On Friday, the parallel dollar It had dropped $ 6.50 to $ 200, after hitting its highest face value of $ 207 on Thursday.
Some operators linked the abrupt fall of the informal dollar with the presence of “friendly hands”, others, on the other hand, related it to speculation in the face of various rumors (such as exchange rate splitting, or devaluation of the peso as of Monday in the official market: all discarded by the Government) that habitually characterizes the previous electoral process.
The “mash” effect, other operators commented, also pushed down the price of blue, that is, the financial maneuver of buying cheaper in the official market, and then selling in the parallel market, taking advantage of the wide exchange gap.
With this sharp decline, the blue dollar accumulated a rally of just $ 1 last week. Recall that in the last four weeks, it had registered increases of $ 1.50, $ 2.50, $ 8.50, and $ 2.
Likewise, throughout October the informal dollar rose $ 11.50 (+ 6.2%) due to high inflation, exchange controls, fiscal deficit and firm country risk, which fueled devaluation expectations and put pressure on the currency, which it tends to make sudden jumps with just a few operations.
In any case, so far in 2021 the parallel accumulates an appreciation of $ 33.50 (close to 20%), well below the accumulated inflation of 2021, above 41%.
Let us remember that during September, the informal dollar rose $ 4.50 (+ 2.5%), after posting its lowest rise since March in August, climbing just $ 1 (+ 0.6%). After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July.
Source From: Ambito
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