While, savers who positioned themselves in traditional fixed terms had a monthly gain of 3.3% ($50,000 vs. $51,671)considering that the average rate in banks at the beginning of March was 40.1% annual nominal, according to the Central Bank.
Both tools, however, registered negative results considering that inflation in March would be around 5%.
What should you invest in in April?
At the end of March, the Central Bank raised the interest rate again and took it to 44.5%, which will have a full impact on the fixed terms constituted as of this month. Taking this level as a reference, a saver who places $50,000 over 30 days will obtain $51,850 at the end of this month.
In the case of the foreign exchange market, Analysts anticipate a continuation of the exchange calm due to the beginning of the liquidation of currencies as a result of the thick harvestTherefore, if this scenario were fulfilled, a better result could be anticipated in investments in pesos, such as Fixed Term, even more than any other instrument in pesos tied to inflation, such as UVA Fixed Term.
“The second quarter of the year begins with renewed expectations for the process of recovery of reserves by the Central Bank, which places its confidence in the improvement of exports at the beginning of the cycle of placement of the thick harvest,” said analyst Gustavo Quintana.
In tune, the economist Gustavo Ber highlighted Ambit what “In the current environment, inflation-adjustable instruments would continue to be the winners; hence the preference and rebalancing of portfolios of the operators”.
According to the analyst, “this is due to the fact that the climate of exchange calm could extend in the current financial scenario, with the “carry-trade” in force, and thus the gap could converge towards the next scale of 60%”.
However, the scenario is not exempt from uncertainty due to: the possible breach of the guidelines of the agreement with the International Monetary Fund (IMF) and the evolution of inflation, which is already anticipated could close closer to 60% in the year . Both issues could put pressure on the dollar.
Source: Ambito
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