Monday, December 5

Financial dollars doubled the official and blue rises, in a year in which CCL reached $ 224


For its part, the MEP dollar or Stock Market rose 41.3% ($ 57.81) to $ 197.80, with which the spread with the wholesale dollar reached 92.5%.

The year was crossed by mid-term elections, which had the opposition as the winner in the main districts of the country but the ruling party improving considerably with respect to the result of the PASO.

Until the elections, the price of the stock dollar remained held back by the constant interventions of official organizations in the operation. Then, without state participation, there was an acceleration in the prices of the “free” parallel dollars.

As an effect of this deregulation, the dollar “counted with liquid” traded with the AL30 bond (the most liquid) registered its highest monthly rise since April 2020 as a result of the decision of the Central Bank (BCRA) to stop intervening in the stock market after the legislative elections.

For its part, the MEP dollar rebounded 1.9% this Tuesday to $ 200.72. In the month it exhibited a 12% increase, the highest since September of last year.

Central Bank and official dollar

The BCRA assisted with US $ 100 million the needs of the exchange market in the last day and thus ended the year with purchases for almost US $ 5,000 million. In December, it had a selling balance of US $ 460 million.

In addition, at the closing of future operations, the BCRA obtained a profit of 11,000 million in December and 30,000 million accumulated in the year.

Central Bank dollars purchase sale year 2021.jpeg

In this framework, the wholesale dollar in December it advanced by 1.7% to $ 102.72, under the constant regulation of the BCRA, with which in the year it had an adjustment of 22.07%, well below the inflation that analysts estimate will close 2021 above 50%.

During the last round of the year, the US currency showed a buying trend, as a result of the need to hedge positions at the end of December and to meet foreign commitments. Prices exhibited an upward trend, with increases in values ​​that were limited by the interventions of the Central Bank.

After starting at levels of $ 102.75, the price of the wholesale dollar was climbing positions hand in hand with authorized purchase orders that did not find adequate response from the genuine supply side. The maximums of the date were recorded in the middle of the morning, when prices touched $ 102.78, a level that determined the official intervention with sales in the sector where banks and companies operate. The Central Bank attended the demand for foreign currency that also served to correct the rise in prices, accommodating them on the closing at the lows recorded today at $ 102.72 per dollar traded.

“With the beginning of next year, expectations are reborn for a first quarter with an improvement in genuine income, as a result of the beginning of the placement of the grain harvest, a factor that can contribute to soften the losses of the Central that will surely continue to face pressure in the exchange market, “said analyst Gustavo Quintana.

In the official segment, The dollar today advanced by 20.5% ($ 18.42) to $ 108.29 -without taxes-, according to the average in the main banks of the financial system. In turn, the retail value of the currency in Banco Nación ended this Friday unchanged at $ 107.75.

While the savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on account of the Income Tax- rose 20.5% ($ 30.39) to $ 178.68. In this way, it ends the year at about $ 29 below the blue..

The blue dollar closed 2021 with a cumulative increase of 25.3% ($ 42), almost half compared to the inflation estimated for the same period. Even so, the gap with the official exchange rate remained above 100%, a level considered difficult to sustain over time by most analysts.

Despite falling $ 1 this Thursday, December 30, 2021, the dollar reportsl registered a rise of 3.2% in December (higher than the previous month) to end the year at $ 208. Therefore, the spread with the wholesaler, which is regulated by the Central Bank (BCRA), was 102.4%.



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