They will be called BYMA Dollar Index and BYMA CCL Index. They will be published daily at the end of the round and will seek to unify the valuation of financial exchange rates.
Starting this Wednesday, economic agents will have a reference quote for the financial dollars. Is about two new indices that will seek to unify the valuation of the MEP dollar and the cash with settlement (CCL). Bolsas y Mercados Argentinos (BYMA) begins to publish them daily.
Specifically, today the “BYMA Dollar Index” and the “CCL BYMA Index”, which are prepared based on the operations of each day arranged on the stock market. At the end of the round, your first quote will be known.
The initiative comes at a time of compression of the exchange gap, driven above all by the settlement of 20% of exports through the CCL (through the scheme known as the blend dollar) which adds supply to financial quotes. In the last hours, the MEP drilled $1,030 and cash with liquid, $1,080.
Until now, there was no unified price through an index and the implicit exchange rate was taken as a reference from the prices (against pesos and against dollars) of the bond operations with the highest turnover, such as the AL30 or the GD30.
Now, BYMA will make the new indicators available. “The BYMA Dollar Index represents the implicit parity in asset operations that are negotiated to be settled in pesos together with those agreed to be settled in the MEP Dollar in the Argentine financial system; while the CCL BYMA Index will represent businesses operated in assets quoted in pesos along with those to be settled in dollars in foreign accounts, called Cash Dollar with Settlement (CCL),” the entity explained.
DEVELOPING…
Source: Ambito
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