Blue dollar, dollar today: how much is it trading this Thursday, December 29

The official dollar closed this Thursday at $183.25 for sale and $175.25, according to data from Banco Nación. In this way, it showed a slight rise of $0.25 on the day.

After climbing $10 on Tuesday, the dollar for sale in the informal market closed at $357 on Wednesday in Cuevas y Arbolitos in the city of Buenos Aires. But this Thursday, after a week of jumps, the foreign currency fell seven pesos and closed at $350 for sale, and $346 for purchase.

The central bank of Argentina (BCRA) tendered on Thursday 1.1 trillion pesos (about 6.222 billion dollars) in Letras de Liquidez (“Leliq”) with a stable rate of 75% per year, operators told Reuters. The 28-day notes registered maturities for 1.02 trillion pesos, they added. This monetary authority will study a possible reduction in its reference rate in the first part of 2023, in line with an expected drop in the country's inflation levels, a source with knowledge of the matter said on Thursday. Exchange rate: 1 dollar = 176.80 pesos.

The S&P Merval index rose 0.67% and was located at 203,925.46 units after the half round in the Buenos Aires market, while the shares of Argentine companies on Wall Street operated with positive figures, with increases of up to 4.3 %. Likewise, in the leading panel of the Buenos Aires stock market, the majority of positive results were presented. In the fixed income segment, bonds in dollars showed a negative trend, with losses of up to 5.2%. While titles in pesos marked increases of up to 1.6% and cuts of up to 1.4%. Thus, the country risk rose 0.2% to 2,159 basis points.

The Central Bank (BCRA) today bought US$ 539 million in the exchange market, favored by the incentive generated by the reimplementation of a special exchange rate for exports from the soybean chain, which is valid until the end of the month, and by the income of funds for infrastructure, informed Télam. In the accumulated of 2022, the monetary authority has bought US$5.69 billion in the market, and thus exceeds the US$5.524 billion reached in 2021.

In the case of people who exceed amounts of US$300 per month in foreign currency with a credit or debit card, the dollar rate to apply, for all the money in that currency, will automatically be $347. This is due to the fact that 30 percent is added to the official retail dollar for the PAIS tax, 45 percent on account of Earnings, and 25 percent for Personal Assets.

The pesos can be dollarized indirectly through the purchase of Argentine Certificates of Deposits, better known as Cedears. They are a representation of the shares of the world's great companies such as Disney, Apple and Coca-Cola that are paid in pesos, but are tied to the CCL dollar price.

The parallel dollar dropped four pesos and operates at $350 for sale in the city of Buenos Aires.

The economist Rodolfo Santangelo, director of the Macroview consultancy, critically analyzed the economic scenario that leaves the year 2022, observed fiscal spending and pointed out rising inflation. “It didn't overflow and it didn't go 100 percent but it was close. A difficult year awaits us, ”he said on LN +. Likewise, he specified that only one condition prevents inflation from rising above 100 percent. “If the devaluation is avoided, I think we are not going to triple digits,” he opined. Even so, he warned: "The exchange battle is still open."

Streaming services from foreign providers (such as Netflix, HBO, Spotify and Amazon Prime) are part of the US$300 quota, so the value of the currency that will be paid for this will depend on the final amount of consumption for the month.

Also known as “solidarity”, it is the currency obtained by those who buy the official currency for savings or tourism. To know its price, the official retail dollar must be added 30 percent corresponding to the PAIS tax and another 35 percent on account of Earnings and Personal Assets. Only a few people can agree to buy dollars at this price, and up to US$200 per month can be purchased.

The dollars denominated as "small head" are those in which the effigy of Benjamin Franklin is smaller. Despite the fact that the official website of the Federal Reserve of the United States (Fed) ensures that they all have the same value, most Argentines do not accept them or receive them with a price between 1 and 5 percent lower than the of the "big head".

The US currency in the official market is trading at $175.25 for purchase and $183.25 for sale; meanwhile, the blue dollar stands at $350 for purchase and $354 for sale. Thus the exchange rate gap is $170.75.

In Argentina, there are several options to obtain the US currency directly and indirectly through banks, the stock market and exchange platforms. In this note from LA NACION you can consult the different current alternatives to become dollarized, considering the price variants.

