The free dollar rose 50 cents in early trading on Tuesday. The financial institutions and caves of the Buenos Aires City asked for $ 197 per unit for the sale of the hand of the exchange rate tension that exists in the financial dollar market, where the prices free of regulation remain above $ 200.
The free dollar last week beat its all-time nominal maximum, reaching $ 198. Its previous record, of $ 195, had been reached for the first time on October 23, 2020 in full exchange rate stress after the end of the total quarantine.
Now, after a slight drop in the first wheel of the week, the banknote returns to the upward path.
The advance is given hand in hand with the rise in free financial quotes. The dollar implicit in the price of the Global 30 bond, whose operations are not intervened by the Central Bank, climbs to $ 210 after having touched $ 216 in the first operations of the morning.
Meanwhile, the price of the dollar implicit in the Bonar 30, a local law bond in which the Central Bank intervenes to keep the exchange rate at bay, remains at $ 181.80 per unit. The gap between intervened and free financial quotes thus reaches $ 30.
The tension in the different prices is coupled with increasingly costly efforts by the Central Bank to keep the formal market supplied with dollars for imports and sales in the financial dollar market, which cannot keep the prices exempt from taxation at bay. your intervention.
“After loosening restrictions on imports, the BCRA had to close the last round of the week with a significant negative balance, which arouses growing concerns as it reflects the” short sheet “on net reserves. The efforts required in financial dollars have also been accentuated, since their regulation seeks to mitigate the most accelerated slippage shown by the freer references, which reflect that the appetite for dollarization is still in force “, wrote the analyst Gustavo Ber.
On the verge of $ 200
The blue dollar racked up $ 2.50 last week. Likewise, throughout October it grew by $ 11.50 (6.2%) due to high inflation, exchange controls, fiscal deficit and strong country risk amid electoral uncertainty, which fueled devaluation expectations and put pressure on the currency , which usually has sudden jumps with just a few operations.
In any case, so far in 2021 the parallel has appreciated 18%, well below the accumulated inflation of 2021, close to 37%. Last Thursday he posted his all-time nominal record of $ 198.
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