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Blue dollar, the unbeatable bet of 2020: it rose 112% in the year

2020-12-28T13:40:42.005Z


Those who were using the monthly quota of US $ 200 to 'puree' obtained a profit in pesos of between 26% and 48% .- Blue dollar today: at what it is trading this Thursday, September 3


Annabella quiroga

12/28/2020 10:08

  • Clarín.com

  • Economy

Updated 12/28/2020 10:08

At the local level, the blue dollar was the unbeatable investment of 2020. It rose

112% between January and December

and beat the financial dollars, the MEP and the cash with liquid, which increased between 88 and 93%.

Whoever was able to access the quota of US $ 200 each month with the intention of mashing and selling it in the blue bagged throughout the year a profit in pesos that ranges from $ 64,700 to $ 121,000, depending on when it was sold. 

The blue started the year at $ 75 and with only three wheels ahead it is closing it at

$ 159 for the top seller and $ 154 for the buyer

.

So whoever bought US $ 1000 in the informal on January 2 of this year allocated $ 75,000 and if he mashes now in the blue and sells them, he takes $ 154,000, a little more than double.

Until the reinforcement of the stocks last September, the profit from the puree had been exceeding the inflation that had accumulated up to 20% at that time.

Until September in the average of the year a profit of 34% was obtained if it was bought in the official and sold in the blue.

But with the rising cost of the dollar, I saved with the additional 35% surcharge on Profit account,

that gap narrowed

.

So, the one who was buying the US $ 200 month by month and immediately sold it in the blue obtained an average profit of 26%, $ 64,700.

It no longer looks so attractive in the face of inflation that just accelerated in the last four months and is shaping up to close the year at around 35%.

But whoever had the chance to keep the tickets while waiting for the best price, took

a bigger slice

.

The one who collected US $ 2,400 over the course of twelve months and sells it now keeps a difference of $ 121,000, a gain in pesos of 48%.

v 1.5

Evolution of dollar prices

Tap to explore the data

Infographic:

Clarín

The incentive to puree grew at the rate of the quarantine.

Until mid-April, the informal dollar ran behind the savings dollar.

In the summer, only half a million Argentines bought through the official channel.

Starting in May,

the exchange rate gap jumped

, driven by uncertainty, expectations of devaluation and the flow of pesos that before the pandemic were used for expenses such as transportation and recreation.

That is precisely when

the use of the US $ 200 quota

begins to take off

, which increased to 1.7 million buyers in April, 2.2 million in May, 3.3 million in June and 3.9 in July.

The peak was August with

4 million people

taking $ 1 billion.


Then came the reinforcement of the exchange stocks and nothing would be the same.

With the deployment of the disqualifications for the purchase of foreign currency in the official market, the use of the quota reached 3.8 million people in September and in October it fell to one million.

In November they were 870,000

and a similar number is estimated for December.

So whoever used their quota in the first five months of the year and kept the tickets, in May had

US $ 1,000 for which they had paid $ 84,800

.

At the opening of the month the blue was already trading at $ 115. So whoever sold the accumulated US $ 1,000 took $ 115,000.

He made a difference of $ 30,200.

In June, the puree brought in $ 5,820.

In July, $ 5,600.

And in August, $ 6,490.

Thus, to the $ 30,200 bagged in May, in the following months $ 17,910 are added.

In total, the one that made puree

in eight months took $ 48,110,

a gain of 34% in pesos.

In September, the majority used the quota before the reinforcement of the stocks that occurred on September 16, which saved the dollar from $ 104 to $ 128. Then, the profit of the mash reached $ 4,800.

In October, the few who were able to access the official quota made a difference, on average $ 5,600.

Separate paragraph for those who had the

affiliate instinct

to sell on October 23, when the buyer tip touched $ 190 and the seller touched $ 195. They

made $ 10,600.

And if they sold the $ 2,000 they had accumulated in the year, they took home $ 190,000,

100% profit.

In November, the puree averaged $ 4,600.

And this month, with the steep decline of the blue, which moved in the first three weeks around $ 150 to rise to $ 154 / $ 159 on December 23, the profit

was limited to $ 1,600.

In the year that is about to start, the forecasts indicate that the blue dollar will continue to maintain its attractiveness.

For economists, the exchange gap will widen again.

And if more restrictions were not measured, as the year progresses, a good part of the disqualifications that left three million buyers out of the market will expire - those who received the IFE or the salary with ATP, among others, were excluded for 12 months- , with what would be

more interested

in mashing.


AQ

Look also

Dollar: with a gap of $ 14 between the MEP and the blue, the attractiveness of “mashing” returns

Dollar today: is there scope for the gap between the blue and the official to continue to decrease in 2021?

Source: clarin

All business articles on 2020-12-28

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