“He futures market is showing its doubts”, expresses the PPI (Personal Investment Portfolio) report this Thursday in relation to the fact that the dollar remains at levels of $350 until October.
The August rate had an abrupt rise of 4,536 bps to 68.8% TNA, while that of September and October shot up 4,446 bps and 6,298 bps to 92.4% and 156.4%, respectively, reaching the highest levels since last Friday (before Monday’s devaluation).
Consequently, the August/September forward rate jumped from effective monthly rate from 5% to 8.6%, assigning a lower probability of maintaining the official exchange rate at $350 even at the end of August.
“More importantly, the September/October forward rate rose from 12.2% to a record 18%. In addition, the November/December forward remains elevated at 22.9% from 15.2% on 11/ 08, denoting the prospect of a more abrupt devaluation in what could be a less gradual opening of the stocks.
In sum, the market expects two discrete jumps of official FX in the coming months. one in octoberprobably after the general elections on October 22, and the second in Decemberpossibly after the new administration takes office on December 10,” PPI said.
For the fourth consecutive day, the central bank keeps the official dollar at $350 after the discreet jump. The new official dollar allowed the authority to buy US$117 million, marking a third day of consecutive purchases.
Price of the dollar today, Thursday August 17
He qatar dollar -which includes 30% of the tax COUNTRY45% deductible from Income Tax and Personal Assets, and a new perception of 5% on account of Personal Assets- is located in the $660.40.
Monday the Federal Administration of Public Revenues (AFIP) arranged a 25% reduction to 5% in the Perception of Personal Property that is applied for consumption abroad with debit and credit cards higher than the $300 monthly per person. So the call qatar dollar It stopped being the most expensive exchange rate, the place it had occupied this Monday when it reached $732.
Meanwhile, the dollar wholesaler trades in $350 per unit.
How much is the savings dollar and the card dollar today, Thursday, August 17?
He dollar savings (or jointly) and the dollar card -which includes 30% of the COUNTRY tax + 45% of the Earnings Perception– operates on $642.06.
Source: Ambito
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