The Central Bank (BCRA) cut a streak of five negative rounds and started March with purchases for US$40 million. It should be remembered that the monetary authority sold more than US$270 million last week and accumulated a negative balance of some US$190 million in February. This is the fourth month in a row with a negative result.
“The flow of income, surely increased by the inactivity at the beginning of the week, allowed the monetary authority to show positive balances again due to its intervention on the first day of the month,” said analyst Gustavo Quintana.
Savings or solidarity dollar
The savings dollar or solidarity dollar -retail plus tax- advanced 62 cents to $186.99 on average.
wholesale dollar
The wholesale dollar, which is directly regulated by the BCRA, rose 48 cents to $107.93. Last week, the wholesale exchange rate had advanced 77 cents, the second highest correction of the current year.
After the parenthesis imposed by the Carnival holiday, local activity resumed its usual rhythm with a certain impact on the volume of business, with an amount of operations that had not been repeated since the first fortnight of December last year.
The price correction compensated, as at the beginning of the week, the days without operations due to the weekend and holidays, without this implying for now an acceleration in the rate of adjustment of the price of the wholesale dollar.
Dollar CCL
The dollar “counted with liquid” (CCL) -with the Global 2030 bond- rose 0.9% to $202.23, with which the gap with the official stood at 87.3%.
MEP dollar
At par, the MEP or Bolsa dollar -valued with the Global 2030- fell 0.8% to $196.84, which left a spread of 82.3%. In February, they were down 10.1% ($22.43) and 8.5% ($18.17), respectively.
In the informal segment, the blue dollar pierced the $210 for the first time in five weeksaccording to a survey carried out by Ámbito in the Foreign Exchange Black Market.
The ticket recorded its largest daily drop in more than a month by dropping $5 and ending the wheel at $206. Consequently, the spread between the blue dollar and the wholesale exchange rate fell to 90.9%, the lowest level since October 2021.
The informal price came from having a stable week prior to the carnival holidays, although it remained as the most expensive exchange rate in the market since the CCL fell to the area of $200.
The uncertainty prior to the announcement of an understanding between Argentina and the IMF over the debt had caused the blue dollar to skyrocket, reaching $223.50 on Thursday, January 27, its nominal historical maximum so far. Since then, it accumulates a low $17.50.
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Source: Ambito
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