The The Central Bank bought US$10 million, after selling just over US$91 million last week to address insufficient supply. In this way, the positive accumulated for the month is extended to approximately US$427 million.
“In a scenario of calm and without tensions on the market, the supply of foreign exchange exceeded the authorized demand by a relative margin and gave rise to a recovery of foreign exchange for the Central Bank. After three consecutive days with reserve losses, the monetary authority was able to reverse the negative balances with a slight improvement in the accumulated figure for the month,” said analyst Gustavo Ber.
“The conformation of the understanding with the Monetary Fund translated into an improvement in the reserves of the Central Bank and for now dispelled the existing doubts in the market. In a scenario of less exchange rate tension, the monetary authority hopes to resume the path of purchases of currencies to strengthen its reserves, at least by the end of the first two months of the year,” he pointed out.
Savings or solidarity dollar
The savings dollar or solidarity dollar -retailer plus taxes- it gained 82 cents at $191.71 on average, establishing itself as the cheapest retail exchange rate on the market.
wholesale dollar
The wholesale dollar, which is directly regulated by the Central Bank, rose 30 cents to $110.68. As in every beginning of the week, the wholesale exchange rate is adjusted to compensate for the inactivity of the weekend.
Last week, the currency rose 68 cents, far from the previous week’s adjustment of 82 cents. However, the slide in the price of the dollar continues with a slight acceleration in March with an adjustment that until this Friday is in the order of 2.73% compared to last month, already exceeding the record for February.
Dollar CCL
At the beginning of this new week, the “liquid counted” dollar (CCL) -operated with the Global 2030 bond- falls 0.6% to $199.25, for which the gap with the wholesale exchange rate drops to 80 ,1%.
MEP dollar
In the same vein, the dollar MEP or Stock Exchange -also valued with the Global 2030 bond- drops 0.8% to settle at $198.65which brings the spread with the official to 79.6%.
“The Financial dollars continue to hover around $200, following rehearsed recovery from lowsand so it is that they would aim to accompany this stage of greater tranquility under a trend of lateralization, as a result of the greater appetite for placements in local currency,” said analyst Gustavo Ber.
The blue dollar records its biggest daily drop in two weeks, until it hits the lowest of the year, according to a field survey in the Black Market of Currencies.
The parallel dollar falls $2 to $200, before which the gap with the official wholesale exchange rate is reduced to 80.6%, the lowest level since July 2021.
The informal dollar advanced $1 on Friday, but ended with a weekly low of 50 cents.
Blue dollar price in the month
So far in March, the parallel dollar exhibits a decline of $11 after ending last month at $211.
More news about the Blue Dollar and the Dollar
Neither the Government nor the IMF: on whom will the next value of the blue dollar depend?
How much will the dollar reach in 2022, according to Argentine businessmen
Notes on the peso market: CER or Dollar Link?
Source: Ambito
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