The free dollar rose just 3.3% in the last twelve months
The free dollar is traded this Tuesday at $ 187, with a gain of $ 1.50 on the day, to return to the maximum zone that it had already reached in September, but which it failed to overcome.
The “blue” dollar maintains a rise of 12.7% in 2021, well below an inflation of 37% in more than nine months, while in a year-on-year comparison the rise is limited to 3.3% compared to the $ 181 from October 19 of last year.
In the wholesale market, the North American currency rises four cents, to $ 99.31, while in 2021 the advance reaches 18 percent.
The Central Bank adds purchases for USD 430 million with its foreign exchange incursions so far in October, in a process of re-composition of reserves that began with the application of new exchange controls as of Tuesday 5 of this month
With a sustained volume of operations in the wholesale market, close to USD 400 million per day, in the spot segment, the Central Bank once again concentrated demand to capture about 25% of the amount traded.
The Central takes the opportunity to add liquid reserves due to a recent new exchange restriction that also puts limits on imports, it seeks to advance in a debt renegotiation with the International Monetary Fund (IMF).
With the application of tighter capital controls this month, the Central Bank accumulated in seven consecutive days of net purchases (since Wednesday 6) for about USD 650 million, basically from new restrictions on the demand of importers.
“At the exchange level, the BCRA continues to take advantage of this new round of the ‘super stocks’ to continue adding foreign currency, in search of rebuilding net reserves,” said economist Gustavo Ber.
The Central Bank adds net purchases in the market for USD 650 million in the last seven operating sessions
“It happens that the latest exchange restrictions have slowed this drainage but open a challenge not only regarding pressures in the ‘gap’ on those freer implicit exchange rates, but also that they are not sustainable and continue to feed distortions among economic agents, still inclined towards dollarization due to the current uncertainty ”, added the head of Estudio Ber.
Other stock market valuations that are not intervened by securities purchase and sale operations by public entities, are held in the range of record historical prices for these parities, at $ 195 through the GD30C, the most traded bond in the Senebi (Trading Segment Bilateral) of ByMA (Bolsas y Mercados Argentinos) and of $ 197 for the average number of shares that are traded simultaneously in pesos on the local Stock Exchange and in dollars on Wall Street.
As for the balance so far this year, 2021 offers the monetary entity a positive balance of USD 6,648 million, the highest since the almost USD 8,000 million recorded between January and October 2012, which then coincided with record quotes for the grains and derivatives that Argentina exports and constitute the pillar of foreign exchange income to the domestic economy.
International reserves grew this Monday by USD 10 million and ended at 42,943 million dollars.
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