Wednesday, December 8

Dollar: the “regulated” CCL rose to $ 209 (accumulates $ 25 since 14-N) BCRA stopped selling


The blue dollar yesterday scored its second consecutive rise and exceeded $ 201, according to a survey by Ámbito. The parallel dollar increased $ 1 to $ 201.50, so the gap exceeded 100%. The day before, it had increased by $ 1, after the implementation of new regulations in the operation of financial dollars, and after falling on Monday, a day after the legislative elections. Likewise, throughout October the informal dollar rose $ 11.50 (+ 6.2%) due to high inflation, exchange controls, fiscal deficit and firm country risk, which fueled devaluation expectations and put pressure on the currency, which it tends to make sudden jumps with just a few operations. Anyway, so far in 2021 the parallel accumulates an appreciation of $ 35.50 (close to 20%), well below the accumulated inflation of 2021, higher than 41% (during September the blue rose $ 4.50, + 2.5%). After hitting a low of $ 139 in early April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4%) in July. For its part, the retail dollar rose two cents yesterday to $ 105.94 -without taxes-, according to the average of the main banks in the financial system. In turn, the value of the US dollar at Banco Nación remained at $ 105.50. Thus, the savings or solidarity dollar -which includes 30% of the PAIS tax, and 35% on account of the Income Tax- advanced three cents to $ 174.80. The wholesale dollar, meanwhile, rose six cents to $ 100.35, under the strict regulation of the BCRA. It was the biggest daily rise so far this week, after the monetary authority slowed down the advance of the dollar between Monday and Tuesday. In any case, the biggest rise in the wholesale exchange rate recorded yesterday was not enough to come close to the correction experienced by prices in the first three days of last week. In that period, the rise was 21 cents against 13 cents reached this week, recalled analyst Gustavo Quintana. In the ROFEX futures market, the dollar terms again showed recoveries as of December, which went from 0.4% to just over 1% for March 2022. Thus, November ended, with a rate of 18 19%, while that of December reached 39.51%. During the round, u $ s449 million were traded.

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