Annabella quiroga
10/14/2020 6:01 AM
Clarín.com
Economy
Updated 10/14/2020 7:21 AM
This week
the blue dollar opened at $ 166
.
With this price, the informal market seems to settle in the area that it reached last Friday, when it rose 9 pesos in one day and touched $ 167. This strengthens the gap with the official exchange rate and
gives air to the mash
, the operative of buying in the official and selling in the blue to make a difference.
The puree had its peak from May.
At the peak of the operation, those who used the quota of US $ 200 could pocket $ 7,000 in a month this way.
But 30 days ago, when the Government tightened the stocks with the 35% surcharge as an advance on Earnings,
the value of the savings dollar went from $ 102 to $ 135
.
At the time, the blue was trading at $ 140 to buy and $ 145 to sell.
Historical exchange gap
Free dollar vs.
official dollar
Swipe to explore the data
Source:
FMYA BASED ON SCOPE AND BCRA
Infographic:
CLARÍN
Thus there was no longer an incentive to puree.
With only five pesos of distance between one quote and another, you could barely get a $ 1,000 difference per month.
Now the incentives are different.
The buying point of the blue is at $ 162, so whoever manages to buy in the official at $ 137 and goes to the blue, takes $ 25 per dollar, $ 5,000 per month.
Of course, this option today is very limited.
With the multiple restrictions that were established in the super capital, only
1 in 4 savers
was able to use the US $ 200 quota.
To this is added that the strong rise in the blue and the widening of the gap reignite fears that there will be
a devaluation in the short term
, which is why savers tend to prefer to hoard the US banknotes rather than be tempted by the mash.
In fact, the scarce supply of tickets is one of the reasons that promote the widening of the gap: with this uncertainty, they only accept to sell those who are drowned and urgently need pesos.
The depressed supply of blue is enhanced by the effect of
closed borders
.
Due to the pandemic, no tourists have entered Argentina for seven months.
In the stocks from 2011 to 2015, the dollars contributed by foreigners gave fuel to the blue.
Today, with the deep devaluation of the peso, it is better for travelers to sell their dollars in the blue and get $ 162 for every dollar instead of selling them at an exchange or paying with a card, which takes the price at $ 75.
Foreign tourists left US $ 6.5 billion in the country in 2019.
This year they spent barely US $ 1.5 billion until March 20.
In the absence of tourists, the only offer that remains is that of local savers, which is increasingly concise.
The blue opened the year at $ 75, below the saving dollar that was at $ 82, with the PAIS tax incorporated.
With the quarantine, the blue began to pick up speed.
Thus he reached the current $ 166, an increase of 121%.
The savings dollar has risen 67% since January 2, as a result of the daily microdevaluations and the 35% surcharge as an advance on Earnings.
In that period, the MEP dollar rose 100% and the cash with liquid, 110%.
Throughout the year, those who dared to puree obtained
profits ranging from 48% to 33%
, depending on when they sold in the informal market.
AQ
Look also
The Central, without respite: although the blue dropped, the reserves and the cash with liqui put pressure
Due to the exchange gap, they forecast a deficit of US $ 7,000 million in tourism for 2021