For its part, the Government assures that the exchange rate is still at competitive levels in historical terms and they emphasize that exports are at records for the last decade.
The expectations of devaluation were reflected in the gaps between the official and the parallel prices of the dollar that are not “intervened” by public institutions and that with few operations tend to suffer important jumps. With the blue dollar at $ 197.50 and the “counted with liqui” (CCL) called “free” at around $ 205, the gaps were around 100%, levels not seen since the beginning of November last year .
The dollar regulated CCL it exhibited an increase of 2.4% during October, slightly less than the increase it had had in September (2.8%). This Friday it remained stable for the fourth consecutive day at $ 179.32, the spread with the wholesaler culminated at 79.8%. Last Friday it had closed at 80.4%, the highest since December 2, 2020.
However, in its “free versions” (arising from bilateral negotiations or operations with ADRs or alternative bonds to the AL30), the CCL traded close to $ 205.
For his part, dollar MEP Regulated ended this day again at $ 179.22 (gap of 79.7%), for which in the month it also accumulated a rise of 2.4%.
“The BCRA continues to fail to accumulate reserves despite the ¨super stock¨ given that the search for coverage by economic agents does not stop. At the same time, it must deal daily with the pulse in financial dollars and those freer references, which challenge the short-term “psychological barrier” of $ 200, all under a climate of distrust that does not give respite to the dollarization process, also fueled by a mountain of pesos that acts as fuel, “said economist Gustavo Ber.
After threatening to accelerate its increase in the first days of the week, The wholesale exchange rate, which is regulated by the BCRA, rose just three cents this Friday to $ 99.72.
“In the round with the highest volume of the month, the US currency always operated with a buying trend and with little response from the genuine supply side. Prices reduced their evolution on the date, operating with minimal fluctuation due to the intense activity displayed by the Central Bank in the development of operations “, explained from PR Corredores de Cambio.
“Authorized demand exercised full dominance throughout the day, requiring the constant official presence to compensate for the lack of genuine supply. The Central’s sales also limited the variation in prices, which remained almost unchanged throughout the development of the wheel, “they added.
The Central Bank had to sell for the second consecutive day to supply the demand, both for imports and for coverage in the face of the uncertainty that characterizes the Argentine economy. This Friday, $ 290 million was shed, the highest figure since October 25, 2020.
“The nationalization of inputs achieved in the last days freed the possibility of new payments for imports that were mostly made during the day,” official sources explained to this medium.
However, the monetary authority posted its best October in a decade in terms of accumulating foreign currency by acquiring, in net terms, u $ s207 million.
“With the beginning of November, we entered a pre-electoral period that always encourages demand for foreign currency for the accumulation and dollarization of portfolios, a fact that will surely require constant monitoring by the monetary authority, which also partially relaxed the restrictions for the advance payment of imports, something that will surely be reflected in the official market, “they said from PR.
While it posted its biggest weekly advance since April, the price rose 1% throughout October, an adjustment similar to the one that has been exhibiting in the last six months.
In the retail segment, the saving dollar -which includes 30% of the COUNTRY tax, and 35% on account of Profits- advanced 13 cents in the day and $ 1.53 in the month (+ 0.9%) to close at $ 173.63. It happened since the retail dollar it increased to $ 105.23, according to the average of the main entities of the financial system (it closed at $ 105 at Banco Nación).