But in 2023, things can get complicated and volatile, mainly due to the presidential elections. In parallel, the survey shows that analysts foresee a dollar price of $319.50 for December 2023. This estimated price implies a jump of $9.12 from last month’s forecast.
The dollar, according to Focus Economics
Focus Economics is another popular survey closely watched by investors. According to the latest data for September, from 40 national and foreign economists, the exchange rate will reach $171.9 at the end of Decemberan increase of $3.8 compared to the projections made in the previous survey.
If this price is reached, the increase in the price of the wholesale dollar for all of 2022 would be 67.3%. A percentage that is still positioned far behind the inflation projections (95.4%), and that would make the exchange delay more noticeable.
Thus, the distance between the expected depreciation of the currency and the increase in prices in the economy is 28.1 percentage points for the whole year.
“The peso should weaken further by the end of the year and in 2023 due to the continuation of money printing and high inflation,” say the experts in the report.
Another aspect to take into account is that these analysts expect an official wholesale dollar of $310.6 by the end of next year, a number much higher than the 2023 Budget, presented days ago in the National Congress by the Minister of Economy. Sergio Massa, an exchange rate of $270 is stipulated.
Source: Ambito
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