Dollar today: how much it is trading at this Friday, October 8

The dollar today ended stable this Thursday at $ 104.53 -without taxes- (+23 cents in the week), according to the average of the main banks of the financial system, for the second consecutive round, after Tuesday’s announcements about greater exchange controls to stop the flight of reserves. In turn, the retail value of the US dollar closed unchanged at $ 104.25 at Banco Nación.

The Central Bank bought $ 70 million , with which it accumulated a positive balance of US $ 170 between Thursday and this Friday , in a day where the market maintained a business level of US $ 350 million, above the average of the month (u $ s280 million) and of the year (u $ s220 million), marking an operation within the normal parameters.

Thus, in October the BCRA reduced to less of u $ s50 million the net sale. In October 2020, more than US $ 380 million had been sold in five days.

The Central Bank purchases occurred after the Tuesday two measures will be established that tighten the grip on financial dollar operations and limit the advance payment of imports for a month. Official decisions seek to limit the drainage of foreign currency from the coffers of the monetary authority, which was accentuated as a result of seasonality and electoral dollarization.

On the one hand, the CNV board decided to reduce the maximum operable amount to sell MEP dollars to 50,000 nominal per week through bonds under local legislation. Until now, this limit only applied to cash with settlement (CCL). This suggests that the BCRA has to allocate less foreign currency from the reserves to contain the exchange gap between the financial prices “regulated” by its intervention, fundamentally that carried out with the AL30 title, and the official dollar. In September, the Central would have allocated slightly more than US $ 300 million (in addition to the US $ 950 million it sold in the official market), according to market sources.

On the other hand, the resolution restricts the realization of the curlers that had been assembled in the market as a result of the previous exchange regulations and official intervention. These arbitrations consisted of buying CCL or MEP at the regulated price ($ 176) and selling it in other segments where the BCRA does not participate, such as Senebi or in operations with other assets (around $ 190). Now, in case of operating AL30 in pesos, it will not be possible to sell against MEP or transfer them for a period of 30 days.

In turn, The BCRA announced that it will modify during October the mechanism by which advance payments are made for some imports. Specifically, it is a limit to the advance of purchases abroad that had been demanding a growing number of reserves given the expansion of the gap and the expectations of devaluation in the market.

In line with the Central purchases, the gross international reserves rose US $ 58 million, to US $ 42,847 million (in the month they fell US $ 64 million).

Dollar savings

The savings dollar or solidarity dollar -which includes 30% of the tax COUNTRY, and 35% to Profit account- remained stable at $ 172.47, according to BCRA data. For the week, it was up 37 cents.

Wholesale dollar

In the wholesale segment, the currency rose two cents to $ 98.94 in this last round, while it ended the week with an advance of 13 cents.

The US currency showed a very stable behavior on the day, with prices very stabilized within the regulatory values ​​set for today by the control authority. The amplitude between highs and lows was significantly reduced in a scenario of marked tranquility.

Dollar CCL

The Dollar Cash with Settlement advanced 0.6% (98 cents) from last Friday to $ 176.55 (today, + 0.1%), bringing the gap to 78.4% . For its part, the “unregulated” CCL that is agreed through bilateral negotiations (SENEBI) -where transactions are not marked on electronic screens- or via ADRs was around $ 195 .

Dollar MEP

In turn, the MEP dollar or “regulated” Stock Exchange rose in the same proportion in the accumulated of the last four days to $ 176.45 ( + 0.1% today), which left a spread with the wholesaler of 78.3%.

Dollar blue

The dollar blue fell $ 1 this Thursday to $ 184.50, which represents its lowest value in more of two weeks, according to a survey of Scope in the black market of currencies.

In this way, the parallel dollar thus erased the rise of 50 cents registered in the previous round, after announcements of tighter controls on financial exchange rates s to stop the flight of reserves.

The informal dollar rose to $ 187 on Wednesday intraday, to then cut back and approach the same values ​​of Tuesday’s close.

With the decline on Thursday, the gap with the official it fell to 86.5%, minimum in three weeks.

Throughout the short week, the parallel dollar posted a drop of $ 1.50, the first drop in this span since early August.

During September, the blue dollar came from registering a rise of $ 4.50 (+ 2.5%), after accumulating in August its lowest rise since March , by climbing just $ 1 (+0.6%).

After touching a low of $ 139 at the beginning of April, the parallel dollar increased $ 9 in April (6.4%), $ 7 (4.7%) in May, $ 11 (7%) in June, and $ 12.50 (+ 7.4% ) in July.

The nominal historical record of the blue dollar was recorded on 23 o October 2020, when the price shot up to $ 195. That day the gap registered a record 150%. Meanwhile, the maximum level of the gap in 2021 was noted in January when it reached 94.8%.