In the first session after the ads, the official dollar jumped more than 12% compared to Friday’s price. The BCRA will apply a flotation between $ 1,000 and $ 1,400.
As of this Monday, The exchange rate ceased to exist for human people and the Official dollar It began operating without restrictions in a band flotation system, Between $ 1,000 and $ 1,400. In the National Bank the price operated with high volatility, since He opened at $ 1,250, then fell to $ 1,190 and finally closed at $ 1,230, which implied an increase of 12.1%.
In the main exchanges that operate in the City the exchange rate moved approximately between $ 1,260 and $ 1,290.
- USDT Binance: 1,259.06
- Fiwind: 1,260
- Goodbit: 1,258.44
- Rippio: 1,278.28
- Lemon: 1,272.70
- Belo: 1,290
Chau Exchange Standing: Expectation in the dollar devaluation City
The City’s operators expected the weight to devalue at least 15% as of Monday and the dollar jump from the current $ 1,078 (wholesaler) to the $ 1,250/$ 1,300 zone, something below the financial exchange rate-
The BCRA indicated that “It will promote the free flotation of the exchange rate between the limits established for the regime”, although “you can consider the Purchase of dollars depending on their macroeconomic objectives and accumulation of international reserves (RIN), as well as the sale of dollars to morigue unusual volatility “. That is, the intervention of the BCRA It will not only be activated in the event that the exchange rate approaches the floor or the roof of the band. It is also worth mentioning that when you buy currencies, There will be no sterilization of pesos, since it is assumed that such intervention has as its counterpart an increase in the demand for money.
Meanwhile, the government tried to take peace of mind in the announcement and Caputo said that “It is not a devaluation”but one “floatation”. “A devaluation is when you guarantee a minimum of the exchange rate, we are not doing it. It may be that from here to one year the dollar is worth $ 970,” he said.
Source: Ambito
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