In just three days, the informal dollar had accumulated a jump of $16, in tune with the strong rises that financial dollars showed in recent days, after the turbulence after the settlement of the debt in pesos that adjusts for inflation, and in the face of greater risk aversion in the world, in the face of fears of a recession In U.S.A.
With everythingthe exchange gap between the blue dollar and the official wholesale dollar fell to 76.9%, from its highest level since late April.
After the ups and downs, the Informal dollar still maintains a gap against financial dollarswhich closed this Wednesday at $231 in the case of the MEP, and almost $239 in the case of the CCL.
In the market, they say that the blue dollar had not risen in recent days due to greater demand, in fact, the parallel circuit today has more sellers than buyers.
“The blue dollar today has the offer of those who buy in the official market, and that of receptive tourism. When the price goes up, it does so after the financial dollars have increased, which are the benchmarks of the market”, commented to Ambit the financial analyst Christian Butler.
In such a scenario, it was difficult for the market this Wednesday to sustain nominal record prices due to the greater supply in the face of limited demand. “The necessary pesos to validate values such as $224 did not appear,” Bueteler summed up.
Blue dollar price in June
So far in June, the blue dollar is up $10, which represents its biggest monthly advance in the year, after ending May at $207.
Let us remember that last month, the informal dollar rose $6.50 or 3.2%, although it was below inflation (a floor of 5% is estimated), and the increase in the official exchange rate (+4.2% ).
The parallel dollar rose 50 cents in April, and dropped $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.
Blue dollar in the year
So far this year, the informal dollar has advanced $9, after closing 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 68 cents to $211.55 on average.
More news about the Blue Dollar and the Dollar
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The measure requested by Juan Carlos De Pablo to lower the blue dollar to 20 cents
Source: Ambito
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