In a single day, the dollar has "destroyed" the performance of a fixed term in November

After what happened yesterday with the dollar price, some savers who bet on the US dollar opened happy accounts and in a single day, the profitability of the increase exceeded that with a fixed maturity in November.

During the period of tranquility that has known the dollar in recent weeks, Several people have thought and opted for fixed terms with rates in banks of about 50%. However, on Monday, those who had good news were those who bet on the dollar.

The price of the US currency rose 3.98% early in the week and the peso depreciated in the same proportion, so that in a single day, profitability exceeded that of fixed maturities. , which allowed an average performance in November of 3.46%.

But if we take into account the rises that the dollar has seen over the past week, we've talked about an 8.42% increase over the month, while fixed duration has had a yield of almost five points below.

Therefore, many people who have the opportunity to save money in times of crisis continue to bet on currencies and not on savings in national currency, as is the case with fixed terms.

However, according to central bank figures, the boom in fixed-income securities is continuing because, in the long run since October, this type of savings had better returns than the dollar. For example, if someone entered a specified period in early October and renewed in November, he gained 6.6% in pesos. During this period, the value of the US currency fell by 4.7%.

Argentina does not stop saving in dollars, although the purchase has declined in recent months. It remains to be seen what will happen to the foreign currency and how it will affect the behavior of savers.

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