Assessment of the exchange rate and improving wages measured in dollars is still advanced as a result of trips abroad. This trend is reflected, among other things, in the levels of consumption in foreign currency through maps that have been noted by new nominal maximums since 2003. At the same time, they expect demand in July with winter holidays.
At the end of June, the campaign of loans in foreign currency with cards again affected 700 million US dollars, similarly to what was observed in the previous months. Nevertheless, this is June with the highest indicators, so it exceeded the best nominal nominal nominal nominal nominal in 2017 (430 million US dollars) and 2018 (560 million US dollars), President Maurisio Makri.
“The growth of consumption in dollars with credit cards reacts to various factors. Not only for strong growth in broadcasting tourism, but also to restore consumption through the courier (May, they exceeded the amount of all 2024). In the coming months, the forecast is that it is supported, ”says an analyst consultant.
Pablo Lazzati, General Director of Insider Finance, states that so far this does not exist significantly affects the macro. In addition, he emphasizes that he should not worry about the demand that will be in July, taking into account more than 4000 million US dollars, which will be paid to the owners of the debt in dollars, to which the funds of wax accounts that will be released in the coming months are added.
“Restoration in dollars in dollars is given in context in which economic activity remains more firm than expected, and the exchange rate remains at relatively low levels in real terms, which contributes to consumption in foreign currency. The largest dollar expenses look like rational behavior against “cheap” prices in dollars (strong weight), ”adds the Maquiera affect, from sailing investments.
Maquierara claims that the key will be the dynamics of the real exchange rate, because, unlike other periods, today the exchange mode is flexible, which allows the possible external imbalance to adjust with the price without losing so many reserves of the central bank. This gives greater resistance to shocks and reduces the risk of sharp adjustment using controls.
“If external financing is supported, there should be no vile exchange correction.
