Dolpe

The opening of the official market and the elimination of exchange restrictions – within the framework of the start of the “phase 3” of the Government’s economic program – They relived an old arbitration tactic that many in the City They know: the “pure dollar.” It is a simple but effective operation that allows you to buy currencies at the official exchange rate and resell them in the parallel or financial markets, generating an immediate gain that currently can be up to $ 25 per dollar.

The difference between the official dollar and the blue dollar

With the new exchange dynamics, The gap between the official dollar and the Blue Enable these types of plays again. Currently, the quotes are located like this:

In practical terms, profits according to the amount operated are translated into:

• For US $ 100: $ 2,500

• For US $ 1,000: $ 25,000

• For US $ 10,000: $ 250,000

MEP dollar: an alternative with less gain

This mechanism can also be done with the MEP dollaralthough the margin is somewhat more tight. With the current price around $ 1,251, the differential against the official exchange rate is $ 21 per dollar:

• For US $ 100: $ 2,100

• For US $ 1,000: $ 21,000

• For US $ 10,000: $ 210,000

It should be clarified that, although access to the official market is no longer restricted as before, some financial entities request sworn statements to justify income and assets. In turn, the central bank keeps active the mechanisms of monitoring against movements that can be considered unusual, In a context where the gap again encourages this type of strategies.

MEP dollar without “parking”: what changes

One of the most relevant ads was the Mandatory “parking” elimination which was required to operate with bonds in search of the MEP dollar. Until now, those who bought titles should keep them in a wallet at least one business day before they were able to sell them and access currencies.

Since last Monday, natural persons can buy and sell simultaneouslythanks to the repeal of General Resolution 959/2023 of the National Securities Commission (CNV).

The lifting of these obstacles, in tune with the end of the stocks, also enables the Purchase of dollars without monthly quotas through bank platforms. During the control period, the MEP dollar had gained popularity as a legal way to overcome the limits of the official market, positioning itself next to the Blue as one of the few alternatives to access foreign currency. In the new scenarioits weight as the only legal door loses strength.

Less gap, less margin for the “puree”

The new scheme also establishes a Flotation band for the official dollar, with a $ 1,000 floor and a $ 1,400 roof. This range, administered by the BCRA, seeks to contain volatility and shrink the difference between the multiple contributions of the dollar, especially with the MEP, which used to operate above the officer due to restrictions.

With this framework, the central has the power to intervene to keep the dollar inside the corridor, which tends to stabilize the price of the MEP. Therefore, maneuvers such as the “pure dollar” – based on taking advantage of wide gaps – could lose attractive if the distance between exchange rates is reduced in a sustained way.

Although for now this type of remains viable and leaves interesting margins, everything will depend on how the exchange gap evolves in the coming weeks. The truth is that, after the lifting of the stocks, the game board changed completely.