2023-08-30 16:24:00
The wheel of this Wednesday August 30 shows the rising financial dollars. while the dollar Cash with Settlement (CCL) climbs to $811 In the first operations carried out in the Stock Market, the MEP or stock dollar advances 5.2% and operates $702.06.
It is worth remembering that at the close of yesterday Tuesday, the CCL did so at just over $802, while its historical peak was reached this Wednesday when it traded at $812.82.
Meanwhile, the price of the parallel loses 10 pesos from the price of yesterday Tuesday and is sold at $740. Meanwhile, the purchase price operates at 730.
What do analysts say regarding the rise in financial dollars?
The Lic. Gaston Lentini rHe reminded PROFILE that “when Massa announced the repurchase of bonds, the MEP and the CCL were worth the same, making it costless for those who wanted to take money out of the country. Today the gap between these exchange rates unfortunately exceeds 10%, which It shows us the level of insecurity that having the money within the country (MEP) represents for investors, since they are paying more than $810 for each Cable Dollar, which is nothing more than a dollar without the risk of being confiscated or capped,” commented the financial adviser.
The Cedears Alternative
Lentini asked investors to keep an eye on the cedears. “They are also quoted with this exchange rate, because one is buying a US share with pesos, so whoever is buying this instrument is also seeking to cover himself from national regulations and the creativity of the leaders on duty to control our decisions and the flow of our money; so I openly suggest the possibility of buying MEP for those who can still do it“, he estimated.
The quotation of the other exchange rates
The value of the official dollar is in the usual ranges, today at $367, while the wholesale, which is the one that applies to foreign trade operations, is at $350. Quotation that according to the national government will be maintained until October.
In turn, the Banco Nación quote that is applied to a series of contracts is $365.50.
With this new scheme, the savings dollar is worth $642.23, the same as the “Tourist” dollar (which applies to expenses of less than US$300 per month). The “Qatar” (for spending over US$300) costs $660.58.
The bag with improvements
The Buenos Aires stock market maintains its bullish streak. As indicated by Wise Capital, yesterday the increase was 2.7% on average, but so far this month it has risen 49.5% in pesos, and 2.7% in dollars, which is close to exceeding the maximum in four years. Both the ADRs and the bonds in dollars operate with majorities of increases.
And the country risk yields but has not yet broken the barrier of 2,000 basis points, operating at levels of 2,040 points.
Developing…
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