Thursday , June 8 2023

The retail dollar recorded more than a peso this Friday and closed the week at $ 38.50



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surprise in the city

The ticket slip, the operators explain, has to do with the disarmament of the peso positions before the fall of Central rates. In addition, the lack of liquidity

The dollar ended strong growth this Friday, triggered by a disarmament of trading positions (assets were transferred to pesos to dollars) and affected by the small volume that was throughout the week, the United States.

So things the wholesale dollar jumped a ten-cent peso on the last day of the week to stay at $ 37.60. "Today's growth was not repeated by its magnitude at the end of September and brought the exchange rate to a similar level to the early days of October," said Gustavo Quintana, PR Cambios operator.

The ticket actually reached a maximum of $ 37.90 a half hour after closing, when unexpectedly there was a buying pressure that did not find who sold it and therefore the price jumped.

That way, in the week that just ended, the wholesale exchange rate gained a sixty-seven cents increase from the end of last Friday.

Regarding side by side, saw an important leap of a 10-cent peso to close at $ 38.50 (1.52 pesos in the short week). In some banks, even, came to pay fifteen cents more than the average Central Bank realizes among the main entities of the city.

The upward movement of the bill, to continue next week, will certainly do Central must give up the rate cut. On Friday, however, the monetary authority continued with the decline of recent weeks.

She made a letter of invitation for 10 days, and the amount was $ 134.844 million. The average reduction rate was 61.405%, decreasing.

"In Argentina people do not have fixed terms as long-term savings because they give more than the dollar. Then I make the profit and return to the dollar. Be careful with BCRA, do not confuse yourself"said CEMA economist Carlos Rodríguez.

"How far can BCRA lower the rate and accommodate default futures contracts by minimizing exchange rate overreaction? The game is: capital gain by compressing the rate in the peso curve (lasting effect) over a range of the dollar in the band bottom, "said Federico Furiase, Director of Eco Go.

Bank through the bank

In all banks in the city, the dollar closed over $ 38. For the most part, he has made over $ 38.50.

Contributions, according to the average of the Central Bank, were as follows:

Banco Galicia: $ 36.60 – $ 38.60

Banco Nación: $ 36.75 – $ 38.45

ICBC Bank: $ 36.85 – $ 38.85

Banco Francés: $ 36.41 – $ 38.39

Banco Supervielle: $ 36.40 – $ 38.20

City Bank: $ 36.75 – $ 38.65

Banco Patagonia: $ 36.65 – $ 38.65

Banco Santander: $ 36.60 – $ 38.60

HSBC: $ 36.30 – $ 38.30

Banco Crediccope: $ 36.55 – $ 38.47

Banco Itau: 36.50 – 38.50 USD

Banco Macro: $ 36.20 – $ 38.10

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