The financial dollar had its biggest rise in 8 months in March and broke a new record, already above $400

The financial dollar had its biggest rise in 8 months in March and broke a new record, already above $400

Financial dollars are up again this Friday, March 31, and broke a new record at the closure. Also, the dollar Cash with Settlement (CCL) closed the month with a rise of more than $40, almost 11%, almost double the advance registered by the official exchange rate in the same perioda day after the Minister of Economy, Sergio Massaannounced a plan exchange rate stabilizationwhich contemplates a special exchange rate for agricultural exports.

During March, at the national level, the Central Bank had to sell US$1,918 million of its reserves whereupon the Government announced a exchange rate stabilization plan which includes a special exchange rate for soybeans and regional products, trying to stop this bleeding of reserves. In addition, two weeks ago, at the international level, the alarms of the international financial system went off after the fall of the US banks Silicon Valley Bank and Signature Bank, and of the European Credit Suisse.

In the porter’s bag, the Dollar Cash with Settlement (CCL) -operated with the GD30 bond- rose $3.88 (+1%) and closed at $406.67, marking a new nominal maximum value at closing and, during the day, he reached the unprecedented $407.62. Indeed, the spread with the official was located in the 94.6%.

For his part, he MEP dollar or Bag -operated with the GD30 bond- maintained its upward trend and rose $5.55 (+1.4%), to $397.37, thus outperforming blue. The spread with the official was 90.1%.

At the monthly level, the dollar CCL accumulated a rise from $40.26 (+11%). For his part, he MEP dollarin March, went up $39.90 (+11.1%).

Find out more – I followed the price of the blue dollar, official, CCL and MEP in Argentina

In the parallel market, meanwhile, the dollar blue rose $2 and ended at $395 for sale, according to a report of Ambit in the parallel market. Throughout the month, she recorded a advance of $20 or 5.3%.

Last Thursday, Massa said in washington that next week an exchange rate stabilization plan will be launched, which includes a special exchange rate for soybean exports and certain commodities from regional economies, that It will run through April.

The measure comes after arduous negotiations between the Economy and the sector regarding what mechanism would be implemented to generate an improvement in competitiveness when exporting. This was confirmed by official sources Ambit in a context in which it is sought to promote the liquidation of dollars in the coming months due to the lack of supply of commercial currencies.

On the other hand, this Thursday the Central Bank (BCRA) sold another US$76 million this Thursday and accumulated 18 consecutive days with negative balances in their interventions. In this way, so far this month he records a drain of US$1,799.5 million from its reserves.

This Friday the IMF will confirm if the Argentine goals were met by the end of 2022. If the answer is positive, the organism must disburse US$5.300 million and Argentina pay a outstanding debt of about US$2.7 billion.

He An agreement with the organization signed a year ago commits the country to add some US$7.7 billion in BCRA reserves to the first quarter of 2023when analysts calculate that the net currently total about US$3,000 million, in the midst of important daily sales of currencies to meet demand.

Qatar dollar price, Friday March 31

He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- increased 86 cents, at $432.48.

This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.

Price of the tourist dollar or card dollar, Friday, March 31

He tourist dollar or card -Retailer 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- rose 75 cents and closed at $378.42.

Savings dollar price, Friday March 31

He savings dollar or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax Earnings and Personal Property– went up 71 centsuntil the $356.80.

Price of the wholesale dollar, Friday, March 31

The wholesale dollarwhich is directly regulated by the BCRA, rose 42 cents to $209.01 for sale. In the weekthe wholesale exchange rate advanced $3.23 (+1.8%), the highest weekly correction since August 2019. Thus, throughout the month, rose 6.02%, the most important advance so far in 2023while accumulated an increase of 18% in the year.

Price of the crypto dollar, Friday, March 31

He Crypto dollar or Bitcoin dollar rises 0.7% to $397.16, based on the average among local exchanges reported by Coinmonitor.

Source: Ambito

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