Today: September 20, 2024
November 11, 2021
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In the run-up to the elections in Argentina, the blue dollar continues to break records

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The blue dollar is located at $ 202 for the purchase and $ 205 for sale in the previous to the opening of the day of this Thursday. In those values, the ticket closed yesterday, after registering a jump of $ 5.5 to exceed the previous records and reach a new all-time high.

With this latest advance, the informal quote continues to widen the exchange gap, which once again exceeded 100% with respect to the official exchange rate. The difference grew to almost 105% compared to the wholesale exchange rate and above 94% compared to the retail.

“What we are seeing is that the blue jumped on the wave of the free financier, which had been rising for some time and accelerated mainly after the primary elections. I think the discussion that took place on whether the government was going to increase spending and, with that, the monetary issue, had a lot to do with it, “said financial analyst Christian Buteler.

The financial analyst maintained that this discussion, which took place after the defeat of the ruling party In the September elections, it greatly affected inflation and the exchange market, “beyond what actually ended up happening, because many of those aid that were going to be given came to nothing, but the expectation played very against” .

Martín Vauthier, director of Anker Latin America, indicated that the pressure that has been observed for some time in alternative dollars, mainly in financial ones, is related to the combination of monetary imbalance and very weak demand for pesos, in a context of political uncertainty and delays in negotiations with the IMF.

Going forward, analysts predict that the dynamics of the parallel market will remain bullish, to the extent that the Government does not moderate public spending, which would lead it to continue with the monetary issue to be able to finance it and those pesos would continue to pressure the rise in the informal price, in addition to the rest of the prices of the economy.

“For the next few months, what is expected is that the path of the blue will continue to rise, although perhaps not at the same speed. As long as spending and the issuance of pesos are not controlled, there is no doubt that the trend it will remain bullish. Everything will depend on how much more and at what speed they continue to issue pesos, “said Buteler.

Financial Dollars

The financial dollars that are traded with AL30 bonds moderated again on the close, with which the MEP and CCL ended almost unchanged yesterday, just below $ 183.

Meanwhile, the “Senebi”, which is operated with company shares and is not regulated, was between $ 211 and $ 216.

Official Dollar

For its part, the wholesale dollar rose to $ 100.15, while the retail dollar remained unchanged at $ 105.25 at Banco Nación and at $ 105.67 at the average for financial entities.

In this way, the “solidarity” dollar trades at $ 174 on average, about $ 31 below the parallel.

The chronicler



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