The blue is getting closer to converging with the retail exchange rate. In this framework, the spread with the wholesaler stood at 4.1%, the lowest since the reinstatement of the stocks in 2019.
The blue dollar failed to find a floor and fell $25 this Thursday, December 5, at $1,025 for purchase and $1,055 for saleaccording to a survey of Scope in the caves of the city. In this way, it is getting closer and closer to the official retail exchange rate, whose current value is $1,043.17 on average, according to the BCRA.
In that framework, The spread with the wholesaler was only 4.1%, the lowest since the reinstatement of the stocks in 2019.
The informal bill falls for the fourth consecutive day and hits its lowest levels since last May 13, when it closed $1,045. In the first four business days of December, it already dropped $55, after falling another $15 the previous week.
In this regard, Gustavo Quintana, from PR Operadores de Cambio, had anticipated Scope that “the blue dollar “it is worth what it has to be in a scenario that shows the consequences of changes in expectations and monetary restriction.”
He also pointed out that seasonal factors must be taken into account: “The first half of December has always been demanding pesos and, therefore, it is likely that prices will remain the same, or even decline a little”. Meanwhile, towards the second half of the last month of the year, it changes and there is usually more demand for dollars for tourism and savings, among other elements.
For his part, the economist Gustavo Ber commented: “Even with brief breaks along the way, financial dollars continue their bearish behavior based on the climate of greater confidence and also the seasonal greater need for pesos that continues to push economic agents into liquidation.
Which ensures that this dynamic continues to narrow the “gap”, already on its way to practically evaporating, which was considered “continues to bring closer the times of an exchange rate convergence within the economic normalization plan”.
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.
