However, the MEP advanced 88 cents (+0.3%) and ended at $354.81. The gap with the wholesaler was 89.7%. Meanwhile, in the month it accelerated the rise to $26.87 (+8.25%), exceeding the growth of the CCL by $3.52.
as long as the blue dollar decreased by $2 to $381, while the gap with the wholesale exchange rate reached 103.7%. While in the month, it climbed $35 (+10.1%).
“We believe that, just as It goes in the direction of containing the ‘MEP’ and the ‘CCL’ when remunerating the “short” pesos and make leverage more expensive, too reduces the premium to be placed in “long” instruments, such as a Fixed Term. This does nothing but make monetary aggregates more liquidwhich implies a risk of acceleration of nominality”he explained.
“It is difficult to predict what they can do (from the Government) because they are in a dead end,” said the financial analyst Salvador Vitelli. “We’re looking at a pretty lagging dollar,” she added.
Operators pointed out that the repurchase of external debt was aimed at making dollar bonds rise more than those in pesos in order to decompress the exchange market at times of reduced currency settlement by the agricultural sector.
The BCRA had to part with some US$87 million of its reserves on Tuesday to meet the needs of the market in moments of little liquidation of foreign exchange in the agro-export sector. In January, the BCRA sold some US$191 million, commented market sources.
“The BCRA wants to maintain relatively high very short-term rates to mitigate the rise in financial dollars“said Portfolio Personal Investments.
Qatar dollar price, Tuesday, January 31
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property TaxY a new perception of 25% on account of Personal Assets- it rose 58 cents and was offered at $388.72. In January this exchange rate rose $19.44 or 5.3% compared to the end of December 2022.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the tourist dollar or card dollar, Tuesday, January 31
The tourist dollar or retail card plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property to consumption with cards abroad of up to US$300 per month- appreciated 51 cents and sold at $340.13. In January this exchange rate rose $17.01 or 5.3% compared to the end of December 2022.
Savings dollar price, Tuesday, January 31
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– 53 cents became more expensive up to $320.69. In January this exchange rate rose $16.03 or 5.3% compared to the end of December 2022.
Price of the wholesale dollar, Tuesday, January 31
The wholesale dollar, that directly regulates the BCRA, closed at $187 per unit, forty-four cents above the previous close. “Today’s is the highest daily correction of the month, except for those at the beginning of the week,” said Gustavo Quintana.
In January the wholesale exchange rate rose 5.5%, somewhat below the 5.90% increase registered last December.
Source: Ambito
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