He dollar «Cash with Settlement» (CCL) rises again this Tuesday, October 3, and marks a new historical record. Meanwhile, the MEP dollar jumps over $17 and also marks a new high. This happens within the framework of a persistent process of portfolio dollarization by way of coverage less than three weeks from presidential election.
Thus, the CCL dollar keep it up $8.13 (+1%) to $838.03 and write down 11 uploads in a row. Thus, the gap with the officer he positions himself in 139.3%maximums from July 2022after the resignation of the then Minister of Economy, Martin Guzman.
For its part, the MEP dollar climbs $17.09 (+2.4%) until $726.92. As a consequence, the spread with the exchange rate is located in a 107.7%maximums from August 25, 2022.
Skyrocketing financial dollars: what’s happening?
The rally in financial dollars began last week prior to the closing of the soybean dollar 4that extended until October 25with the intention of advancing settlements and for the Central Bank (BCRA) to continue adding dollars to its coffers.
In the middle of a great exchange rate pressurehe official exchange rate remains at $350given that The Government committed in August -when it devalued- to not modify this parity until the end of October.
For its part, yesterday, the Central Bank (BCRA) spent 34 days with foreign currency purchases for about US$1,645 millionwith a September where a favorable balance of US$527 millionafter acquiring US$3 million this Friday.
«Unfortunately, Argentina is predictable due to its cyclical processes: there are exchange rate delayis generated inflationmarkets disintegrate, is devalued again and so debts and liabilities are liquidated«explained a manager of the external private bank.
For this reason, The BCRA announced that it will allow the entry of foreign currency corresponding to capital contributions or financial debts of companies via the capital market since October with the condition that the repayment is made through the same financial means.
«The growing distrust towards debt in pesos added fuel to financial exchange ratesadded the inevitable dollarization of portfolios in the run-up to the general elections,» he said Delphos Investment.
An experienced exchange trader added that «weights in dance have two defined destinations: collection of merchandise by inflation wave Dollar purchase to have purchasing power, no one uses them as a savings currency.
The unknown about the name of the future presidentgiven the parity that the August primaries showed, triggers uncertainty in the financial markets due to the distant economic proposals of the candidates with the greatest possibilities of victory.
He International Monetary Fund (IMF) said that the Argentina’s economic situation «continues to be very challenging and complex»pointing out a very high inflation and that the political measures recently adopted «add to the challenges» of the next government, in the midst of an existing credit of US$44,000 million.
How much is the dollar trading at today, Tuesday, October 3
He wholesale dollar operates at $350.05value that BCRA seeks to sustain until the end of October.
Meanwhile, the Qatar dollar -which includes 30% of the COUNTRY taxa 45% deductible of the Income and Personal Property Tax, and a new perception of 5% on account of Personal Property – is listed at $660.60.
In mid-August, the Federal Public Revenue Administration (AFIP) arranged a 25% reduction at 5% in the perception of Personal Assets which applies to consumption abroad with debit and credit cards exceeding the $300 monthly per person. Thus, the call Qatar dollar It was no longer the most expensive exchange rate on the market.
Quote of Dolar blue today, Tuesday, October 3
He blue dollar sells for $800, according to a survey of Ambit in the caves of the City.
For its part, the crypto dollar or Bitcoin dollar quotes in the $832.97, based on average across local exchanges reported by Coinmonitor.
Price of the tourist dollar today, Tuesday, October 3
He tourist dollar or cardand savings (or solidarity) dollar -which include 30% of the COUNTRY TAX + 45% of the Earnings Perception– mark the $642.25.