The lecaps They have been the market favorites for a while now, If the dollar remains stablethat dynamic may not change. What does it depend on for the dollar remains stable? In principle, the Government maintains the rate of devaluation of 2% and some intervention on the financial dollars to avoid sudden exchange rate jumps, while at the same time stimulating the supply of dollars.
Although neither international loans nor the RIGI nor does bleaching have an immediate effect, it could have an effect throughout the month causing Lecaps remain the most chosen instrument for investing and the exchange rate gap remains around 30%.
How much did the dollar lose in August?
According to a GMA report, on August 1, 2024, the selling price of the blue dollar was $1,380, while at the end of the month the purchase price was $1,275. Therefore, $100,000 converted into dollars in August would have become just over $92,391which would have implied a nominal drop of 7.6%.
How much did the fixed term earn in August?
On the other hand, a fixed term at the beginning of August offered an annual nominal rate (TNA) of 40% and a monthly rate of 3.33%hence A $100,000 deposit for 30 days would have generated a nominal profit of $3,333. In total, Savings at the end of August would have been $103,333.
How much was earned with a lecap in August
Assets in pesos continue to be in high demand and continue to rise. Lecaps yield between 3.5% and 3.9% monthly, which meant that if $100,000 was invested at the beginning of August, with a Lecap At 3.5%, a nominal profit of $3,500 was obtained.
In the analysis of these three instruments it can be deduced that the Lecap It was the instrument that best attempted to accompany the inflation of August, which It would be around 3.8% to 4% for analysts.
Another alternative that analysts point out as an option is the CER Bonds maturing in 2025 and 2026 yield between 5% and 8%. However, in this case, the investment horizon is more medium-term.
What are LECAPs and how to invest in the most popular instrument on the market
The Capitalizable Treasury Bills (LECAPs) They are financial instruments issued by the government, designed to offer a fixed return over a given period, usually short-term. They are a different option for those looking for a safe investment with a predictable return.
What are the advantages of investing in LECAPs?
One of them is that they offer a fixed interest rate. This allows the investor to know in advance the yield that they will obtain at maturity, regardless of whether the Central Bank decides to continue lowering them. In addition, since they are short-term, they are generally They present lower volatility compared to other financial instruments with longer duration..
These letters are accessible to small and medium investorsallowing for easy portfolio diversification.
What are the disadvantages of investing in LECAPs?
For its part, among the disadvantagesin contexts of economic uncertainty, there is a risk that the Government may face difficulties in refinancing its debt, which may affect the payment of interest and capital. In fact, in contexts of high inflation, The fixed yield offered by LECAPs may not be enough to overcome the loss of purchasing powerresulting in negative real returns.
Source: Ambito
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