Thus, in the last six days it has accumulated an increase of $17.50 (+9%), with which the gap with the wholesale exchange rate jumped to 85%, the highest level in a month and a half.
To find a more important nominal rise than this Tuesday, We must go back to November 11, 2020, when the informal dollar climbed $13, going from $149 to $162.
Last week, the parallel dollar had already accumulated an increase of $8, the highest since January, after 11 days in a row operating between $195 -minimum 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).
The rise in the informal dollar is in tune with the strong rebound that financial dollars have shown in recent days, as a result of several factors, according to specialists. “The uncertainty regarding the fulfillment of goals with the IMF, focusing on the primary deficit and the accumulation of reserves, are some of the causes that worry the market, as well as the news about new subsidies and the tax on unexpected profits” , commented Lucas Yatche, Head of Strategy and Investments at Liebre Capital.
Going forward, the analyst expects “the sentiment to remain in the CCL dollar regarding political and economic developments.” “Probably assuming the current gap, with a lot of volatility in between, the movements of the financial dollars present variations closer to those of the official exchange rate, unlike in recent months,” remarked.
Blue dollar price in April
In the fourth month of the year, the blue dollar rises $12.50 after 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%), after rising $5 or 2.4% in January.
Blue dollar in the year
so far this year, the informal dollar rises $4.50 after 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 taxes- rose 53 cents to $198.17 on average.
More news about 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 after the agreement with the IMF: How much can the gap with the official fall?
Source: Ambito
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