The MEP dollar or Stock Market yields 1.8% to $ 190.87 and operates below the blue for the second consecutive day. Thus, the spread with the official quotation reaches 87.5%.
Operators said that due to seasonality issues, there is a demand for pesos for the payment of the Christmas bonus that is faced these days, plus the need for cash before the festive dates of Christmas and New Years.
“Financial dollars are still more offered these days, based on seasonal needs of pesos, although the perception among operators is that ‘a swallow does not make a summer’, and so we will have to wait for the evolution after the end of the year, in against a new exchange strategy agreed with the IMF “, highlighted the economist Gustavo Ber.
For the market, the collapse of the CCL in recent days probably has to do with the seasonal effect of the Personal Property tax and also due to the sale of companies that must face the payment of the Christmas bonus.
On the other hand, the Minister of Economy, Martín Guzmán, said that “there has been no fall in international reserves” and said that “for 2022 and onwards the accumulation of reserves is also an objective” of the national government.
When explaining the scope of the 2022 Budget in the Chamber of Deputies, Guzmán argued that “the main problem that Argentina has faced in 2021 has been inflationary dynamics and it is an objective of the economy to attack.”
The The blue dollar rose $ 1 this Tuesday to $ 196.50 after hitting its lowest value in seven weeks the day before, according to a survey of Ambit in the Black Market of Foreign Currency.
Consequently, the gap with the wholesale exchange rate, which is regulated by the Central Bank (BCRA), widened to 93%, from the minimum of last October.
Remember that the informal dollar comes from falling $ 4 last week, conditioned by a greater demand for pesos, something common at this time of year, before the payment of the Christmas bonus, plus the need for cash before the festive dates of Christmas and New Year.
Last Thursday, the blue dollar registered the biggest daily drop in a month, giving up $ 2.
Thus, so far in December, the informal dollar registers a decline of $ 5. It should be remembered that in November the parallel dollar showed a rise of $ 4 (+ 2%), after climbing $ 11.50 (+ 6.2%) in October.
Official dollar
The The wholesale dollar, meanwhile, rose eight cents to $ 101.78, after reaching an intraday maximum of $ 101.84 under the strict regulation of the BCRA. Thus, in the first two days of this week the exchange rate rose 23 cents, against 26 cents of rise in the same period of the previous week.
In this context, the Central Bank once again absorbed the surplus of available foreign exchange and raised about US $ 1 million, which adds up to US $ 6 million between Monday and Tuesday., after having sold $ 155 million last week.
The Central Bank once again validated in the last 5 days the highest rate of adjustment of the wholesale exchange rate since the end of April, after its president, Miguel Pesce, said in early December that the entity planned to adjust up the “crawling peg “, as long as the inflationary process allowed it.
“Near the end of the first half of December, the monetary authority exhibits a lower volume of reserve losses due to its exchange regulation action, located so far at just under half of what was sold in the previous month“, highlighted the analyst Gustavo Ber.
During the exchange round, the lows were recorded at $ 101.76, shortly after the date’s operations began, six cents above the previous end. The parity between private supply and demand justified the stability of the price, which remained almost unchanged until the end of the session, when with specific operations it reached the maximum of the date at $ 101.78, a value that served to set the price. closing of the day.
The The dollar today advanced eleven cents this Tuesday to $ 107.49 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the dollar at Banco Nación remained at $ 106.75.
The saving dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and a 35% on account of the Income Tax- it went up 18 cents to $ 177.36.
Source From: Ambito
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