The consulting firms and financial entities that participated in the November REM once again reduced their devaluation expectations. The private sector expects more appreciation of the real exchange rate.
The Central Bank of the Argentine Republic (BCRA) published this Thursday the Market Expectations Survey (REM) carried out during November, which provides the forecasts from the city’s gurus for the dollar, inflation and other key variables of the economy.
The consulting firms and financial entities that participated in it they once again reduced their devaluation expectations (except for the end of December) and they put a price on the dollar, both for the end of the year, as well as the first months of 2025, and for a year. The data is known in the midst of an extensive exchange rate calm, and on the day when the blue dollar closed almost at the same levels as the official retail exchange rate.
dollar rem nov.jpg
Thus, the median of the REM nominal exchange rate projections was located at $1,021 per dollar for the December 2024 average, which would imply a average monthly increase of 2.0% in the exchange rate.
Likewise, analysts projected that in January the official dollar will be at $1,042, That is to say, the same rhythm of the exchange rate table will be maintained. Starting in February, the expected monthly advance moderates slightly and sets a pace that slowly pierces 2%.
President Javier Milei said, weeks ago, that if inflation maintains its trend, in a couple of months the crawling peg rate will drop from 2% monthly to 1%. Although the REM did not show such an abrupt reduction projection, it does align with the idea of a slowdown.
Dollar 2024 and 2025
- December 2024: $1,021
- January 2025: $1,042
- February 2025: $1,062
- March 2025: $1,082
- April 2025: $1,103
- May 2025: $1,122
- Next 12 months: $1,229
- December 2025: $1,249.50
Source: Ambito
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