The blue had started the week down $2 to $206, but since Tuesday it exhibited a strong bullish rebound.
The parallel had already shown a significant acceleration in the second half of December, although in the accumulated figure for 2021 it had an increase of 25.3% ($42), half compared to inflation that stood at 50.9% according to the INDEC. However, it is worth remembering that in 2020 the currency had shown a sharp jump of 111%.
Blue dollar: expensive or cheap?
Ámbito consulted financial analysts about How much should the parallel exchange rate be worth? The responses were mixed.
“The last closing balance of the Central Bank gives a balance dollar of $220. In that sense, a blue below that figure is a gift”, the market analyst, Salvador Di Stéfano, told Ámbito, who emphasized the high weight of the monetary issue in financing the fiscal deficit, which could imply a delay in exchange rates if inflation accelerates.
financial analyst, Christian Butler, commented to this medium that “it is always difficult to put a price on the unofficial exchange rate, whether blue or stock market, because being free one could infer that the value is the logical one of the market for this moment“.
Considering the current conditions, the financial analyst emphasized that “it is a quite logical price, in a range between 200 and 210 pesos. But this does not mean that this is a value that will be maintained over time, it will depend on the evolution of different variables (money demand and economic situation)”.
For his part, the economist Sergio Chouza, assured that “I could not say it in a decisive way since it is a variable influenced by what happens with the financial markets and in turn by the news of what happens at the macro level in the most urgent thing that is the evolution on the signals with the agreement with the Monetary Fund”.
The president of the consultancy Wise, Walter Morales projected that in the event of an agreement with the IMF the US currency could grow between $45 and $50. “An agreement with the IMF has to begin to put a ceiling on blue around $255 or $260,” he said., with which in his opinion “every purchase that begins to be made now in these securities is probably that we will not have an attractive performance.”
The price of the blue dollar in the last 30 days
So far this month, the blue dollar shows a rise of $1.50 (0.7%), since in the first week of the year it had remained unchanged.
Price of the savings or tourist dollar, from January 13
The savings dollar or solidarity dollar -which includes 30% of the COUNTRY tax, and 35% on account of the Income Tax- climbed this Friday 17 cents to $180.20.
More news about the Blue Dollar and the Dollar
What were the causes of the strong rise in the blue dollar
They detect the two reasons that worsened the financial conditions in the country
The dollar and the 2 exchange adjustment alternatives: sharp jump or monthly correction?
In recent months, Argentines preferred the savings dollar over the blue
How much will the dollar rise in 2022, according to the market