The financial dollar scored its first fall four days this Monday March 20 after reach a new nominal high above $406, when the global markets analyzed the consequences of the rescue of the Credit Suisse bank through the purchase by the UBS for 3,000 million francs (3,200 million dollars), in an acquisition backed by promises of unlimited financing from the main monetary authorities.
The dollar Cash with Settlement (CCL) -operated with the Global 2030 bond- it yielded $1.95 (-0.5%) to $401.56, after hitting a nominal record of $406.14 at the start of the day. Thus, the spread with the wholesale exchange rate reached 96.3%.
While, the MEP dollar -operated with the Global 2030 bond- fell $1.21 at $387.63. Indeed, the gap with the official was located in the 89.5%.
The fall in financial exchange rates occurred in the midst of own exchange rate tensions and fears about the global banking reality, which hardens the positioning of risk investors.
The Central Bank (BCRA) ended with a selling balance of about 261 million dollars due to the market’s own demand, the largest daily drop of currencies since mid-February last, while country risk climbed to its maximum in the last four months.
At the same time, “680 million dollars of CAF and CABEI credits entered the reserves. The credits enter without going through the market, that is why the seller balance” in the free exchange market, explained an official source. He added that “in the day, they accessed the YPF market for 20 million for the payment of an ‘ON’, Santa Fe for 26 million for a bonus from the province and (the energy firm) Enarsa for 262 million for the advance payment of LNG These payments were expected to be made and do not alter the BCRA’s forecast for the first quarter of the year.”
Market sources stated that in addition the monetary entity It has already made three disbursements for 1,000 million dollars each of the current ‘swap’ with China. Before the end of the month, a fourth disbursement for another 1,000 million dollars should enter and a last one remains for April, all as part of the ‘swap’ for 18,500 million dollars in force.
“For companies that trade with China in local currencies, that is, that pay in yuan, the possibility of changing payment terms is being evaluated,” a bank spokesman said on condition of anonymity.
Meanwhile, the final endorsement of the IMF board of directors is awaited to release 5,300 million dollars based on the objectives met by the fourth quarter of 2022, within the framework of the 44,000 million agreement signed a year ago by the government of President Alberto Fernández.
The country risk measured by the JP.Morgan bank rose 14 units, to 2,402 basis points, as at the end of last November, compared to a historical maximum level of 2,976 units recorded in July 2022.
This Wednesday, the Treasury will hold a tender for bonds to cover maturities, which are mostly in private hands, commented analysts, after a recent exchange to clear short-term obligations.
The focus on assets continues to be on two lines: the continuation of the global financial crisis and the US Federal Reserve’s decision on Wednesday regarding its interest rate policy.
Qatar dollar price, Monday March 20
He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% to Personal Assets account- went up $2.62 to $423.70.
This exchange rate applies to consumption abroad with debit and credit cards over $300 per month.
Price of the tourist dollar or card dollar, Monday, March 20
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 for consumption with cards abroad of up to US$300 per month- advanced $2.29 to $370.74.
Savings dollar price, Monday March 20
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– rose $2.16 to the $349.55.
Price of the wholesale dollar, Monday, March 20
The wholesale dollar, that directly regulates the BCRA, rose $1.19 (0.6%) to $204.53.
Price of the blue dollar, Monday March 20
He blue dollar increased $3 to $386 for saleaccording to a survey of Ambit in caves of the city of Buenos Aires.
Price of the crypto dollar, Monday, March 20
He Crypto dollar or Bitcoin dollar rises 0.5% to $395.64, based on the average among local exchanges reported by Coinmonitor.
Source: Ambito
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