The rise of the blue dollar and the collapse of fixed-term rates after its deregulation triggered the amount of investments in the MEP dollar.
He MEP dollar started the month of July with a rise of 3.7%, while the previous month had accumulated 11.3%For those looking to protect their money from inflation, it is one of the safest options when it comes to investing as it continues to break records. But Why bet on the MEP dollar now?
The same time it takes you to set up a fixed term deposit in Reba with the highest TNA on the market at 36%, It is the same as investing in MEP, changing pesos to dollars, which is available the next business day.
Let us also remember that, due to the context of low inflation that we have, there are people who choose to do “carry trade“That is, investing in assets in pesos and with that profit obtained, being able to invest in dollars. This allows you to take advantage of both instruments and make your money grow. At Reba, we make both investment options available with an experience based on the needs of the user, so that each person can invest guaranteeing security and transparency in each of their operations with the support of the BCRA.
The dollars, regardless of their different quotes, continue to have a tendency to converge towards a similar value in the short and medium term. The boom in the dollar on the stock market is also due to its immediacy. At REBA we understand that the purchase of MEP dollars is in high demand by our users because it allows them to protect themselves against inflation with agile transactions without the cap of 200 USD, unlike the official dollar.
Why is the dollar rising?
It is clear that the demand has grown considerably in recent times, since it is the most convenient option on the market to convert pesos, and notable given that its quotation is favorable compared to other currencies, especially in a context where the value of the local currency is eroding: lInflation is key to understanding what is driving this rise in prices, which is above 80% considering the figures for these first few months, even without knowing the percentage for June.
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Depositphotos
We see this scenario reflected in the interactions of our platform. As a pioneering App in bringing the purchase of MEP dollars to users, we understand that they value the possibilities it brings: we know that getting dollars is something that people aim for to avoid the loss of value of their money and they choose to do it directly from their cell phone through different applications. We even observe different strategies, not only from profiles that save, but others that wait for the evolution of the price to sell the dollars and pay their Credit card or any payment commitment they have that could be strongly impacted by inflation.
Other factors in digital purchasing also make a difference when investing, such as scheduling automatic crediting when a purchase is made. Or for those who pay close attention to the market, they have the possibility of keeping up to date with the quotes and crediting the dollars at the most advantageous moment because the values of the bonds tend to change.
In an unpredictable context, the “workhorse” of investors and those seeking to protect their savings continues to be the MEP dollar, not only because of the ease of its transactions and digital buying and selling system, but also because of its stability and sustained growth during the first half of the year.
Source: Ambito
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