The blue dollar shot up $5 and reached its highest rise in 12 days
The blue dollar soared this Wednesday, December 14 and reached the highest rise in 12 days, after climbing $3 the day before, according to a survey of Ambit in caves of the City of Buenos Aires.
The parallel dollar climbed another $5, culminating in $320 for sale, its highest in more than 4 months, set at the end of November.
Thus, the exchange gap with the official wholesale exchange rate rebounded to 86%after reaching its lowest level in almost a month on Monday (82.1%).
It should be remembered that during the second half of December 2021, the parallel dollar went from $196 to $208 at the end of the year. Although past performances do not justify future projections, it shows a particular dynamic in the period.
Asked about the future development of the dollar for the end of the year, the financial analyst christian buteler opined in dialogue with Ámbito: “I think it will continue its upward path that began a month ago, although December is seasonally a month with a higher demand for money, I think that the pesos that are being issued and will be issued will boost all the alternative dollars. They may grow somewhat above the inflation”.
About, Juan Pablo Albornozan Invecq analyst, highlighted that it is difficult to think in the very short term, although he added: “But if one analyzes the trend of the financial dollar and the broad liquidity of the economy with some indicator such as the private M3, today the CCL is more than 12% below that relationship that with greater or lesser precision at times was maintained throughout the current stocks.The blue can remain somewhat more offered these days because seasonally there is always an increase in the demand for pesos plus incoming tourism in December , which would also seem to have begun to affect the MEP. Coming out of the very short term, I think that free dollars have more upward risks than downward ones.”
Source: Ambito
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