How to make a profit with the worst currency in the world

Make money with the argentine peso This required nerves of steel, great timing and a lot of confidence. The peso fell more than any other pair in an expanded group of major currencies this year amidst a persistent inflation, a weak economic activity and a double deficit. However, high rates d & # 39; interests They provide a good cushion for operators willing to take the risk.

The Argentine economic crisis according to the eyes of the newspaper El País of Spain

Since the Central Bank began raising rates with a mbadive increase in late August, operators have believed in the ability of policymakers to boost confidence and maintain market functionality. they realized profits of 15%. The peso sank about 13% during this period.

It depends on when you participate. Operators who waited this year only gained 0.3%, the second-worst gain among Latin American currencies.

Despite weak returns this year, recent Central Bank announcements may have changed the outlook for Argentine peso operators. By stating that he would not buy dollars if the currency appreciated beyond the lower limit of the non-intervention zone, it now stands at 39.75 for a US dollar. , the officials have significantly reduced the risk of rapid amortization, which could have left out.

Inflation in March was 4.7% and the biggest impact was on food

Retailers also had sales of about US $ 9.5 million worth of treasury dollars through November, as well as potential entries related to the harvest season. The government's decision to freeze the prices of certain goods and services, which has not been able to stop inflation in the recent history of Latin America, could at least avoid higher numbers of short-term CPIs, paving the way for investors to make money.

The biggest risk for operators is the presidential election in October. With the questionable re-election of Mauricio Macri, volatility can increase and erode potential returns.