With the creation of the “soybean dollar” there are already at least 12 exchanges in Argentina: what are they?

Argentines are used to thinking in dollars. But the greenback has different values ​​depending on the sector of the economy in which you choose to use it. With the temporary improvement in the soy sector announced this Sunday by Sergio Massa, they are already there at least 12 changes that coexist in the local economy.

The wholesale dollar

The wholesale dollar, also called interbank dollar, is the one that manages a higher volume of operations. It is the dollar that is traded on the Single Exchange Market (MULC) and which large operators can access to obtain the currency necessary to carry out foreign trade operations.

The Central Bank intervenes in this market, buy dollars to rebuild their international reserves and sell them at times when demand skyrockets, thus preventing the price from rising. The wholesale price, which this Monday it opened at $ 140.2 on saleit is the one used as a reference for many operations on the market.

The retail dollar

It is the exchange rate it is sold in banks to the public. The BCRA reports daily an average of the prices of all entities and this Monday it is trading at $ 145.50.

As the shares have shrunk, this price is used as a reference only, as no one can access the US currency at that price, without paying the taxes related to the purchase.

The solidarity dollar

It is the exchange rate that arises from the retail price plus the taxes introduced by the government for those who buy them. Therefore, to the price reported by the institutions on their blackboard, it is necessary to add a PAIS tax of 30% and another withholding tax of 35% in account of the payment of the income tax.

The US $ 200 portion that can be purchased from exchange restrictions is renewed each month. The government recently made changes to who will be able to access this type of hoarding shopping and has ensured that those who have asked to keep subsidies in tariffs will be excluded from these lists.

At the same time, the director of the central bank Agustín D’Attellis assured that the agency is studying the lifting of the restrictions for those employees of companies who had requested state assistance during the most restrictive months of the pandemic in 2020.

Tourist dollar or card

A little over a month ago, the government raised the surcharge applied by AFIP to the personal income and assets account for card spending abroad from 35% to 45%.

To this increase must be added the PAIS tax, which is 30%, is in force for the next 3 years and is also non-repayable.. This dollar is trading on Monday at $ 254.63.

Dollar or MEP exchange

This is the name given to the exchange rate that comes from the electronic payments market. This is a stock exchange transaction that arises from the purchase of a bond whose price is in pesos but is convertible into the same bond that has a dollar price, by carrying out the sale in US currency.. The operation ends with the transfer of the dollars to a bank account.

Even the purchases are made by looking at the AL30 and the GD30 and the contributions vary according to the duration of the accreditation. Although this type of exchange is freely accessible, the only constraint is that the security must be held for one working day, before the closing of the exchange operation, which takes the name of parking.

The MEP dollar jumped significantly in June and July, in the midst of the peso rush generated by the resignation of Martín Guzmán. Anyway, the price has risen by just under 40% so far this year, on the back of rising inflation.

Cash dollar with settlement

It is a price that arises from the sale of bonds and shares listed both on the local and foreign markets. They are bought in pesos and sold in the local market in its “C” variant and settled in accounts in the United States. “The price is the result of dividing the amount in pesos spent on the purchase of bonds or shares, by the dollars received at the time of the sale,” explains Rava Bursátil on his website.

It is the exchange rate that companies use to dollarize. This Monday it trades at $ 286 and drops more than 2% since the beginning of September

ADR dollar

It is the one with liquidity, but instead of doing it with bonds, it is done with shares of Argentine companies. On average, this Monday is around $ 290but its price varies according to the card that is used to perform the operation.

Cedar dollar

It is the implied exchange rate that results from the purchase of these Argentine certificates of deposit, the cards that follow the price of the quotations of foreign companies. To calculate this price, we take the price of the certificates in pesos and divide it by the price of the New York shares in dollars, always taking into account the conversion factor.

Comparing the foreign currency value of that company’s stock with the pesos needed to purchase a number of cedars equivalent to one share, an implied exchange rate emerges. While this varies depending on which newspaper you choose to look at, the average of the busiest Cedears shows this Monday a dollar just above $ 288.

Dollar blue

It is the price that derives from the purchase-sale of the foreign currency in the parallel and unofficial market. It is not governed by any Central Bank regulation and, as it is carried out outside the legal circuit, there are no restrictions on its access. The account outstanding had a nominal peak last month of $ 350, but then started to decline. This Monday it is trading as low as $ 285 on sale.

soybean dollar

The government has promised to raise the dollar “slate” price to $ 200 for soybean producers during this month. In practice, since 33% of the withholdings are deducted from this price, the manufacturer who adheres to this measure receives a $ 130 dollar, which implies a 38% improvement on what was paid weeks ago.

crypto dollar

It is the price that arises from the cryptocurrency transaction whose value is linked to the dollar. It is the only list that operates 24 hours a day, seven days a week. They also became relevant during the race against the weight: until today, the price is lower than that of parallel dollars: in the Lemon wallet, for example, it is available at $ 268 and on the Binance Exchange, at $ 267.

Dollar protected

It is the exchange rate that arises from legal claims that importers present to obtain access to foreign currency that the Government – whether the Ministry of Commerce or the Central Bank – denies them through ordinary channels. To the value of the official wholesale dollar, we must add the cost of the expenses for the judicial process, which usually ranges from 5% to 20%.

The level of the rates depends on variables such as the amount of the claim, the frequency of the presentations and the time required for the process.

YN