The financial specialist, Hernan Schvrazspoke to Canal E and addressed the question of what to do with pesos in Argentina given a stable dollar and a recent drop in interest rates.
Hernán Schvraz described the current market scenario: “As we know, There was a price dropFrom this point on, he explained which alternatives today are yielding a little more than the shorter instruments: “What we are seeing from the market here is that what is clearly yielding a return is a little better than guarantees and is getting out of these products on a daily basis, It’s a little longer over there, up to the curve“.
The new exchange rate system offers greater predictability
He also emphasized that the new system offers predictability. “It is true that there was a tariff reduction and Stability is appreciated in this new scheme“, he explained. Regarding the general climate, he said: “I would say that.” It’s a quiet momentWhat can wait a little longer“.
However, Schvraz warned that there are important variables to monitor: “We would have to be careful to the international frameworkIn this context, he recalled recent history: “After the Christmas rally, the first weeks of January, Usually there is news. We remember 2018, 2022, War News“.
The concern about reserves and bond payments
One of the central points was the external front. “The crucial point that needs to be observed and considered is to strengthen reserves We are facing the payment of the government bonds, which we now have on January 9th,” he said.
The respondent, in turn, specified the financial challenge: “Look at how big the a priori existing gap would be, ie about what would be missing to reach that $4.3 billion to deal with the due dates we have.”
Regarding stocks, he said: “We had a pretty important flight in the last few weeks after the elections in the Argentine market.” In this sense, he expressed: “The truth is that I am for the Argentine market I wouldn’t go“.
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