Understanding the CCL and MEP Dollar Trends: What’s Driving the Surge?

2024-02-02 16:41:15

In that context, the dollar CCL advances $23.17 (+1.8%) to $1,305.08. For its part, the gap with the official exchange rate is positioned at 57,8%.

In turn, the MEP dollar increases $20.18 (+1.6%) to $1,255.61. In that way, the gap of this exchange rate with the official is located in the 51,8%.

MEP dollar and CCL are trading upwards: what are the causes?

Walter MoralesPresident of Wiseexplained to Scope that the strong rise of dollar MEP is because until now this currency has been “was below the blue and with a significant gap with the CCL.”

“The increase responds to the fact that the MEP was well below the dollar on monetary liabilities – which results from the division of these by reserves, less reserves – and it moves between $1,235 and $1,250,” Morales said and added: “In this case it is starting to get close, since was the only one that was below, of the registered operations“.

Meanwhile, the economist Federico Glustein He stated that in his opinion there are two reasons that explain the sharp rise: firstly, a “sustained demand” of the MEP against one drop in demand for pesos, product of the collection of salaries, added to the return from vacation; and secondly, the uncertainty generated by the omnibus law, “It helps distrust the market, which does not observe stability and leans towards financial”.

For his part, the economist Amilcar Collante emphasized the elimination of the tax chapter of the omnibus law, which raises doubts as to whether the Government will be able to achieve fiscal balance. In addition, he highlighted that the official dollar lags behind inflation, since the $800 devaluation. It went to less than $600 adjusted by the real multilateral exchange rate. “This can generate less accumulation of reserves and a greater expectation of devaluation”he pointed out.

Finally, since Proficio Investment They mentioned that “rumors that the harvest might not be so good” also impacted demand for the dollar MEPat the same time that, in the previous days, the decline of the dollar on the stock market had been “very violent.”

How much is the official dollar trading at today, Friday, February 2

He wholesale dollar is negotiated at $827,40 per unit, that is, 50 cents up of Thursday’s closing.

How much does the blue dollar trade at today, Friday, February 2

He low blue dollar a $1.150 for the purchase already $1.180 for the saleaccording to a survey of Scope in the caves of the City.

Price of the card dollar today, Friday, February 2

He dollar card or touristand the dollar savings (o supportive) operates in the $1.354,40.

Crypto dollar quote today, Friday, February 2

He crypto dollar Bitcoin dollar opera a $1.279,45according to Name.

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