The blue dollar posted its third drop in a row and the gap closed at its lowest level in 7 weeks

The blue dollar posted its third drop in a row and the gap closed at its lowest level in 7 weeks

Conditioned by a higher demand for pesos, something common at this time of year, but also by the expectation of an agreement between Argentina and the IMF for the debt, the parallel dollar falls $ 2 to $ 196.

Therefore, the gap with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), stands at 93.1%, the lowest since October. Thus, so far in December, the informal dollar registers a decline of $ 5.50.

As for what may happen in December, the economist Federico Glustein, in dialogue with Ámbito, considered that “the blue dollar, if there is no strange movement, will remain close to the MEP price, which today both are around at $ 200 “.

“Having passed the elections where the blue seemed to grow at an accelerated rate and very far from MEP, at almost $ 30 of gap, the path of the blue seems to be more tied to stability with slight movements due to the demand of travelers, dollarization of bonuses and portfolios as a precaution, “said the specialist.

It should be remembered that in November the parallel dollar showed a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.

Also, so far in 2021 the blue dollar has accumulated an appreciation of $ 32 (less than 20%), well below the accumulated inflation of 2021, higher than 43%.

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. In August, it registered its smallest increase since March, climbing just $ 1 (+ 0.6%), and then going up $ 4.50 in September (+ 2.5%).

Source From: Ambito

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