Santiago Abdala, director of PPI, highlighted with respect to the dollar that “although a certain intraday volatility is observed, we do not see that there is going to be a run. On the other hand, we must closely follow the ‘crawling peg’ of the official exchange rate. The reality is that as long as there is no big news – which, indeed, we do not think there will be – on the local scene, we will be sailing in these volatile waters for a while longer.”.
The Central Bank (BCRA) ended with a neutral result, but in the month it accumulates purchases for more than US$660 million.
The genuine offer once again collaborated with the official strategy to meet the demand for foreign exchange without causing reserves losses for the monetary authority.
“Wednesday’s holiday introduces a pause in the activity of the local market, which will return to normal starting next Thursday with the expectation of verifying whether the process of collecting reserves continues or, on the contrary, enters a moment of slowdown due to the impact caused by the need to meet payments for energy imports, an element that has become a critical factor in the current exchange rate equation,” said analyst Gustavo Quintana.
Price of the solidarity dollar, Tuesday, May 17
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of Earnings- it rose 46 cents to $203.86 on average.
Wholesale dollar price, Tuesday, May 17
The wholesale dollar, which is directly regulated by the BCRA, rose 21 cents to $118.07, the highest daily correction, except for the beginning of the week, since last April 13.
In a wheel with a smaller traded volume, The US currency traded with a buying trend throughout the development of operations.
During the past week, the wholesale exchange rate advanced $1.13, the second highest weekly correction of the year.
Price of the CCL dollar, Tuesday, May 17
The dollar “counted with liqui” (CLC) -operated with the Global GD30 bond- it yielded 0.8% to $211.45. In this way, the gap with the official exchange rate – which is directly regulated by the Central Bank (BCRA) – was 79.1%.
Price of the MEP dollar, Tuesday, May 17
For its part, the MEP dollar or Stock Exchange -also valued with the Global 2030- it fell 0.7% to $209.31. Therefore, the spread with the wholesale dollar fell to 77.3%.
Blue dollar price, Tuesday, May 17
The blue dollar recorded its second consecutive rise this Tuesday, and reached its highest level in three weeks, according to a field survey in the Black Market of Currencies.
The informal dollar climbed another $3 and reached $208, matching the level of the MEP, which recorded its second fall in a row on Tuesday. Thus, in just two days this week, the parallel dollar accumulated an advance of $4.50.
Consequently, the gap between the blue dollar and the official wholesale exchange rate exceeded 76%.
The informal dollar came from exhibiting a rise from $2.50 during the past week.
The maximum price of the informal dollar so far this year was seen at the end of January when it traded above $223, prior to the agreement with the International Monetary Fund (IMF).
In the fifth month of the year, the blue dollar rises $7.50 after ending April at $200.50.
so far this year, the informal dollar does not register variations after ending 2021 at $208.
Crypto dollar price, Tuesday, May 17
The crypto dollar or Bitcoin dollar was almost stable at $208.25, based on the average among reporting local exchanges Coinmonitor.
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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