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Instability and devaluation: Dollar Year


Dollar prices exceeded 2018 growth and increased by 50% and the Merval index of the BAC in Buenos Aires, with a cumulative increase of 0.75% and a 50.2% fall in dollars. The inflation rate over the last twelve months would be around 48%, and the monetary policy rate, after the first days of October, reached a maximum of 74%, was 59.25%.

At the retail level of the dollar, it dropped 1.40% today, closing the day at $ 38.85 million, according to the Central Bank's daily average. Thus, this year, the US currency rose by 105% in the last working day of 2017 to $ 18,921.

In the wholesale segment, the dollar has dropped 60 cents today at $ 37.70, 101% more than the previous twelve months.

The U.S. division's highest price ended on September 18, when it closed at $ 40,502, about $ 44 a day on some banks traded.

The experts have stated that from the beginning Mauricio Macri was the president's message, he confirmed the agreement signed at the beginning of June with the MFN, it was not accepted by the multilateral organizations, and it was not inconvenienced that the main role of Washington was led by Luis Caputo, the Central Bank.

Mauro Morelli, Rava Bursátil analyst, said 2018 is "forgotten a year," and as a result, a heavy deceleration of weight caused a great deal of resistance to the weakness of the Argentine economy. "

"The Argentine ADR in Wall Street suffered a year-long blow, with losses of between 30% and 70%, and literally settles almost all Argentine companies that appear in New York."

Morelle said that "the financial keys continue until 2019: tax solvency, inflation reduction and exchange rate stability", which is impossible to distinguish from the electoral question. In August, PASO will be held and in October the presidential election – and its consequences, especially in Argentina's debt sustainability.

In the last months of 2018, the variable was JP Morgan's risk of prepared countries, which registered 837 main points during the previous days, from 2014 to the current highest.

The rise in debt over medium and long term debt, such as the Discount of Argentine Law data, dropped almost 40% or the Argentine National Bonus (AO20) fell. ), With a red over 13%.

In addition to the local Argentine crisis factors, the international context brought about the increase in tariffs organized by Fed and the forecasts of new increases in 2019 and the wartime trade between the US and China.

Sabrina Corujo, Personal Porftolio, said the annual balance of the stock market in Buenos Aires "broke all the expected expectations a year ago."

Specialists registered in the first days of January, Merval obtained 35,145.45 points in the last registered trademark.

"The confidence of the government was the sharp depreciation of the currency caused by the crisis in the stock market and the effect of real Argentine economic variables," said Corujo.

Before 2019, analysts were convinced that "the worst happened and the year closed close to a climate of exchange stability and a slight drop in interest rates."


  • balance
  • exchange market
  • dollar
  • Sandleris
  • central bank
  • BCRA

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