Consequently, the gap between the blue dollar and the official wholesale exchange rate widened to 74.6%.
The maximum price of the informal dollar so far this year was seen at the end of January when it traded above $223, prior to the announcement of an agreement with the International Monetary Fund (IMF) for the refinancing of the debt.
Blue dollar price in May
In the fifth month of the year, the blue dollar rises $7.50 after ending April at $200.50.
The parallel dollar came from rising just 50 cents last month, and down $11 in March, which represented its worst performance in 14 months.
Last February, the informal 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 shows no changes after ending 2021 at $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 20 cents to $205.34 on average.
More news about the Blue Dollar and the Dollar
Investments: how to hedge against the jump in inflation and the rise in rates?
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Inflation and interest rates: how to plan your investments?
Source: Ambito
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