MEP dollar: is it a good time to buy this exchange rate?

MEP dollar: is it a good time to buy this exchange rate?

He MEP dollar is located around $500 for the first time, however, it has not increased to the same levels as the rest of the exchange rates that can be accessed as a savings currency. In fact, in the days elapsed from July until now, the Cash With Settlement dollar (CCL) experienced an increase of approximately 4.2%, while the MEP dollar only increased around 3.1%.

He increase in exchange rates and rising inflation has led many people to seek to protect their savings in foreign currency, especially in dollars, highlights an article from inverted IOL online. And he maintains that, although it is true that the gap is not as wide as it was in previous months, the recent increase in the value of the CCL dollar has allowed the maximum gap between these exchange rates to be reached in recent times.

“Given the economic uncertainty and the depreciation of the local currency, saving in dollars has become the most chosen option by the Argentines”, they point out. However, they believe that many are unaware that there are easier and more cost-effective ways to access them.

In this sense, they point out that it is a good time to acquire MEP dollarbefore it adjusts the gap with the other exchange rates.

Dollar MEP: how to buy it

The process of access to MEP dollar It consists of the purchase of a bond in pesos and its subsequent sale in dollars. The titles most chosen to do so are the AL30 and the GD30, due to their liquidity in the market. The procedure is simple, first you must acquire one of these bonds in pesos, and then sell them in dollars. Of course, it is necessary to take into account that you must wait a day after your purchase, to be able to sell it.

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From IOL investonline they offer the “Simple MEP Dollar” option, which allows you to acquire this type of exchange automatically and in just one click, but you can also buy it in a similar way at other online brokers and through home banking applications .

To do so, you need to have a dollar bank account own or as co-owner. Due to Communication “A” 7340 of the Central Bank (BCRA), the amount resulting from the sale in Kind “D” is deposited in the dollar bank account that has been selected within the 24 hours after its settlement.

Likewise, it is worth clarifying that it is not an exchange operation, but an operation with securities. And, finally, it must be taken into account that, pursuant to the provisions of Communication “A” 7072, from a second transfer to the same bank account in dollars received during the calendar month, the receiving entities (banks) can defer accreditation or reject it.

Source: Ambito

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