MEP and CCL dollar: how they react to the strong devaluation and how big the gap is

MEP and CCL dollar: how they react to the strong devaluation and how big the gap is

December 13, 2023 – 1:35 p.m.

The MEP dollar increases $4.73 (+0.5%) to $1016.19. For its part, the CCL dollar fell $3.66 (+0.4%), to $1,029.29. It happens after the new government announced a package of economic measures, which included a drastic cut in spending and a strong devaluation of the peso.

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He MEP dollar rises this Wednesday December 13 for the ninth consecutive day and breaks a new historical nominal record, above $1,000, although the gap collapses to almost four-year lows, after the new government announced a package of economic measures, which included a drastic cut in spending and a strong devaluation of the peso, more than 50%.

Thus, the so-called Stock Market dollar increases $4.73 (+0.5%) to $1016.19. In this way, the spread with the official exchange rate goes from 176% to 26.9%, since the official exchange rate shot up from $366 to $801.

For his part, the Dollar Cash with Settlement (CCL) falls $3.66 (+0.4%), to $1,029.29. Thus, the gap between the exchange rate used by companies and the official dollar collapses to 28.5%, from the 181.9%.

In the informal market, meanwhile, the blue dollar rises $45 until the $1,115according to a survey of Ambit in the caves of the City. In that framework, the gap with the official exchange rate falls to 39.2% (from 192% previously).

IN DEVELOPMENT…

Source: Ambito

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