Blue dollar cut streak of four increases in a row, and the gap sank to 2020 lows after devaluation

Blue dollar cut streak of four increases in a row, and the gap sank to 2020 lows after devaluation

In this context, the informal dollar closed without changes after touching a intraday high of $1,150his new nominal recordaccording to a survey of Ambit in the caves of the City. Thus, the gap with the official exchange rate collapsed to 33.8%the minor since March 2020 (28.6%).

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On Tuesday, the Minister of Economy Luis Caputo announced a emergency measures packagewhere he included a devaluation of 54% of the peso against the dollarwhich made the official currency rise a 118.3%. Among the initiatives aimed at generating a fiscal adjustment to reduce the deficit they also included removal of subsidies rates and transportation, as well as the cut transfers to the provinces Yet the public work.

A new Export Increase Program which establishes that foreign sales can be settled 80% by official dollar of $800 and 20% Cash with Settlementwhich gives a exchange rate for export of $860.

For his part, the Central Bank (BCRA) announced in a statement that the official exchange rate will be devalued by 2% monthly and that the interest rate will remain unchanged, by 133% (252% effective rate). Besides, will make access to the dollar more flexible so that importers can pay off their business debts.

How much does the blue dollar rise in the year

So far in 2023, the Dolar blue accumulates a rise of $724 after closing 2022 in $346.

In the monthly accumulated of November, the parallel dollar fell $15 or 1.6%. In October, however, there was $120 or 15%. While in Septemberthe informal registered an increase of $65 or 8.8%.

In Augustthe blue dollar jumped $185 or 33.6% -the most significant monthly increase since April 2020 (+41.3%)- after the 20% devaluation of the peso post PASO.

While in the first part of the year it showed more moderate increases: in July climbed $53 (+11.3%)in June increase $4 (+0.8%)during May climbed $21 (+4.5%)in April went up $74 (+18.73%)in March recorded an increase of $20 (+5.3%)in February accumulated a drop of $6 (-1.6%) and in January the informal dollar advanced $35 (+10.1%).

How much did the official dollar operate at today, Wednesday, December 13

After the devaluation, the wholesale dollar closed to $799.95 per unit, that is, $433.50 above in relation to Tuesday’s closing.

How much the MEP dollar was sold for today, Wednesday, December 13

He MEP dollar rose $25.83 (+2.6) and was in the $1,037.29. In that way, the spread with the official exchange rate it was positioned in the 29.7%.

Value of the CCL dollar today, Wednesday, December 13

ANDThe CCL dollar fell $24.95 (-2.4%) to $1,008. Thus, the gap between the exchange rate used by companies and the official dollar was located in the 26%.

Price of the dollar card today, Wednesday, December 13

He dollar card or touristand the dollar savings (or supportive) ended at $1,332.22to the go up $153.10 (+13%).

Quote of the crypto dollar today, Wednesday, December 13

He crypto dollar or Bitcoin dollar quotes at $1,020.45according to Bitso.

Source: Ambito

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