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Blue dollar at $493: Is the 'curler' coming back with the MEP dollar?

2023-05-30T17:53:09.807Z

Highlights: The parallel market remains stable, but there are some 'arbitrage' options for savers. The blue dollar is trading at $ 493, a rise of $ 24 in the last 30 days. The MEP dollar gains 0.8% on Tuesday and is just above $ 463. So far in May, the price jumped 6.2%, above the adjustment made by the price of blue on the street. The NVC aimed to cut "a curler" that made investors earn up to 20% in dollars per month.


The parallel market remains stable, but there are some 'arbitrage' options for savers.


By the end of the month, the parallel market moves with relative stability. The blue dollar is trading at $ 493, a rise of $ 24 in the last 30 days, which implies a jump of 5% so far this month, well below the inflation projected for May by most of the City's consultants, who see it above 9%.

After the latest adjustments to the stock, the financial dollars also move calmly: the MEP dollar gains 0.8% on Tuesday and is just above $ 463. So far in May, the price jumped 6.2%, above the adjustment made by the price of blue on the street.

Precisely the difference of $ 30 between the price of the bill on the street and that of the US currency that is obtained in the Stock Exchange is what encourages some savers to do the maneuver known as "mash": that is, buy "cheap" in one market to sell it more expensive in the other.

Last week, the NVC aimed to cut "a curler" that made investors earn up to 20% in dollars per month. The agency chaired by Sebastián Negri ordered that all those who acquire dollars for operations with AL30 or GD30 bonds (MEP or CCL) for 15 days will only be able to sell those dollars with similar titles and not with Ledes.

The rule does not prevent access to dollars, so a saver who buys MEP dollars via bonds and wants to take those dollars to sell them on the black market, would not find limitation to do so and earn up to $ 30 per dollar. However, being two different markets, one legal and blank and one informal, it may not be an easy task to "rule" indefinitely in this way.

"It involves buying dollars in the stock market, withdrawing them from the bank and selling them in the informal market and thus obtaining a profit, the issue that if one returns to dump those pesos in the formal market may have some call for attention or some intimation by AFIP or some comptroller agency," explained a market operator.

"This mechanism has a certain ceiling, it is limited to small volumes and ultimately also threatens the investor himself if he decides to do so. At the very least, you should know the risks," he added.

NE

See also

End of the agricultural dollar: the Central Bank accumulates net purchases for US $ 860 million, but reserves continue to fall

Dollar today and blue dollar, LIVE: how much it is trading and what its price is this May 30, minute by minute

Source: clarin

All business articles on 2023-05-30

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