The blue rises again and continues breaking its nominal records

Hear

Since the week started, the Dolar blue It did not stop rising and is slowly approaching the $1400 barrier. With their eyes focused on themselves, Deputies insist on the fiscal reform sought by the Government, and in a scenario marked by the collection of the bonus and interest rates in pesos that lose compared to inflation, Free contributions are trending upward again and in all cases they set nominal records.

This Wednesday, the trees that work in the streets of downtown Buenos Aires they sell parallel dollar at $1380, in a time marked by the collection of the complementary half annual salary (SAC) for workers in a dependency relationship. This value is $15 higher than the previous close (+1.1%), while a few days before the end of June it accumulates an advance of $155 (+12.7%).

Even in other parts of Argentina, the price is more expensive. For example, in caves in Tierra del Fuego and Santa Cruz, blue sells for $1,401. While in the province of Buenos Aires, Córdoba, Salta and Santa Fe it is negotiated at $1,394, according to information collected by Infodólar.

In any case, when analyzing these values ​​in real terms (when adjusting for both local and international inflation), the blue is far from other recent crises. For example, the $1,100 it reached in October of last year is equivalent to $2,700 today. While $195 in October 2020 would be $2,800 today, according to an analysis by Econviews.

“The second half of June, like the second half of December, are seasonally demanding for foreign currency in Argentina. The payment of bonuses, expenses and winter vacation advances is influenced by a difference in favor of the blue against the card and tourist dollars ($1,484 in Banco Nación), which are significantly higher. In addition, somewhat negative interest rates are added. All of this influences so that, in a market with little depth and liquidity like the bluethe lack of supply and the increase in demand are reflected in its price,” said Gustavo Quintana, operator of Cambios PR.

The financial exchange rates also register some increases, although to a lesser extent than the Dolar blue. In part, analysts point out that the gap that was generated with the parallel is due to the exchange restrictions that still exist in the financial market, which limit the demand of companies. At the same time, they propose that this segment has a greater supply, since exporters can settle 20% of their cash sales with liquid (known as dollar blend).

In that scenario, the MEP dollar through the purchase and sale of GD30 bonds appears on the capital market screens at $1314.54, with a daily advance of $5.5 (+0.4%). He cash with settlement (CCL), tool used to transfer greenbacks to a bank account outside of Argentinaclimbs $8 and is trading at $1,320.57 (+0.6%). So far this month, they have climbed to $98.6 (+8%) and $73.3 (+5.9%), respectively.

“Anywaythe CCL is still below its average of the last 10 years of $1,334 in real terms (when adjusted for inflation) and the $1,423 implicit in the first Bopreal Series 3 tender in which the participation of companies with retained dividends was allowed,” the analysts at Portfolio Personal de Inversiones (PPI) measured.

THE NATION