Price of the blue dollar and the official dollar
| Purchase | sale | |
|---|---|---|
| blue dollar | $204,00 | $208,00 |
| Official dollar | $102,86 | $108,86 |
The blue dollar it closed its price this day 99.08% above the official dollar. It was trading at $ 208.00 to buy and $ 204.00 to sell. The value of the foreign currency in the official market was $ 102.86 and $ 108.86.
Compared to the previous business day, the blue registered a downward trend: where it traded at $ 204.50 for the purchase and $ 208.50 for the sale.
What is the blue dollar?
The Blue Dollar is denominated to the dollar that is obtained in the black market or parallel market. In Argentina euphemisms are used to refer to this dollar and it is called in addition to blue, parallel dollar or black dollar. This dollar is not bought in banks or official exchange houses, but is sold in “caves” or sold by the traditional “arbolitos” in the main streets of downtown. The price of the blue dollar is generally higher than the price of the official dollar and the gap tends to increase as exchange controls increase or the restrictions on the purchase of dollars at the official price are increased. The blue dollar market is insignificant in size compared to the rest of the foreign exchange operations. It has, fundamentally, influence in the generation of social and economic expectations regarding a possible strong devaluation. It is a variable used to generate scenarios of political and financial instability.
Dollar counted with liquid or dollar leak
It arises from the value of the dollar that companies and wholesale buyers are willing to pay through the operation known as “cash with settlement.” In this operation, shares of Argentine companies or public securities listed on the New York Stock Exchange are bought in pesos and sold on that market. Thus, they obtain dollar bills free of official restrictions, abroad of course, at a much higher price than the official quotation.
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