a few days of the primary elections (STEP) where the presidential candidates for the october generalshe Dolar blue stands at the center of the scene for the $22 jump that he registered in the last round and despite the fact that he is low on this day.
Within this framework, currently parallel currency is offered to $590. For his part, he MEP dollar It has been evolving much more slowly due to the continuous interventions carried out by the Central Bank in the market. So, the gap between blue and the MEP is located in the $60.20.
As the gap between the two exchange rates widens, it becomes more attractive to investors the so-called “curl”.
What is the dollar roll?
The “loop” of the dollar consists, in this case, in buy dollar MEP and sell the amount received on the marginal market. For those who don’t know the functioning of the financial marketit is important to know that, when an investor has pesos and buy MEPfirst acquire a title in pesoswait a day (parking) and then you can sell that same title against dollars.
In this way, by buying at one exchange rate and quickly selling it at a higher one, you can acquire a significant profit in a short time.
What profit does the mash leave today with the MEP dollar?
With the prices of this Tuesday, a day in which the MEP operates at $529.80the dollar mash leaves a 10% profit
If, for example, it is decided to carry out the operation with some u$s200it must be started in the Stock Market with some $105,960 -plus commissions.
It must be remembered that to buy the MEP you need at least 24 hours (buy a bond in pesos and sell it in foreign currency the next day), due to the so-called current parking, to then transfer the dollars to the bank and later withdraw them. In this way you earn a utility of $11,040.
On the other hand, if it is decided to carry out the operation with some $500you should start with some $264,900, plus commissions in the bag. By selling them, in the caves they would pay us some $292,500which translates into a revenue of $27,600.
Source: Ambito
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