He blue dollar closed $955 for the buys and $1,005 for the sale, according to a survey of Ambit in the caves of the City.
He informal ticket fell $20 (-2%) and was located in the $1,005 in the first day of 2024. While the gap with the official dollar is reduced to 24%. To the closing of 2023the gap had arrived at 26.8%the second highest since the devaluation of Luis Caputoimplemented on December 13, when it reached 33.8%.
“This is because, in the In the short term, the tactical appetite for “carry-trade” would continue to prevailwhich leads to capturing rates of around 9% monthly, beyond being well below inflation,” explained the economist.
How much does the blue dollar rise in the year
He Dolar blue started 2024 at $1,025, but so far on Tuesday it dropped $20 to $1,005.
The iinformal closed 2023 with a rise of $679 (196.24%)by above the interannual inflation that is projected around 180%. In this way, the parallel currency was left with more than 16 percentage points of the year’s price increase. In the month of Decemberthe parallel dollar rose 7.33%.
Blue dollar rose above inflation in 2023: what are the reasons?
One of the reasons for blue rise above inflationit is because 2023 was a year marked by electoral uncertaintyto such an extent that not even one of the “traditional” political parties governed, but rather a recently created party, La Libertad Avanza (LLA), won, led by Javier Milei, a former legislator, who entered politics in 2021 after the pandemic, although before that he was an advisor to Daniel Scioli. Without a strong candidate in the provinces, Milei also emerged as president with more than 55% of the votes against Sergio Massaformer Peronist candidate.
In that context, the Dolar blue went through one of its most volatile years. The political ambitions of the ruling party led to increase monetary emissionproduct of the popularly called “silver plan“, as stated to this medium Alejandro Bianchifounder of InvestmentAdvisor.com.
In this way, the parallel exchange rate reached $1,250, and then fell to $1,005, as it closed on this day. Furthermore, with the value of MEP close to $950, the appetite for a carry trade. “The fact that the MEP This below the official plus the tax speaks of good expectations that are generating both the DNU as the Law of Bases and Starting Points for the Freedom of Argentines“said the economist.
Does the exchange rate continue?
Different analysts agreed that the exchange rate pax could continue, because “there is a lower demand for pesos“. In that sense, Andrés Reschini, of F2 Financial Solutions predicted that “even with a certain exchange rate calm, it is expected that the price of blue will firm up a little”but added that “If the current administration continues to advance with its program, it is likely that the progress will be less than inflation.”
The market, in general, has a positive view of the economic opening measures applied by the Governmentwhich is why he hopes that the Dolar blue stay on a path of pax exchange rate in the first month of the year. At the same time, it is necessary to take into account that Due to the devaluation and the sharp rise in prices, a part of the Argentines who saved will no longer have that capacity and will have to sell foreign currency to meet daily expenses.. All these indicators could give stability to the parallel market.
However, the decision of liquefy fixed-term savings in pesos that was taken with the lowering of rates and the recent measure that extends the minimum permanence periods in UVA deposits from 90 to 180 days, could generate a move towards the dollar in the futurealthough only stronger towards the second fortnight, which is when most of the traditional fixed terms that are placed today expire.
Another fact to take into account from now on is the futures market that already anticipates a rise in the official exchange rate higher than the crawling-peg Of 2%.
How much did the official dollar close at today, Tuesday, January 2
He wholesale dollar it rose $2.25 (+0.3%) and closed at $810.70.
How much the MEP dollar was sold for today, Tuesday, January 2
He MEP dollar was located in the $991.3. In this way, this type of change marked a gap 22.3% with the officer.
Value of the CCL dollar today, Tuesday, January 2
He dollar Cash with Settlement (CCL) offered to $997.45. Thus, the spread with the official exchange rate it stood at 23%.
Price of the dollar card today, Tuesday, January 2
He dollar card or touristand the dollar savings (or supportive) closed to $1,328.40.
Quote of the crypto dollar today, Tuesday, January 2
He crypto dollar or Bitcoin dollar operates at $979.99according to Bitso.
Source: Ambito
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