2023-10-04 15:38:00
The parallel dollar continues with its bullish rally and in the first operations of this Wednesday, October 4 It is already at levels of $840, although some “caves” sell even more expensive. Climb to those values following adding $30 that Wednesday alone.
The The gap with the official dollar remains at its highest since the middle of the previous year, close to 140%. For example, the official exchange rate today is quoted at $365.5.
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For his part, hehe financial dollars register a strong rise. At noon in Buenos Aires andl Cash with Settlement is close to $900. Although the price depends on the instruments used to access this type of dollar, it continues to grow clearly, and following starting the first operations in the values of Tuesday the 3rd, around $840, nowIt already reaches 892 pesos and continues to climb.
Whilethe MEP dollar or stock market dollar It also shows volatility in its prices and goes up to $740, almost 20 pesos more than the levels at which it operated the previous day.
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The appetite of savers to dollarize ahead of the elections is putting pressure on the parallel exchange rate, but also on the price of the dollar on the stock market. In recent days, the opening of client accounts has multiplied among “ordinary investors” who seek to protect their savings before the elections, given the uncertainty of not knowing what will happen later.
Financial dollars, up
In his daily analysis, from Wise Capital point out that during yesterday’s trading, the CCL dollar rose $8.13 (1%) reaching $837.80 and marking a new historical record.
“The gap with the official dollar was 139.3%, the highest since July 2022. Meanwhile, the MEP dollar climbed $10.79 (1.5%) to end at $720.62. Thus, the spread with the official price was at 105.9% (highest since September 2022)”.
From Wise they recommend paying attention to the dynamics that the official dollar is going to have. “Although today it is stuck at $350, there is the Vaca Muerta dollar, the soy dollar, which is $455, so an appreciation of 30% might be expected. Whether it will happen following the elections or following November, is unknown. The next Government is going to have to launch an economic plan that includes a strong fiscal connotation, it is to be expected that the dollar will end up between $700 and $800 pesos, we are talking regarding an increase of more than 100%,” they expressed.
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