The blue dollar is trading this Thursday, September 7 at $715 for purchase and $720 for sale in the City of Buenos Aires. The gap with the wholesale dollar is located at 105.68%. So far this week, it’s down $10.
Meanwhile, the official dollar (without taxes) operates at $347.50 for purchase and $365.50 for sale on the screens of the Banco de la Nación Argentina (BNA).
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The prices of the different alternatives to access the dollar in Argentina are the following:
Blue dollar: $720;Official dollar: $365.50;Solidarity dollar: $639.63;Card dollar: $639.63;Qatar dollar: $657.90;Wholesale dollar: $350.05;MEP dollar: $673.47;CCL dollar: $762.84; Crypto Dollar: $753.30.
The price of the blue dollar in the last 30 days
At the beginning of September, the blue dollar rose $5 and closed the first week of the month at $730.
The blue dollar closed August at $735 with a monthly advance of $185 from end to end. In the fourth week of the month, it increased by $5 and ended at $730.
Throughout the third week of August, the first after the primary elections, the blue dollar jumped $115 and ended at $720.
In the second week of August -the last one before the STEP- the blue dollar climbed $31 and closed at $605.
At the beginning of August, the blue dollar climbed $23 and closed the first week at $574, after having reached a peak of $577.
The price of the blue dollar in the last 12 months
The blue dollar surpassed the $700 barrier in August, became more expensive by $185 or 33.63%, from end to end, and ended at $735.
In July, the blue dollar had advanced monthly by $56 or 11.34%. It went from starting the month at $494 and then climbing to break the $500 barrier and blowing it wide to $550 on the last day.
Before, in June, the blue dollar rose $4 from end to end and ended at $494. In May, the blue dollar rose $21 compared to the previous month and ended at $490.
In April, the informal dollar had reached its nominal maximum on Tuesday the 25th, when it reached $497. Finally, it closed the month at $469 with an increase of $74 compared to the last day of the previous month. In March, the blue dollar reached $397, then a nominal maximum, and ended at $395, an increase of $20 compared to the last day of the previous month.
In February, the informal dollar ended at $375. Throughout the second month of the year, its value decreased by $6 or 1.05%. During January, blue increased $37 or 10.12%, and closed the first month of 2023 at $381.
In December 2022, the blue dollar increased $32 or 11%, and closed the year at $346. In the last week of 2022 it also reached a historical peak of $359, although the nominal closing maximum was $357, on December 28.
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The blue dollar closed November with a rise of $24, it ranged between $289 and $320, its maximum in four months for the close on Friday the 25th.
In October, the blue gained $2 from end to end, after moving between $277 in the first week and $292 in the third, when it operated with strong daily volatility. In that month, there was a lot of exchange rate volatility due to the implementation of the new import system (SIRA) and the Qatar dollar.
From end to end of September 2022, the blue lost $3, thanks to the temporary scheme to encourage the sale of soybeans by producers. During the ninth month, the blue ranged between $274 on Friday the 9th and $288 in the last week.
What is the blue dollar and why is it at record levels?
The blue dollar is the one that circulates in the informal or illegal market and usually has a higher value than the official one.
This dollar is not purchased in banks or official exchange houses. It is taken as a thermometer of the local economy, especially in times of exchange rate.
It marks the nervousness or calm of the financial market and of savers who seek to safeguard at least part of their income by exchanging pesos for foreign currency.