Financial dollars operate with uptrend this thursday and show a marked rise, especially in the MEP, which rises very sharply and exceeds the price of Cash With Settlement (CCL), which shows a pronounced drop, on a day in which the Dolar blue it falls $1 compared to the close of the previous day and stands at $486.
This happens in a day in which the shares of the local stock market show a bearish majority and Argentine bonds also present a negative behavior in most cases.
Thus, the MEP dollar -operated with the GD30 bond in the Price-Time Priority or PPT market- rises $30.02 in the day (6.76%) to $474.10. And the gap stands at 104.05%. This is a strong jump from the opening and surpasses the CCL.
He dollar CCL -operated with the GD30 bond in the Price-Time Priority market or PPT– drops $9.67 (-2.13%) and reaches $447.70. The gap is 91.39% with the official exchange rate.
Meanwhile, in the operations carried out against Discount Bills (LEDES), it trades at $483 and, outside the official market, in the Bilateral Negotiation Segment (SENEBI), operations are closing at around $488above the blue dollar.
Why do financial dollars jump?
Analysts and operators from the City point out that these increases would respond to an absence of official intervention in the first operations of the day.
“The BCRA has not appeared so far in the financial arena. That is why they are going up strong ”, warns a voice from the City to Ámbito. And it is that, the Government has been controlling the financial dollars for several weeks through intervention in the bond market that is used for the sale of stock exchange rates.
“To the extent that the macro scenario worsens and concrete measures are not taken, we will see a dollar with an upward trendespecially due to the inflationary escalation, which is liquefying the value of the exchange rates in real terms”, describes the analyst Salvador Vitelli in this regard.
And he considers that, given the speed of deterioration seen in certain variables of the economy, investors who feel calm in dollars turn to that instrument through that market because they feel more comfortable there than in pesos and have assumed the cost to buy a higher dollar.
Thus, in recent weeks, the Argentine financial market shows selectivity with hedging in assets and dollars given the uncertain economic and political landscape.
Meanwhile, the central bank (BCRA) recently announced a rise of 600 points in the reference rate to the 97% per year and one increased intervention in the foreign exchange marketalthough without giving details about the pace of the “crawling-peg” (devaluations), at a time when the Government continues talks with the International Monetary Fund (IMF) to reprogram goals.
How much does the dollar operate today, Thursday May 18
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 52 cents and ended at $485.82
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
For his part, he savings dollar or solidarity dollar -which includes 30% COUNTRY tax and 35% deductible from Income Tax and Personal Assets- it advanced 43 cents to $400.80.
Meanwhile, the dollar wholesalerwhich is directly regulated by the BCRA, rose 70 cents to $232.35 for sale.
How much does the tourist dollar operate at today, Thursday, May 18?
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 up to $300 per month- increased 45 cents and ended to $425.09.
Source: Ambito
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