Sunday, August 9, 2020

How much will the dollar cost at the end of the year according to market gurus

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REM participants estimate that the average nominal exchange rate reaches $ 88 per unit as of December 2020, which represents a ddecrease of $ 0.50 compared to the previous REM.

The price is located in the bands estimated by the consulting firm Ecolatina, which raises two possible scenarios towards the end of the year in exchange rate matters and consequently two price estimates for the dollar.

In the first case, it considers that the Central Bank maintains unchanged access to the official exchange market (MULC), with which the currency would close the year. in the $ 85 zone, accumulating a depreciation of just over 40% in 2020.

In the second case, he estimates that the restrictions to access the MULC will be transitory and could be relaxed in a less adverse context, as a consequence the depreciation of the peso would touch 60% in 2020 and the currency would close the year around $ 95.

This Friday, at Banco Nación, the ticket sold for $ 74, while on the electronic channel it amounted to $ 73.95.

He “tourist” dollar -which carries 30% of the COUNTRY tax- rose 99 cents to $ 96.62 in the week, in agencies and banks of the city of Buenos Aires, according to an average of Ambito, because the retail dollar advanced 76 cents to $ 74.32 in that period.

This is the highest weekly rise in three weeks, taking June 12 as a reference.

In the Single Market and Free of Exchange (MULC), the currency rose 42 cents to $ 70.64 in the week after climbing six cents on this last wheel, coinciding with the Central Bank’s selling stance for today.

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