In addition, the MEP dollar or regulated stock market also ended without variations at $ 179.23, which left a gap of 80.2%.
The The blue dollar fell $ 1 this Monday in its historical record of $ 194, after accumulating an advance of $ 8.50 in the week and touching its historical maximum, according to a survey of Scope in the Black Market of Currencies. In this framework, the spread with the wholesale exchange rate, which is regulated by the Central Bank, stands at 94.9%.
The Minister of Economy, Martín Guzmán, stated that “there will be no devaluation considering that the BCRA is buying dollars, we have a trade surplus and exports are growing; there is more resilience”. He also raised in relation to the agreement with the IMF the need for it to be a sustainable pact and anticipated that said agreement “will take many steps” given the large volume of debt.
The Central Bank bought $ 25 million and scored its twelfth round without sales. In this way, is heading to close the month as the best October of the last decade with a level of operations in the foreign exchange market which was always above the monthly and annual averages.
In October, they have bought more than US $ 530 million compared to sales in October 2020 for more than US $ 600 million in the same number of days. In the accumulated of the year, purchases exceed US $ 6.7 billion and it is the second best year in the last decade.
On the subject of the reserve of the monetary authority, the economist Gustavo Ber stated that “the more neutral balance that the BCRA has been exhibiting in the last few rounds deepens concerns about the dynamics of net reserves, which remain at a level that is too low in the future“.
“This is accentuated by the interventions that must be resumed in financial dollars, in order to stop the recent slide that has led different implicit exchange rates to test $ 200, a ‘psychological barrier’ that it would seek to defend itself in order to avoid an acceleration in dollarization, since it could be dangerous in a climate of mistrust and excess of pesos, “he added.
BCRA purchases 25 October.jpg
Meanwhile, analyst Gustavo Quintana said that “the weakness of the demand, as a consequence of the restrictions to access the purchase of foreign currency, continues to generate a favorable scenario for official objectives with purchases that allow it to show good results for this month, something unexpected at the beginning of the month “.
The gross international reserves of the monetary authority on Friday climbed US $ 16 million this Thursday to US $ 43,005 million. Since October 14, they did not close a wheel above US $ 43,000 million.
Official dollar
The dollar today rose 17 cents this Monday to $ 105.04 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar remained stable at $ 104.75 at Banco Nación.
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on account of Profits- advanced 10 cents to $ 173.32. Last week it was up 39 cents.
The Wholesale currency advanced nine cents to $ 99.48. During the past week, grain and oilseed exporters totaled revenues of US $ 677 million, the best record since the week ended August 13.
The highs were noted at the start at $ 99.50, eleven cents above the previous end. The values remained relatively stable, in a range of $ 99.50 / 99.49, for much of the day, until at the end of the session, income from abroad increased. The improvement in the offer forced a slight drop in the price that reached a minimum of $ 99.48 in the last section of the date, a level defended by official purchases.
The adjustment registered this Monday in the wholesale segment is identical to that of last Monday, confirming the official strategy of smoothing the slide in dollar prices, using it as an anti-inflationary anchor.
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