For its part, the MEP -also valued with the Global 2030- operates almost stable at $210.67. Therefore, the spread with the wholesaler directly regulated by the Central Bank (BCRA) falls below 80% to 78.7%.
On Thursday, INDEC reported that April inflation was 6%. Although the general index slowed compared to March, what was worrying was that core inflation (which does not take into account seasonal factors or prices regulated by the Government) accelerated to 6.7%.
In this way, in the last 12 months, prices jumped 58%, a figure not seen since 1992, when the country was coming out of hyperinflation.
Likewise, the rise in prices, added to the strength of the US currency in the world, forces the monetary authority to carefully monitor the evolution of the exchange rate to prevent the delay from deepening too much and generates a greater search for coverage in alternative markets to the official one.
“Persistently high inflation, negative real rates and a misaligned currency are some of the main macroeconomic challenges facing the authorities,” said Alberto Ramos of Goldman Sachs & Co.
“Despite political and economic uncertainty, financial dollars continue to respond with a lateralization at this stage, even as traders recognize that – after the current break – the high nominal value of the economy should tilt them back towards an upward realignment for not continue losing relative ground,” said Gustavo Ber.
official dollar
In this context, the dollar today -without taxes- rises 15 cents this Monday, May 16, to $123.26 for sale, according to the average in the main banks of the financial system, while in Banco Nación the note remains at $123 for sale.
The savings dollar or solidarity dollar – which includes 30% of the COUNTRY tax and 35% deductible of profits – advances 25 cents to $203.38 on average.
The wholesale dollar, which is directly regulated by the BCRA, rose 45 cents to $117.92.
During the past week, the wholesale exchange rate advanced $1.13, the second highest weekly correction of the year.
On Friday, the Central Bank (BCRA) bought US$5 million from the market despite strong demand, after having sold US$100 million in the previous two rounds. In this way, it reduced its positive balance to US$540 million, but it is still the best record of the current year.
The blue dollar is advancing and is approaching its highest value in May, according to a survey by Ámbito in the Black Foreign Exchange Market.
The informal dollar rises 50 cents to $204, near its monthly high of $205. Thus, it is located above the solidarity, which operates at $203.38.
Consequently, the gap between the parallel dollar and the wholesale official exchange rate stands at 73.1%.
In the fifth month of the year, the blue dollar rises $3.50 after ending April at $200.50.
so far this year, the informal dollar registers a drop of $5 after ending 2021 at $208.
Source: Ambito
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