL dollar to contain the gap with the official exchange rate and the 10 percentage point reduction in the PAIS tax ratewhich limits the cost of imports, seem to go in that direction.
In this context, today The TNA of monetary policy, which is what banks finance the Treasury, is 40%This is equivalent to 3.3% per month, so if inflation remains around 4% it will still remain negative.
In addition, The limit for fixed terms offered by banks with the largest number of deposits in the country is 37%although there are some smaller entities that give higher returns, up to 40%.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
