2023-04-17 20:50:49
The informal “Blue” dollar jumped sharply towards the close of trading on Monday and finished above a new high of $408 per unit. The rise stood out in a day of mixed results on the broad exchange rate front, and in which the Central Bank accumulated purchases thanks to the agricultural dollar program to promote exports from the soybean complex and regional economies.
In the final stretch of the day, the “Blue” surprised with an advance of 8 pesos at its selling point, which represented its biggest daily jump in the last month. Thus, that price exceeded the barrier of 400 pesos.
Meanwhile, the so-called financial dollars that are obtained through the purchase and subsequent sale of bonds or shares that are quoted in pesos and dollars, moved with mixed results.
The Cash with Liquidation (CCL), which allows dollars to be deposited in an account abroad, rose 1.3% to $410.2, while the MEP fell 0.4% to $396.9.
It is worth remembering that the issuance to face the recognition of $300 per dollar that is paid with the export stimulus program launched by the Minister of Economy, Sergio Massa, puts pressure on financial exchange rates.
Meanwhile, the official devaluation was 0.69% to 223.31. So far in April the depreciation is 3.27%.
The Central Bank chaired by Miguel Pesce continued with its interventions to acquire dollars and reinforce the battered reserves. The monetary authority acquired US$73 million in a market reinforced with around US$150 million placed by the “agro dollar”.
The experienced exchange operator Gustavo Quintana indicated that “the red of April is now reduced to some US$ 48 million of net sales.”
According to a report from the Rosario Stock Exchange, the volume traded today in “agro dollar” was US$ 146,307,956. The accumulated total in six days climbed to U$S 961,673,753.
Economic operators expect that this week the operations of the export incentive program will intensify and, consequently, they are very expectant of the impact on the price of the dollar.
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