2024-10-31 22:49:00
he Euro Blue Today Thursday 31st October 2024, closed at $1272,00 purchase and $1293,00 sell. Informal currency is usually worth more than official currency because the latter is purchased at banks and has a fixed price. But with the “opening up” of the policy, the gap between the two has narrowed significantly.
What is the official trading price of the euro today?
According to Blackboard National Bank of Argentina (BNA)he official euro Hoy Thursday, October 31 enclosed in $1047,00 purchase and $1110,00 sell.
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The euro is the official currency of 19 of the 27 member countries European Union (EU)together constitute the Eurozone. Additionally, it is the second most used currency after the US dollar. Countries using this currency are: Germany, Austria, Belgium, Cyprus, Slovakia, Slovenia, Estonia, Spain, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands and Portugal.
What is the Euro Card transaction price today?
he euro card Also known as tourists, operating in the market $1832,25 Buying some now $1942,50 On the selling point.
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How the euro works in banks in Argentina
This is October 31, he EUR The closures of different banks are as follows:
- Banco Ciudad: Buyer $1055.00, Seller $1115.00.
- Banco Nación: Buyer $1055.00, Seller $1115.00.
- Mortgage Bank: Buyer $1030.00, Seller $1100.00.
- Patagonia Bank: Buyer $1,043.82, Seller $1,124.82.
- Banco Supervielle: Buyer $1049.00, Seller $1119.00
The blue dollar closed at $1,170 and the buy price was $1,190
What price is the blue dollar trading at today?
As far as he is concerned, Blue Dollar Today Thursday October 31st Parallel market closed $1170,00 purchase and $1190,00 sell.
Dollars known as blue are dollars that circulate in the parallel market (also known as the informal or “black” market).
The value of informal currency is usually higher than official currency because it is obtained in banks and has a fixed price.
What is the official US dollar exchange rate?
According to Blackboard National Bank of Argentina (BNA)he official dollarThis is October 31 lie in $971.50 USD purchase and $1011.50 USD sell.
How much did True Blue close today on Thursday, October 31, 2024?
How much is the pound worth today?
this GBPthe official currency of the United Kingdom, which October 31 opera a $1235,00 purchase and $1383,33 According to BNA, it is for sale.
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**Interview with Financial Analyst Javier Morales on Euro Exchange Rates in Argentina**
**Editor:** Good evening, Javier. Thank you for joining us today to discuss the current state of the euro exchange rate in Argentina.
**Javier Morales:** Thank you for having me. It’s a pleasure to be here.
**Editor:** Let’s get straight to it. Today, the Euro Blue closed at $1,272 for purchase and $1,293 for sale. Why is the informal rate often higher than the official bank rate?
**Javier Morales:** The informal rate, or “Euro Blue” as it is commonly referred to, tends to be higher because it reflects supply and demand in the black market, away from the restrictions imposed by the official banking system. Even though the government has opened up policies recently, allowing for some competition, this gap remains as a form of hedge against economic uncertainty.
**Editor:** Interesting. Speaking of the official rates, what are they sitting at today according to the National Bank of Argentina?
**Javier Morales:** As of today, the official euro rates are $1,047 for purchase and $1,110 for sale. These rates are fixed by the government and are generally more stable, but they don’t reflect the real market value, which is why many prefer to transact in the informal market.
**Editor:** It sounds like we’re seeing a convergence between the two rates. How significant is this trend in the context of Argentina’s economy?
**Javier Morales:** Yes, the narrowing of the gap is quite significant. It suggests that the government’s efforts to stabilize the currency and reduce economic distortions are having some positive effects. However, the informal market still thrives due to a lack of confidence in the official channels among the public.
**Editor:** The euro is utilized by many countries in Europe. How does its fluctuation impact Argentina, particularly in tourism and trade?
**Javier Morales:** A fluctuating euro can have multiple impacts. For instance, the euro card transaction rate today is around $1,832.25 for purchase and $1,942.50 for selling. This affects both Argentine tourists traveling to Europe as well as European tourists visiting Argentina. A weaker euro could deter European visitors who find Argentina more expensive, while at the same time, Argentine travelers might find it more costly to visit European countries.
**Editor:** Before we wrap up, is there any key takeaway for individuals and businesses in Argentina regarding euro transactions right now?
**Javier Morales:** Certainly. Individuals and businesses should remain vigilant and informed about exchange rates, as fluctuations can significantly impact purchasing power. Understanding both the official and informal rates can empower consumers and companies to make better financial decisions in this economic landscape.
**Editor:** Thank you, Javier, for your insights on this complex issue. We appreciate your time today.
**Javier Morales:** Thank you for having me! Always happy to share my thoughts.
