Blue dollar: it jumped to $845 in the city of Buenos Aires and in San Juan it was sold at $860 | Cuyo’s diary

2023-10-04 17:50:05

The blue dollar soared this Wednesday, October 4, and closed at $845, in the face of growing political and economic uncertainty, less than three weeks before the general elections, leading to the real absence of currency supply in the caves. While in San Juan since noon it was sold in the parallel plaza for around $860.

After rising $10 on Tuesday, the informal exchange rate climbed another $33 to $843 after touching $850 during the round, a new historical nominal record, according to a survey by Ámbito in the City caves.

For its part, the spread of the parallel bill with the official exchange rate stood at 140.9%, levels similar to those of July 2022, after the resignation of the then Minister of Economy, Martín Guzmán.

In the accumulated monthly figure for September, the informal dollar registered an increase of $65 or 8.8%, below the estimated inflation for the month, which would once again be above 10%. At the same time, it lost compared to the performance offered by the 30-day fixed term in pesos (9.7%), after far surpassing it last month.

Banco Central

The Central Bank (BCRA) sold US$ 80 million today in the Single and Free Exchange Market (MULC), which verified a continuity of the change in trend that began yesterday after a streak in which it accumulated 35 consecutive days of interventions with positive results.

In this way, in the first three business days of October, the monetary authority accumulated sales of US$96 million, although, in September, it had added close to US$530 million to its reserves through purchases in the exchange market.

“The BCRA ended the day with sales of US$ 80 million to meet the needs of the market. It is the highest sales amount since last August 11,” explained PR Mercado de Cambio analyst Gustavo Quintana.

With the aim of maintaining the flow of dollars in a season of the year of low liquidation of the agro-export sector, the Government formalized this Monday via decree the extension until October 25 of the Export Increase Program (PIE), better known as the “soybean dollar “, which indicates that 25% of the counterpart value – which in the previous one was “freely available” – will be allocated to the sale and purchase “with negotiable securities acquired with settlement in foreign currency and sold with settlement in local currency”, in the financial market , at the value of Cash with Settlement (CCL).

During the day, the so-called “blue” or informal dollar resumed its upward path and ended at $845 per unit, 38 pesos above Tuesday’s close.

In the stock market segment, prices also set new nominal records.

The counted dollar with settlement (CCL) advances 7.6% to $901.39; while the MEP rises 3.5% compared to the previous close, to $745.99, in the final section of the wheel.

In the wholesale market, the US currency ended at $350, five cents below its last price and, so far this year, it has increased by 97.53%.

Meanwhile, the retail exchange rate closed at $367 average for sale; The solidarity dollar and card dollar – which have a 30% COUNTRY tax rate and 45% profit receipt – stood at $642.25, and for purchases over $300 – which has an additional 5% tax – , traded at $660.6.

The volume operated in the cash segment was US$374.67 million, in the futures sector of the Electronic Open Market (MAE) operations were recorded for US$5 million and the Rofex futures market for US$476 million.