This Thursday, December 29, according to the indicator prepared by JP Morgan, Argentina's country risk reaches 2159 points, five digits above the previous day's record.

Since Monday, November 14, Argentines traveling to the Malvinas Islands have not paid the Tax for an Inclusive and Solidarity Argentina (PAIS), as ruled by resolution 5286 that was published in the Official Gazette. The Federal Administration of Public Revenues (Afip) provided, in this way, that consumptions made in foreign currency through credit or debit cards, "when they are made in or with destination to the Malvinas Islands, South Georgia and Sandwich del Sur”, will not pay the 30 percent of the PAIS tax that is charged to those who buy articles or services abroad.

The procedure to recover the percentage taxed on Personal Assets is done through the AFIP website following these steps:

The parallel dollar dropped three pesos from yesterday's close and is trading at $354 for sale.

Last Tuesday, the economist and Liberal deputy Javier Milei participated in the Small Table (LN+) and analyzed the rise of the blue dollar. "The dollar has no ceiling because the peso has no floor," he diagnosed. Then he added: “The peso, the currency issued by the Argentine politician, cannot be worth anything, not even excrement, because at least the latter serves as fertilizer. Argentine politicians are not even good for that. They are a bunch of jets, of criminals, where in the last 40 years the only ones who have progressed have been the politicians, people are doing worse and worse”.

The parallel US currency opened the trading day at the same closing value as yesterday: $357 for sale.

The stocks is the restriction on the purchase of foreign currency, and in Argentina it was implemented with the aim of curbing the demand for dollars and avoiding the loss of reserves of the Central Bank (BCRA). This led to the fact that, in the last three years, the Argentine governments implemented new prohibitions and quotas to access the Single and Free Exchange Market (MULC).

If a person does not have access to the acquisition of savings dollars, it is because they are within one of these groups:

The retail dollar, which is controlled by the Central Bank (BCRA), opened the exchange round at $175 for purchase and $183 for sale on the Banco Nación board, at the same closing values ​​as yesterday. On the other hand, the country risk remains at 2,154 basis points.

Those who must travel or consume products or services abroad, have to take into account the price of the dollar according to the expense they make; Thus, two large groups are differentiated according to the ceiling of US$300.

The bitcoin dollar, also called the crypto dollar or stablecoin (considered that way because of its parity with the dollar), increased in value. On the Buenbit platform, DAI can be purchased at $344.28.

It is the currency that is controlled by the Central Bank (BCRA) and has two channels: retail and wholesale. The retail is the reference exchange rate, which is taken as the basis for calculating other market prices. The wholesale price, on the other hand, is the reference price in the foreign market.

The Central Bank (BCRA) bought US$ 239 million yesterday in the exchange market, favored by the incentive generated by the reimplementation of a special exchange rate for exports from the soybean chain, which is valid until the end of the month. Yesterday's positive balance -the most important since the last meeting in September- is added to the US$ 1,401 million that the Central Bank acquired during the last four weeks. In this way, the total amounts to almost US$ 1,640 million since the Export Increase Program (PIE) was reinstated, which establishes a differential exchange rate for the soybean complex of $230 for each dollar unit. In yesterday's session, "the soybean dollar contributed US$ 203,561 million," according to Gustavo Quintana, an analyst at PR Corredores de Cambio.

Last November 30, the highest-denomination peso turned five and, as the journalist Sofía Diamante told LN+, it was losing value due to inflation: in 2017, when it was launched, it was equivalent to US$58 and, some time later, in October of this year, it was already worth between $3 and $8.

After climbing $10 on Tuesday, yesterday the dollar in the informal market rose $1 and reached $357 in caves and trees in the city of Buenos Aires. That's a 0.3 percent gain in one day, completing a gain of $17 (5 percent) so far this week alone. At the beginning of the day, however, the blue dollar had touched $359.

The Central Bank (BCRA) today bought US$ 539 million in the exchange market, favored by the incentive generated by the reimplementation of a special exchange rate for exports from the soybean chain, which is valid until the end of the month, and by the income of funds for infrastructure, informed Télam.