How much did the dollar close this Wednesday

Quote of the blue dollar and the official dollar

Updated:
Purchase sale
Dolar blue $283.00 $287.00
official dollar $143.56 $151.56

The official value of the dollar today is $143.56 for purchase and $151.56 for sale, while the price of the blue dollar is $283.00 and $287.00, respectively. With these numbers, the variation places the gap between the official dollar and the blue dollar at 97.13%.

Compared to the previous business day, blue remains with a stable trend: it registered $283.00 for purchase and $287.00 for sale.

What is the blue dollar?

The Blue Dollar is the dollar that is obtained on the black market or parallel market. In Argentina euphemisms are used to refer to this dollar and it is also called blue, parallel dollar or black dollar. This dollar is not bought in banks or official exchange houses, but is marketed in “caves” or sold by the traditional “little trees” on 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 restrictions on the purchase of dollars at the official price increase. The blue dollar market is insignificant in amount compared to the rest of the currency operations. It has, fundamentally, an influence on the generation of social and economic expectations about a possible strong devaluation. It is a variable used to generate political and financial instability scenarios.

Dollar counted with liquid or leaking dollar

It arises from the value of the dollar that companies and wholesale buyers are willing to pay through the operation known as “cash with liquidation”. 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 price.

Source: Pagina12

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Varun Kumar

Varun Kumar is a freelance writer working on news website. He contributes to Our Blog and more. Wise also works in higher ed sustainability and previously in stream restoration. He loves running, trees and hanging out with her family.

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