Dollar: which is the cheapest on the market and how to buy it

He MEP dollaralso known as “bag”is currently the cheapest currency on the market and one of the alternative ways to buy the US currency legally. It is an exchange rate that operates in the capital market and has fewer restrictions for its purchase than the so-called “solidarity dollar”.

It should be noted that the blue and the CCL are currently more expensive, in $1,135 and 1,112above the MEP dollarwhich quotes $1,074.61. To acquire the “Bag” you buy a bonus in pesos and, after acquiring it, it is sold in dollars. This way, The exchange rate is calculated from the division between the price in pesos and the quote in dollars.

In turn, the financial intermediaries through which the MEP dollar They charge a small commission of between 1% and 2% total between the purchase and sale of the assets. The securities most chosen to do so are AL30 and GD30, due to their liquidity in the market.

The MEP has several benefits. In principle, It is a way to acquire foreign currency legally and allows you to quickly get dollars in your bank account without having to leave your home.unlike the illegal or “blue” dollar.

MEP dollar: everything you need to know

It is important to keep three things in mind:

1. The period of parking It is a mandatory deadline that must be met when buying bonds in pesos and we want to sell them in dollars. The minimum period is 24 hours.

2. AFIP limited the purchase of the MEP dollar: established a limit of 100 thousand weekly nominal amounts (an equivalent of $40,000). Small investors will be able to continue buying, since the average purchase for them is around US$3,000.

3. There is no longer a 24-hour parking restriction for the operation of any asset and the elimination of the limit for the weekly sale of sovereign bonds (AL and GD) with dollar settlement.

4. The limit of 100 thousand weekly nominal values ​​on the sale of sovereign bonds (AL and GD) no longer exists.

Step by step to buy MEP dollar or Stock Market dollar

To buy MEP dollar or dollar bag, the following steps must be followed:

1. Open an account at a local broker: To get the dollar on the stock market it is necessary to open an investment account in a local stock exchange company or broker. To operate, you must open an account in one of the intermediary companies, which is free and remotely. To do this, you have to fill out some simple forms and verify your identity.
2. Deposit funds: once the investment account is opened, it is necessary to deposit the amount of money that the person wants to exchange from a bank account of the same owner. Before trading, you must have the CBU of the dollar bank account enabled to deposit the money there.
3. Buy the GD30 or AL30 voucher: To acquire the MEP dollar you must buy an asset that is traded in pesos and the US currency with immediate cash settlement (CI). For this, most investors use the GD30 bond because it has a high trading volume and its price is more stable.
4. Wait one business day with the asset in your portfolio: The interested party must do one business day of parking, which consists of a waiting time established by the National Securities Commission (CNV) that the person must go through so that the money is actually available in the account.
5. Sell ​​the bonds in dollars: Once the parking period has passed, the person can sell the assets. To do this, you must select the “Immediate Cash” option labeled AL30D/GD30D. There you must determine the number of bonds you want to sell and choose the market price. When the transaction has been completed, the liquid dollars will be available on the broker’s platform ready to be transferred to the bank account.

MEP dollar: until what time can you buy it

The hours to carry out operations are from 11 a.m. to 5 p.m.

The MEP dollar or stock market dollar is a stock market operation that arises from the purchase of certain bonds in pesos, which allow them to be sold in North American currency.

By having it in the client’s account one day as required by regulation, people can sell it and liquidate it locally. For example, whoever has money in the financial system buys the bond from you. Starting from pesos, you got dollars, which can be transferred to the bank account and available to use as you wish.

What is the difference with the blue dollar

In short, the blue dollar is an informal, black market. These are transactions between private parties outside the official market, of undeclared banknotes.

Requirements to be able to buy the MEP dollar

• Not having purchased a savings dollar during the last 90 days and committing not to buy it in the next 90 days.
• Not being a joint owner of a bank account: only one person per account can purchase the MEP dollar.
• Have declared income to carry out the operation.

MEP dollar: in which apps you can buy it

To buy this type of exchange you can use from home banking of the different banks (although in this case the purchase of the bonds is manual) to applications from various brokerage companies, which allow you to carry out the operation with just one click.