Dolar Blue: How to Track the Parallel Dollar Price and Exchange Rate Gap in Argentina

2023-07-10 03:21:42

He Dolar blue listed on Monday, July 10, at $487 for purchase and $492 for sale, according to the average between the price of Banco Nación and other private banks and financial entities.

The value of dollar in Banco Nación is the lowest in the market: $273.

This price positions it 219 pesos under the official dollarwhich rounds the $260 for purchase and $273 for sale.
Thus, the exchange rate gap between both prices is around 47 percent.

In Argentina, the Dolar blue or also known as black or parallel, historically trades above the official dollar monitored by the Government.
This concept gained strength starting in 2011 under the second presidency of Cristina Kirchner, who established the so-called “exchange stocks.”

There are two explanations for the origin of the term Dolar blue.
The first is that it arose from a play on words in English where said color refers to dark matters.
The other, closer to the reality of Argentina, is that to detect counterfeit bills, a fiber is passed to them: if it is transparent, it is true; if it remains blue or blue it is an imitation.

Meanwhile, the tourist dollar listed on Monday, July 10, at $477.75 for purchase.

He tourist dollar It is the one that Argentines use to make purchases in foreign currency with bank money.
Its price arises from the combination of the official dollar plus 30% and to this amount is added a surcharge of 45% advance payment of income tax.
Income Tax deductions corresponding to the 2022 fiscal period: in 2023, the return of the 45% withheld from expenses made in foreign currency by credit and debit card may be processed.

Dollar today: how much is it trading this Monday, July 10, 2023

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