The financial dollar climbed to $20 in September and ended above $300

The financial dollar climbed to  in September and ended above 0

Throughout the week, the so-called “cable dollar” registered a fall of $3.27 (-1.5%), although during September it increased by $16.13 (+5.5%).

For his part, the MEP dollar -valued with Global 2030- advanced $6.65 (+2.3%) and again drilled the $300 (closed at $302). Thus, the spread with the officer reached 105.3%.

During the week, the so-called “stock market dollar” recorded a decrease of 66 cents (-0.2%), but throughout the month it appreciated $19.40 (+6.9%).

In the parallel market, meanwhile, the blue dollar closed stable at $288, according to a survey of Ámbito in the Black Market of Currencies. Meanwhile, the gap with the official dollar was 95.5%.

Throughout the week, the so-called parallel dollar registered a advance of $1 (-0.4%), although during September it dropped $2 (+0.7%).

The so-called soybean dollar allowed the monetary authority accumulate about 4,990 million dollars this month after the application of a special exchange rate for the sector of 200 pesos per dollar, which triggered liquidations for some 7,670 million dollars of the sector.

The expectation “It focuses on the measures adopted by the Government as of October, where we expect a reinforcement of the exchange control – more obstacles to imports and the ‘tourist dollar’ – to avoid a discreet adjustment in the exchange rate”, estimated from Cohen.

The BCRA closed the day with a favorable balance of about 317 million dollars, mostly from the soybean sector.

In the global economic framework, fears of a recession with rising interest rates to alleviate inflation created a marked aversion to risk at a time of a firm strength of the dollar, to which is added a crucial presidential election in Brazil, the main partner from Argentina.

From Balanz they maintained that“inflationary resilience and the validation of a more restrictive monetary policy by central banks left almost zero traces of value in asset prices (…) The dynamics of global risks are further clouding the outlook for prices of the assets”.

official dollar

The dollar today -without taxes- up 27 cents to $154.17 for saleaccording to the average that emerges from the banks of the local financial system. At Banco Nación, meanwhile, the retail note remained stable at $153 – without taxes.

The dollar I save or solidarity dollar-which includes 30% of the COUNTRY tax and 35% deductible of the Income Tax and of Personal property rises 34 cents to $254.38 for the sale.

The tourist dollar or retail card plus COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal propertyincreases 47 cents to $269.80.

The wholesale dollar, directly regulated by the BCRA, goes up 28 cents to $147.35.

Analysts estimate that the monetary authority will maintain the current rate of controlled devaluation during the last quarter of the year, without ruling out a greater speed in the weekly rate of decline to somehow couple with inflation.

Source: Ambito

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