The value of the MEP dollar is calculated by dividing the price in pesos by the quote in dollars. Some banks offer the possibility of performing this operation through their home banking, although it is important to check if they charge fees. The process involves logging into home banking, selecting 'Investments' or 'MEP dollar', choosing the amount in pesos, reviewing the details, and confirming.
This Monday, November 18, 2024, the official dollar quote after the market opening is $1,022 on the screens of the Banco de la Nación Argentina. The entity buys and sells the necessary bonds for the operation, although it is important to note that dollars may take up to two business days to be credited due to 'parking', a term imposed by the National Securities Commission (CNV).
Regarding the PAIS tax, it was established in 2019 during Alberto Fernández's administration. The tax mainly affects the acquisition of foreign currencies for savings, credit card purchases abroad, purchase of international tickets or tourist packages, and subscription to international digital services like Netflix. The rate is 30% plus another 30% for perception on Income and Personal Assets, in addition to other percentages applied to various operations.
In relation to the variation of the dollar, in the last week the volatility of the official dollar was 1.52%, showing a more stable behavior compared to the annual volatility of 99.06%. This suggests that, in the short term, variations have been smaller.
In the last year, the official dollar has reached a maximum cost of $1,022 and a minimum price of $828.3. Six months ago, the quote of the official dollar was $909.0. To acquire MEP dollars, it is necessary to buy bonds in pesos and then trade them in dollars, checking beforehand if the entity allows this operation and the available hours, as there may be delays.
