It should be remembered that the prices accumulated in November, also showed a different behavior, since the CCL fell $ 3.37 (-2.2%) but the MEP rose 87 cents (0.6%).
“We are coming off a fairly quiet week for the markets, where dollar behavior (peso increase) in alternative markets was. As has been happening for many rounds, we noticed interventions from the Central Bank sells bonds to reduce or maintain dollar prices in the ‘Electronic Market’ (MEP) and at the ‘Cash with Settlement’ (CCL) stock exchange, “said Leonardo Svirsky, operator of the settlement and clearing agent Bull Market Brokers.
Last week, the National Securities Commission (CNV) decided to reduce the term asset holding (‘parking’) for MEP operations. The Adrián Cosentino-led entity reduced from three to two days the number of days the investor must own a bond once he buys it in pesos and before selling it in dollars.
The market was expecting this adjustment, executives said. “I don’t know to what extent they will bring a large flow of money buyers through the exchange, because people have been looking for alternative forms or hedge assets after the ongoing tightening.
By itself, the new relaxation could be said to help, but it’s not a big change for the end investor or small saver, “said Santiago Abdala, director of PPI.
Similarly, investors are awaiting progress in negotiations with the International Monetary Fund (IMF) and paying attention to the evolution of foreign exchange losses by the Central Bank (BCRA), which in November was significantly lower ‘compared to previous months.
With the arrival of December, the monthly quota is renewed so savers can buy US $ 200. For the best price, it is convenient to consult the various entities, which can be done on the Central Bank (BCRA) page.
The wholesale dollars, which is regulated by the monetary authority, which started this Tuesday at $ 81.38, seven cents above the previous close. It should be remembered that in the context of accelerating inflation, the Central Bank (BCRA) validated a higher growth rate from the wholesale exchange rate in November.
Indeed, the currency increase 3.8% (nearly $ 3) to $ 81.31 in November, the largest monthly increase to date this year. In this way, an advance of 35.8% accumulated since January.
The BCRA reported that it sold, in net terms, US $ 325 million of its reserves during November, to supply demand that included the payment of imports and the financial debt of the companies that restructured their obligations. The figure was well below the US $ 1,062 million in October, the US $ 1,618 million in September and the US $ 1,279 million in August.
“The combination of measures that prompted currency settlement with introduced mechanisms for ordering the payment of imports and corporate debt It allowed for the exchange market to be channeled and the outlook improved, bearing in mind that November was historically one of the most in demand months and in December the export harvest liquidation liquidation begins to enter, “they highlighted by the monetary authority.
Despite the fact that the negative outcome for official interventions has been reduced, The loss of Gross Reserves was important in the month since they fell $ s1,205 million, versus US $ 1,524 million the previous month, to end this Monday at US $ 38,652 million. This difference with sales is mainly due to the significant depreciation of gold.
For his part, dollar “unity” – which includes 30% of the VAT tax and 35% on a Profit- account, rose 3.4% to $ 143.09 in November (climbed 18 cents on Monday) as the retail average moved the same percentage to $ 86.72. At the Banco Nación, meanwhile, the day ticket started at $ 86.50, the same value as yesterday.
The blue dollar remains stable at $ 155 after registering seven consecutive falls, according to a survey conducted by Ámbito in caves in the city of Buenos Aires. In this way, the gap with the wholesaler is 90.5%.
Last month the price accumulated a decline of $ 14, or 8.3%, which meant the largest monthly fall so far in 2020 causing a 25-point gap in the gap.
Remember that blue rose strongly in the second week of November to a maximum of $ 172, before demand reappeared, which did not find support in the legitimate supply. However, for two weeks it has been falling continuously.
It is worth noting that the spread between parallel and officer fell to 87% at the beginning of November, and at the end of October it came close to 150%.
In ROFEX futures market, US traded $ 1,479 million. The terms showed large reductions, losses of around 0.4% on average, with interventions by the BCRA by the end of the year. December with a rate of 49.52% and January at 62.77%.