Consequently, the gap with the official wholesale exchange rate it dropped to 77.1%.
Last week, the parallel dollar had accumulated a rise of $8, the highest since January, following 11 days in a row trading between $195 -the lowest since October- and $199.50.
The maximum price of the blue so far this year was seen at the end of January when it traded above $223, prior to the agreement with the International Monetary Fund (IMF).
Blue dollar price in April
In the fourth month of the year, the blue dollar accumulates a rise of $4 following ending March at $200.
The parallel dollar is coming off $11 last month, which represents its worst performance in 14 months.
You have to go back to January 2021 to find a more important monthly drop. In that month, the informal dollar showed a decline of $13 or 7.8%, going from $166 to $154.
Last February, the parallel dollar fell $6.50 (-3%), following rising $5 or 2.4% in January.
Blue dollar in the year
So far this year, the informal dollar registers a drop from $4 following the end of 2021 to $208.
During the past year, the blue dollar registered a rise of 25.3% ($42), half compared to the inflation of the period (50.9%). However, it is worth remembering that in 2020 it had shown a sharp jump of 111% (compared to 36% inflation).
What is the blue dollar?
The value of the blue dollar has a substantial difference with the official dollar, which is acquired in banks and has an established price. Its sale is in the informal market, without regulations or limits, and for this reason it is generally operated at a value greater than the official dollar.
Why is it called the blue dollar?
The origin of the blue dollar as a denomination for the operation of the banknote in the informal market is not clear. But there are theories.
An explanation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”.
Another theory relates it to purchase operations through bonds or shares of companies known as “blue chips.” They also link it to the approximate color that appears when a fibron is applied to detect counterfeit bills.
Price of the savings or tourist dollar
The savings dollar or solidarity dollar -retail plus tax- increased 26 cents to $198.48 on average.
More news regarding the Blue Dollar and the Dollar
Investments: is it time to bet on the blue dollar?
Given the rise in the official dollar: What can happen to the blue dollar?
Dollar following the agreement with the IMF: How much can the gap with the official fall?
