Updating the Exchange Rate Band: How Much the Dollar Can Reach in November without Intervention From the Central Bank
5 Articles
5 Articles
From the September CPI data, the entity adjusted the limits of the official exchange rate float margin for next month; the wholesale exchange rate is located at $1513
The ceiling is updated on the basis of inflation and sets the limit from which the monetary authority must act to contain the quotation
With a September inflation of 1.93%, the Central Bank determined the new update scheme for the last month of the year. How much should the quote rise to reach the Jujuy limit per day ® – The Argentine exchange market continues to operate in a band scheme, which puts a floor ceiling on the [...] The entry How much the dollar can reach in November without the government intervening according to the new exchange rate band was first published in Juj…
The wholesaler closed at $1,513 and failed to recover the accumulated fall during the beginning of the week. While the blue went up again and the CCL exceeded $1,600, the new update scheme will carry the upper limit of the exchange band up to $1,989,12 by the end of November.
With the September inflation, the Central Bank updated the exchange rate band and the wholesale dollar already has a new roof for November: it can go up to $1,989,12 without mandatory intervention. What margin it has left from the current level and what could happen if the exchange rate pressure accelerates.
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