/Dollar today | The upward pressure, closer than expected: the blue for touching $210 and thus each exchange rate is quoted
Dollar today |  The upward pressure, closer than expected: the blue for touching $210 and thus each exchange rate is quoted

Dollar today | The upward pressure, closer than expected: the blue for touching $210 and thus each exchange rate is quoted

At the close of the last day, the blue dollar grew to touch highs, although the MEP and the CCL fell a few pesos

Sometimes they go up; sometimes, they go down, but what is a fact is that free dollars blue, MEP and CCL have a medium-term upward trend . These are the prices of the dollar today, Friday, January 14:

  • Dollar currency or wholesaler: $103.8
  • Official or Retail Dollar: $108.8
  • Solidarity dollar: $179.4
  • Blue dollar: $209.5
  • Dollar MEP: $201.3
  • Dollar CCL: $206.3

What is the price in official dollars

This Friday, the dollar currency, the exchange rate that is negotiated in the wholesale market, has a price of $103.77, which translates into an increase in 0.02% compared to the last business close. On the other hand, the official dollar or retail dollar, is traded at $108.75, according to information provided by the official website of Banco Nación. As for the average official dollar reported by the Central Bank of the Argentine Republic (BCRA), it trades at $109.11. In any case, it is important to remember that this dollar only serves as a reference to know the exchange situation of the country for the vast majority of people because, in order to be “officially” dollarized, you have to pay 30% more PAIS Tax and 35 % retention of Profits. Thus, the solidary dollar arises, which currently costs $179.43. The figure may vary slightly depending on the bank where it is operated. In addition, it is also not recommended to buy this dollar because you are only allowed a maximum of $200 per month and then you cannot buy the other free dollars or make other specific stock movements.

El dólar blue cada vez está más cerca de superar sus máximos históricosThe blue dollar is getting closer to surpassing its all-time highs

A how much is the blue dollar trading today

After two and a half weeks of volatility and bullish consolidation, the dollar blue rebounded again and is currently trading at $209.5 to buy and $206, 5 for sale. Although a consolidated blue dollar above $200 may scare Argentines, it must be considered that inflation was higher in recent months, so, in real terms, the values ​​of October 2019 have not yet been reached. 2020, when the dollar reached $195, which would be equivalent to a current exchange rate of more than $300.

How much are the financial dollars

The last closure dictated that the dollar MEP (Electronic Payment Market), which is obtained by buying an asset in pesos and selling it locally in dollars, costs around $201 .34, taking the public security GD30 as a reference because it is the one with the highest volume of operations. On the other hand, the CCL dollar (Counted With Settlement), which works in the same way as the MEP, but liquidating the dollars in another country, is close to $206.26. If this type of exchange is operated using Cedears or local shares, the prices are somewhat higher; more specifically, it is trading at $208.66, on average.

This is the exchange rate gap

This Friday, the exchange gaps, contemplating the official dollar against the rest of the dollars, are as follows:

  • MEP dollar: 85%
  • CCL dollar : 89%
  • Dollar blue: 93%
Los dólares financieros MEP y CCL se encaminan a continuar subiendo en el mediano plazoThe MEP and CCL financial dollars are set to continue rising in the medium term

The threat of bullish pressure

Arriving in mid-January, the free dollars are already beginning to resume their upward path that was momentarily stopped at the end of December of last year due to the various expenses of individuals, payment of Christmas bonuses by companies and year-end consumption in the case of people. Now, there are multiple factors that indicate that blue, MEP and CCL dollars will continue to rise in the short and medium term until reaching new records in nominal terms. Along these lines, Joaquín Gaido, a public accountant and financial adviser, affirms that he believes that the financial exchange rates, and, in part, the informal dollar, are somewhat backward given the high levels of monetary issue in recent months. Specifically, the specialist affirms that the divergence between the real price and the theoretical value is between 5% and 10%, so “it would not be unreasonable to say that in the coming weeks it will go to the levels of $220/$230” . In turn, in terms of the medium and long term, everything will depend on the agreement reached with the International Monetary Fund (IMF). Gaido believes that, even if it is slight, a deal will be reached, which could influence exchange rates. In any case, the advisor’s projection indicates that, by the end of the year, free dollars could still not beat inflation, as happened in 2021, given the acceleration in the rise in prices and the certain “stability” of the US currency. However, it is also important to consider that the Central Bank of the Argentine Republic (BCRA) has very low reserve levels, so it does not have enough power to intervene in the foreign exchange market as on other occasions, which would check the low volatility of the dollars in case the economic context scares investors and savers. For his part, José Luis Pavesa, asset advisor at Bull Market Brokers, maintains that it is also necessary to pay attention to the international scenario to understand what can happen with the dollars in relation to the Argentine peso. Recently, the United States Department of Labor indicated that inflation in December was 0.5%, which raises the year-on-year figure to 7%, the highest value in 40 years. As a consequence, the Federal Reserve (Fed) is almost forced to raise interest rates, which could have a negative impact on emerging markets, since the currencies of these regions tend to fall against the dollar. And as if this were not enough, you also have to be attentive to the local thick harvest. Pavesa developed that, if the drought persists, there may be drops in production, which would also put pressure on the exchange rate. Know the value of the dollar in Dollar Today and follow the price and behavior minute by minute. CLICK HERE

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