“The official strategy slightly accelerated the rate of slide in dollar prices, but still without accompanying the rise in domestic prices, a decision that seems to use this as a kind of anchor to control inflation”highlighted the analyst Gustavo Quintana.
End of the month and closing of positions that expired this Tuesday had an impact on the volume traded in the cash segment, the largest this year.
The demand for energy import payments, added to that of each end of the month due to the closing of positions, required a strong official intervention to remedy the lack of foreign currency in the market.
In this context, with a strong presence of the demand for payment of energy and closing of positions at the end of the month, the Central Bank sold more than US$190 million, but ended the month with a positive balance of US$784 million.
It should be remembered that during May the monetary authority had to face heavy payments for energy imports, including about seven LNG ships, gas oil and fuel oil for the plants, in addition to the import of naphtha and gas oil for transportation.
In the last trading session of the month, the currency traded in a demand tone due to the buying pressure that is usually registered in the last trading session of each month. With a significant volume traded in the sector where banks and companies operate, prices exhibited a continuous advance since the beginning of the day, with an evolution that, as always, responded to the official regulation strategy.
Price of the solidarity dollar, Tuesday, May 31
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax and 35% deductible of Earnings- up 23 cents to $207.27 on average.
Price of the retail dollar, Tuesday, May 31
The dollar today -without taxes- advanced 14 cents this Tuesday to $125.62 for saleaccording to the average in the main banks of the financial system, while in Banco Nación the note increased 25 cents at $125.25.
Price of the CCL dollar, Tuesday, May 31
The dollar “counted with liquid” (CCL) -operated with the Global GD30 bond- fell 0.6% to $210.51, so the gap with the wholesale price of the dollar was 77.1%. During May, the so-called cable dollar registered a rise of 1.7%.
Price of the MEP dollar, Tuesday, May 31
For its part, the MEP dollar -also valued with the Global 2030- it fell 0.9% to $207.35, leaving a spread with the wholesaler of 72.5%, the lowest in nearly six weeks. During May, this exchange rate posted a slight advance of 0.7%.
Blue dollar price, Tuesday, May 31
The The blue dollar recorded its most important monthly advance of the year in May, rising $6.50, although it ended below the solidarity, according to a survey of Ámbito in the Foreign Exchange Black Market.
informal dollar, that during the wheel came down $1, it culminated in the $207. Thusremained the “cheapest” retail exchange rate in the market, being slightly surpassed for the second consecutive day by the savings dollar.
Crypto dollar price, Tuesday, May 31
The crypto dollar or Bitcoin dollar falls 0.1% to $205.41, based on average across local exchanges reported by Coinmonitor
More news about the Blue Dollar and the Dollar
After the spike in April, the financial dollar remained calm in May and closed around $210
The super dollar continues to fall and the signs push investors to take refuge
A pause for the super dollar: what can happen now
The salary in dollars in Argentina is the lowest in the region
In what to invest the bonus: options to beat inflation and the dollar
Source: Ambito
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