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How much did the dollar fall in the last round of 2018?



Price dollar the retailer retreated to 1.40 percent, closing the day at 38.85 pesos, based on the average daily value, reduced central bank,

Thus, during the current year, the US currency increased by 105%, due to the fact that on the last working day of December 2017, it amounted to US $ 18,921. In the cash market, trading volume amounted to 1111.3 million US dollars, which is the highest figure in the last seven months. Meanwhile, the sum on the futures market of MAE amounted to 153 million dollars.

At today's close, it was $ 38.85 pesos, and the dollar fell 2 cents compared to December of last year; while during the year it increased by $ 18,951 compared with the end of December last year. Over the course of 2017, the dollar at the retail level accumulated an increase of 17.29%. The highest price for the US currency was registered on September 18, when it closed at $ 40,502, on a day when some banks negotiated $ 44.

The Central Bank provided liquid letters for 11 days in the amount of $ 216,931 million. United States with an average rate of 59.25% (on Thursday it closed at 59.39%). The maximum yield was 59.85%, and the minimum – 58.50%.

“The business has been in recent months due to the interest rate in pesos, therefore both banks and local and foreign companies sell currency and place in local currency, at rates currently around 45% TNA,” operator Fernando Izzo, from ABC Mercado de Cambios.

“A dollar in another country has no business attractiveness, except for depositing in Letes for primary issue, increasing government bonds and / or bonds in dollars in various assets,” the expert added.

For his part, Gustavo Quintana said in his usual analysis that “the high level of interest rates, which remained with slight fluctuations until the end of the month, contributed, along with other factors associated with specific raids of state banks into the market, to restrict price movements, depriving them of that alarming role, which was seen in the first half of the year. "

“The good prospects for the next excellent harvest also contribute to the formation of expectations for the income stream, which in the first quarter of next year will allow us to smoothly influence the dollar price on the local market,” said Quintana.

Meanwhile, in the informal market, the blue dollar rose 50 cents to 40.50 dollars. Finally, the international reserves of the BCRA declined this Thursday by $ 336 million to $ 66,111 million.


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