This movement is set against a backdrop of nominal weakness in the first quarter, greater liquidity in pesos, and growing market attention to the exchange rate dynamics.
Data by segment:
Retail: the official dollar closed at Banco Nación at $1,415; the average for the financial system is around $1,410.
Card dollar: it remains at $1,839.50 (includes a 30% surcharge for Profits Tax).
Financials: the CCL advanced 0.9% to $1,488.19; the MEP rose 0.9% to $1,433.33.
Blue dollar: with no major changes, it stood at $1,405.
The gap between parallel exchange rates and the ceiling of the exchange rate band widened and now stands at around 20%, a level that has nearly quadrupled so far this year.
This widening reflects pressure on alternative rates in a context of greater liquidity and active exchange rate expectations.
Buenos Aires, April 1 (NA) – The wholesale dollar started April with a rise of over $10, due to changes in monetary policy.
The foreign exchange market closed April with mixed signals: after starting the day one peso below the last day of March, the wholesale exchange rate rose during the session and ended at $1,394 (+$12 | +0.9%).
