He exchange market had a calm day this Wednesday, in which the quotes of the blue dollar and the MEP remain below $1,000.
He cash with settlement After having started higher and threatening to rebound, it returned to yesterday’s closing line and is trading unchanged.
Blue dollar: how much it closed at this Thursday, March 7
The blue dollar opened this Thursday at $960 for purchase and $990 for sale, dropped ten pesos mid-morning and recovered five to close the day at $985 for sale.
The informal price remains unresponsive to a dry peso market. The informal currency accumulated a loss of 45 pesos or 4.3% in March. With a wholesale dollar that rose 50 cents to 846 pesos, the exchange gap narrows to 16.4 percent.
For its part, the MEP shows some sign of recovery by rising almost ten pesos or 1% on the day and settling at $990.51. In this way, the gap with the official one is 17%, after having hit the lowest levels of the year in the previous round.
The CCL price is located at $1,021.30, in the same line as yesterday.
Blue dollar: analysts’ projection
The financial analyst Christian Buteler explained in a thread on
“One of the main reasons is the lower amount of pesos in the economy. The dollar never rose because it was expensive or cheap but because of the surplus of $$$,” he said and explained that the problem is that the rest of the prices and services of the economy continue to run at a faster speed than desired, “and a stable dollar with prices that rise 70% in a quarter is not sustainable.”
“At some point that gap will have to be reduced and between all prices in the economy going down or just one going up, what do you think will happen?” he asked himself, hinting at an upcoming rise in the official dollar.
The rest of the quotes followed their usual update along with the slide at the rate of 2% of the wholesale exchange rate.
The value of the bill in Banco Nación is $865 and in the average of the banks it is $892.34. In this way, the value of the card dollar is $1,384.
The Volume operated in the cash segment was US$ 430,654 million.
Source: Ambito
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