The free dollar continues to discount and the MEP is close to piercing the $1000 barrier

2024-03-06 16:01:00

The parallel currency continues to decline and this Wednesday, March 6, it operates at $995 for sale and $975 for purchase, with a pronounced drop of $15 compared to the previous round. It should be noted that since this is not an official quote, there is different information about the price. Even some portals still place it slightly above $1000.

At $995 levels, the informal currency hits its lowest of the year. It has accumulated a decline of $35 in the month of March and positions the exchange gap below 20% and at its lowest since December 2019.

Meanwhile, the financial dollars They also extend the bearish streak. For example, the MEP dollar drops to $1,001.49. For its part, the CCL dollar fell to $1,031.74.

The value of the bill at Banco Nación is $864.50 and the price of the card or tourist dollar is $1,383.20

The Central Bank bought US$84 on Tuesday and in the three rounds of March it acquired US$455 million. Since December 13, when a strong devaluation was applied, it has accumulated purchases for US$8,947 million. The level of net reserves is located at US$27,751 million.

On Tuesday, the S&P Merval It operated in the red, so it was a totally negative day for the shares. In Wall Street, the papers of Argentine companies also fell sharply. Meanwhile, dollar-nominated bonds also ended mixed.

Developing…

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