Compared to the previous survey, downward corrections were observed for the price of the dollar in January (- $ 2.25 per dollar), February (- $ 2.36 per dollar), March (- $ 2.4 per dollar) and April ( – $ 1.35 per dollar).
The average of those who best predict this variable according to BCRA criteria, indicated that the nominal exchange rate for December 2022 would be $ 156.1, a figure that is well below the median of the survey predicted by all the participants, and lower by $ 4.26 per dollar than the value predicted at the end of last month by those participants who made up the “TOP-10”.
It is worth noting that the first week of the year was characterized by an acceleration of the ‘crawling-peg’, with which the Central Bank aims to close the gap, since the value of the “greenback” grows in line with inflation, which it has been growing at over 3% per month in almost every month since March of last year.
This week the government announced that in the context of negotiations with the IMF it promised to have an exchange rate “consistent with the trade surplus, the increase in reserves and the regulations of the financial account.”
The wholesale dollar advanced four cents to $ 103.28 under the constant regulation of the BCRA. In this way, it climbed 56 cents (0.5%), the highest weekly increase in 10 months (from the week ending March 19, 2021).
In this framework, the monetary authority began 2022 with a positive balance of US $ 100 million from its intervention in the official exchange market, within the framework of the development of the fine wheat harvest.
Source From: Ambito
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