The Central Bank accumulated purchases for US$210 million during this week, in the midst of a greater genuine offer that allowed the monetary authority to strengthen its reserves.
In this last round, the BCRA bought US$40 million, bringing the accumulated figure for the month to some US$770 million of net purchases in the market, the best record since May 2021. In the year, it adds up to US$870 million in the anus.
“The income from the agro-export complex, combined with the maintenance of exchange restrictions, and without the significant presence of payments for energy imports, generated a favorable week for the official strategy that seems to be heading to end the month with greater purchases, although still without surpass the best marks of the same month of the previous year”, highlighted the analyst Gustavo Quintana.
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 will be a run. On the other hand, we must closely monitor the ‘crawling peg’ of the 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.
Price of the solidarity dollar, Monday, May 23
The savings dollar or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of Earnings- it rose 23 cents to $204.50 on average.
Wholesale dollar price, Monday, May 23
The wholesale dollar, which is directly regulated by the BCRA, advanced 14 cents to $118.48. Thus, in the week that has just ended, the wholesale exchange rate rose $1.05 against $1.13 of the previous week.
The currency was in a clear selling trend, the product of a genuine offer that had no adequate counterpart on the authorized demand side. Prices moved with relative stability, always within the fluctuation range tolerated for today by official regulation.
Highs were made early in the session at $118.50, sixteen cents higher than the previous end. Income from abroad was accentuated early on in the sector where banks and companies operate, smoothly attending to authorized purchase orders. The amount of the offer exerted pressure on the price that responded with drops that led it to hit a minimum of $118.48, a level that, as in recent days, was defended by official intervention in the market. Central purchases halted the decline, setting a new price floor and absorbing the surplus of foreign exchange available on the date.
Price of the CCL dollar, Monday, May 23
The dollar “counted with liqui” (CCL) -operated with the Global GD30 bond- falls 0.2% to $210.25. In this way, the gap with the exchange rate The official rate -which is directly regulated by the Central Bank (BCRA)- stands at 77.4%.
Price of the MEP dollar, Monday, May 23
For its part, the MEP dollar -also valued with the Global 2030- rises 0.2% to $210.15. Therefore, the spread with the wholesale dollar is 76.2%.
Blue dollar quote, Monday, May 23
The The blue dollar recorded its second consecutive drop this Friday, May 20, and ended at a low of the week, according to a survey of Ámbito in the Black Market of Currencies. Despite that, it accumulated an advance of 50 cents from the previous weekly close.
The Informal dollar dropped another $2, accumulating a drop of $4 in the last two rounds. In any case, in the weekly balance it registered an advance of 50 cents.
Consequently, the gap between the blue dollar and the official wholesale exchange rate was reduced to 72.2%.
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 $3.50 after ending April at $200.50.
so far this year, the informal dollar drops $4 after ending 2021 at $208.
Crypto dollar price, Monday, May 23
The crypto dollar or Bitcoin dollar falls 0.65% to $206.91, based on the average among reporting local exchanges Coinmonitor.
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Source: Ambito
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