Dollar: how many exchange rates are there in Argentina
It is the reference exchange rate in Argentina. This is the dollar used by the Ministry of Economy to calculate the gross debt and the companies that must cancel maturities in foreign currency.
wholesale dollar
It is the exchanged in the segment where banks and foreign trade agents operate.
This is the bill that is sold in caves or through “little trees”, that is, outside the legal circuit.
future dollar
It is the one that is bought in the Rofex market. At that value, operations are agreed upon months in advance.
Dollar “Cash with Liquidation”
It arises from exchanging pesos for dollars abroad through the purchase and sale of shares and debt securities.
Dollar Stock Market or MEP
It consists of the purchase of bonds in the Buenos Aires stock market with pesos and the sale of the same title in dollars. The current price is $280.06.
saving dollar
ANDThis ticket has a 30% tax and each person can buy up to a maximum of US$200. At current prices, it would trade around $236.51.
Dollar card or tourist
To the average retail exchange rate, 30% of the PAIS tax and the new 45% of perception must be added, which is then deducted from the Income Tax or returned to the taxpayer at the beginning of the next year.
Dollar for foreign tourists
The operation consists of the bank or exchange house receives the dollars from the tourist and then enters them into the system through the purchase of titles in the market. That is, the Reverse operation to the one that companies usually do to obtain foreign currency through what is called Cash with Liquidation or MEP Dollar, that is, buy titles with pesos and sell them in dollars.
Dollar Cedears
Another way to dollarize savings is through the Cedears, which are certificates of deposits that represent shares of companies listed abroad and not in Argentina, as is the case, for example, with Apple, Google, Amazon, Kimberly Clark, Walmart, among others. The Cedears are bought in pesos and then converted to the value of the shares, which are listed in dollars.
Dollar Ledes
To buy Treasury bills in pesos is another way to dollarize, since some short-term titles are quoted in local currency and in dollars. In this way, a cash operation with liquidation (CCL) can be carried out without a maximum amount limit. The most used letter are being the discount letters (LEDE).
The exchange rate to access dollars through cryptocurrencies operates above $300. In the crypto ecosystem, however, there are different prices depending on the virtual wallet with which it operates.
The Central Bank (BCRA) announced the implementation of a special regime to encourage sales of the oilseed that will allow farmers to cover themselves from a possible devaluation of the official exchange rate and even buy foreign currency at the value of the dollar savings that currently trades $100 below financiers.
Source: Ambito
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