The rise in the dollar this month did not take savers by surprise. However, there are three types of people who find themselves in the middle of a key decision: those who are about to expire fixed termthose who had the rest of the month left to be able to invest and the people who received an amount of money for some job or other type of circumstance.
Whatever it is, a part of the Argentines have pesos in their pockets and with a high inflation regime, those pesos burn. In this sense, there are a few alternatives so as not to lose against the CPI -which stands at around 7%- nor against the different exchange rates. These are the following:
1. UVA fixed term
The first alternative to which you can resort is the UVA fixed term. Yields UVA (inflation) plus 1% per year but has the caveat that its minimum investment term is 3 months. Although there is a pre-cancellable option that withdraws after 30 days of not meeting the pre-established term, it will accrue a fixed rate lower than that of the traditional fixed term. Mainly it is an alternative for those who usually save in traditional fixed terms but that the 78% rate fell short of inflation.
On Thursday, the Central Bank must communicate its decision on interest rates in response to inflation in March. According to market analysis, it is likely that the overheating of financial dollars “will help the monetary entity raise rates above 80% TNA,” Delphos Investment anticipated. If so, the traditional fixed term will also lose against inflation but to a lesser extent.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
2. MEP dollar
The MEP dollar also called the Stock Dollar, which is acquired through the purchase and sale of bonds in the stock market through an ALyc. The advantage is that it has no quantity limit and is usually cheaper than blue.
3. Treasury Bills
LEDES, discount bills issued by the National Treasury, are designed for investors who want to be in pesos in the short term (maximum mid-year). Even though they are liquid and can be sold on the market when desired, it is usually recommended that they be held until maturity to collect the interest (or discount) already known at the time of trading.
National Treasury discount bill S31Y3 maturing on May 31, 2023. An instrument with considerable volume that pays a fixed rate and to date has an effective annual yield of 127.9%, much higher than the yield offered by a fixed term.
4. CER Bonds
- T2X3 national government bond that adjusts its capital by the CER, thus managing to keep up with inflation. This bond with maturity in August 2023 operates with a considerable volume and to date has an IRR of CER+1.7%, with an estimated IRR of 127% (term less than 9 months).
- DICP national government bond that adjusts its capital by the CER, thus managing to keep pace with inflation. This bond with a maturity in 2033 amortizes in 20 semi-annual installments starting in June 2024 and to date has an IRR of CER+13.4%. (term greater than nine months).
5. Negotiable Obligations (NO)
There are several options, for all tastes and risks. The most preferred are sectors tied to the dollar such as agriculture, oil and real estate.
6. Actions
In general terms, the shares of oil and energy companies have been showing an increase of more than 15% this month, which implies a higher rise than that of financial dollars.
Source: Ambito
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