The market estimates that the value of the currency in the wholesale market will close in November at $ 100.62. The devaluation would be greater in December and January
The market begins to look towards the end of the year and how the financial picture will close. And among the main variables is always the dollar, in all its versions.
If you look at the future dollar charts, the market estimates that the value of the currency in the wholesale market will close in November at $ 100.62. Today it is $ 100.08. But it will have a bigger jump by the end of December, with an acceleration of inflation to $ 105.10.
In January it would have another rise to trade at $ 111.19. Thus, between now and the end of the first month of the year, the peso would suffer a devaluation of more than 10%.
It should be noted that since the elections passed, the Central Bank of the Argentine Republic (BCRA) stopped intervening in the stock dollar market and the MEP soared above $ 200. However, there is a strong intervention in the futures market, to ease exchange rate tensions in the official one.
The dollar today fell one cent this Wednesday to $ 106.08 -without taxes-, according to the average of the main banks in the financial system. In turn, the retail value of the US dollar at Banco Nación rose 25 cents to $ 105.75.
The Central Bank bought about US $ 130 million on the day, taking advantage of the anticipated sales of exporters on the eve of a holiday in the United States.market sources said. This helped to see a greater normalization between the supply of foreign exchange from the export sector and the demand, mainly from importers.
In this way, the monetary authority’s sales in the foreign exchange market fell to $ 630 million in November.
The savings dollar or solidarity dollar -which includes a 30% of the PAÍS tax, and a 35% on account of the Income Tax- yielded two cents to $ 175.03.
The wholesale dollar, for its part, rose five cents to $ 100.62, under the strict regulation of the BCRA.
On the stock market, the so-called “spot with liquid” exchange rate negotiated with the most liquid bonds (Bonar 2030) yielded 0.7% to $ 216.74. Therefore, the gap with the official decreased to 115.4%. From 14 N, the CCL registered a jump of almost $ 33 (+ 17.7%).
Meanwhile, the versions of the CCL that are operated with other assets (called “free” before the elections) also traded close to $ 216, which reflects the convergence of prices.
Investors distrust the strategies of Minister Martín Guzmán
Likewise, the MEP dollar contracted 0.5% to $ 204.88, so the spread with the wholesaler, which is regulated by the BCRA, fell to 103.6%. Since the Friday before the elections, the so-called dollar stock market has accumulated a rise of $ 20.90 (+ 11.4%).
The blue dollar fell 50 cents to $ 200.50, according to a survey by Ámbito on the Black Market of Foreign Currency. As a consequence, the gap with the wholesale official pierced 100%.
The parallel dollar comes from accumulating a rise of $ 1.50 last week. Recall that on Thursday, November 11, it touched $ 207, its highest nominal value observed so far.
Know the value of the dollar in Dollar Today and followed the price and behavior minute by minute. CLICK HERE