While the Government holds the crawling peg firm at 2%, analysts do not foresee changes at least for this year. Thus, the dollar values range between $973 as the lowest and $1,560 as the highest.
While the financial dollars remain at levels of $1,200, national and international banks and local economic consultancies analyzed How the pace of devaluation will continue by the end of this year and 2025.
In a context of maintaining the crawling peg, the Focus Economics panelists see the peso ending in $1,178 average per dollar this year and reaching $1,659 per dollar in 2025. This implies a substantial change from the previous report in which the highest value expected was $1,549. Therefore, the market seems to estimate that there would be no substantial changes in the Government’s exchange rate policy, in line with what is observed in the Rofex market.
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Consulting firms that foresee a highest value of the dollar in December are: Econviews ($1,560), Invecq Consulting ($1,500), Empiria Consultores ($1,452), OJF & Asociados ($1,447) and Fitch Ratings and Santander ($1,400).
Finally, those that see the lowest wholesale exchange rate are Pezco Economics ($973.5), Allianz ($930), Analytica Consultora ($1,032), Aurum Valores ($1,035) and Banco Supervielle ($1,020).
A color data What the report provides is that The Argentine peso may be the region’s currency that appreciates the most in 2024. The Focus Economics report estimates that this year, The Argentine peso vs the dollar will appreciate 31.4% and is only comparable with Peru, where the expectation is an appreciation of the Peruvian sol by 1.6%.
Dollar: what will be the price for the end of the year according to international banks
- BancTrust & Co: $1,021
- Barclays Capital: $1,500
- Capital Economics: $1,300
- Credicoop Capital: $1,300
- Fitch Ratings: $1,400
- Fitch Solutions: $1,200
- Itaú Unibanco: $1,027
- JPMorgan: $1,250
- Moody’s Analytics: $1,023
- Oxford Economics: $1,067
- Pezco Economics: $973.50
- Standard Chartered: $1,050
- UBS: $1,350
Dollar: what will be the price for the end of the year according to national banks
- Bank of Galicia: $1,222
- Supervielle Bank: $1,020
- HSBC: $1,030
- Santander: $1,400
- BBVA: $1,177
Dollar: what will be the price for the end of the year according to economic consultants
- ABCEB: $1,031
- Analytica Consulting: $930
- Aurum Values: $1,032
- E2 Economy: $1,170
- Eco Go: $1,031
- Ecolatina: $1,309
- Econometric: $1,050
- Econosignal: $1,299
- Econviews: $1,560
- Empiria Consultants: $1,452
- Balance: $1,030
- FAITHFUL: $1,064
- FMyA: $1,282
- LCG: $1,394
- OJF & Associates: $1,447.
Source: Ambito
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