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Future dollar: with minimal operations, expectations of a 100% jump in December remain

Future dollar: with minimal operations, expectations of a 100% jump in December remain
December 11, 2023 – 1:02 p.m.

The future dollar in December operates with a rise of 6%, however the level is positioned almost double that of this day’s price of the wholesale dollar.

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He future dollar opens this Monday the first round of operations of the era of Javier Milei with minimal operationsin only four contracts -December, January, February and May-, but it maintains the trend that this month The official exchange rate ends with a rise of more than 100%, to $764just as the last business round of the Government of Alberto Fernandez.

For its part, in Matba Rofex the contract to December climbs 9% to $764. In January, it rose 3% to $878, while in February it rose 5.3% to $965 and in May it shot up 15% to $1,250.

The peso is expected to suffer a devaluation starting next Tuesday when the Minister of Economy, Luis Caputoannounce the battery of measures. The official exchange rate could be $650, implying a potential loss of 44%according to the median estimates of 13 analysts surveyed from December 1 to 5.

It should be noted that, in Matba Rofex The only contracts that are currently being negotiated are the detailed ones, the others are stopped and without operation. This is due to the virtual exchange holiday imposed by the BCRA by limiting operations in the official exchange market.

Source: Ambito

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