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Blue dollar today: how much it closed this Friday, November 11, 2022

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Last week the illegal went up by drip. On Monday it grew $1, the same as on Tuesday and Wednesday, while on Thursday it remained stable and this Friday it rose $1.

What can happen to the blue dollar

Christian Buteler, financial analyst, in dialogue with Ámbito, opined that “the trend is upward. This stability that we are seeing is very difficult to sustain with inflation. With prices rising between 6 and 7% per month, plus issuance and stocks, the trend is clearly bullish. It may have a more or less strong but bullish speed”. “We should reach $300 before the end of the year without a doubt”he warned.

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For his part, the economist Federico Glustein, expanded that “apparently since that rise towards the end of September, the blue dollar remained below $295without tensions from macro policies, the new prices promoted so as not to devalue, the stocks or exchange restrictions or inflation close to 100%”.

In this regard, he indicated that “it is to be expected that the demand for blue will grow in the short term due to several factors: year-end bonuses and/or Christmas bonuses, outbound tourism and portfolio dollarizationalthough this effect could occur closer to the end of the month, already with these variables in action, initially placing it above $295 to exceed $300, near December“.

Price of the blue dollar in the year

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So far this year, the informal dollar advances $85 after closing 2021 at $208.

During the past year, the Dolar blue registered an increase 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 inflation of 36%).

It should be remembered that the informal dollar fell in September and accumulated two consecutive months of decline, registering a loss of $2 (-0.7%), after giving up $6 (-2%) in August.

In the seventh month of the year, the The parallel dollar had climbed $58 (+24.4%), which represents its biggest monthly advance of the year to date.

Previously, it had risen $31 (+15%) in June, after rising $6.50 (+3.2%) in May.

The parallel dollar rose 50 cents in April, and lost $11 in March, its worst performance in 14 months. Last February, it fell $6.50 (-3%), after rising $5 or 2.4% in January.

What is the blue dollar?

The value of Dolar blue it has a substantial difference with the official dollar, which is purchased 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 higher value than the official dollar.

Why is it called a blue dollar?

It is not clear the origin of Dolar blue as a name for the ticket operation in the informal market. But there are theories.

An explanation of its name indicates that it is called that way 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 fiber is applied to detect counterfeit bills.

Savings dollar price, Friday, November 11

The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- rose 45 cents to $276.82. in the week won 1.6% or $4.32.

Price of the tourist dollar, Friday, November 11

The tourist dollar or card -retailer plus COUNTRY Tax, and a perception of 45% deductible from Income Tax and Personal Property Tax for consumption with cards abroad of up to US$300 per month- it rose 47 cents to $293.60. For the week it was up 1.6% or $4.59.

Quotation of the Qatari dollar, Friday, November 11

The new qatar dollar -which includes 30% of the COUNTRY tax, a 45% deductible of Income and Personal Property Tax, and a new perception of 25% on account of Personal Assets- rose 54 cents to $335.54. In the week it advanced 1.6% or $5.24.

It is worth noting that this exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.

Wholesale dollar price, Friday, November 11

The wholesale dollar, that directly regulates the BCRA, it earned 31 cents to reach $160.70. The volume operated in the spot segment was US$164,353 million. In the week that has just ended, the wholesale exchange rate it rose $2.42, up from the $2.26 rise in the previous week.

Today’s holiday in the US had an impact on the level of local activity, which registered the lowest amount traded so far this month.

Price of the CCL dollar, Friday, November 11

The Dollar Cash with Settlement (CCL) it rises $1.11 and trades at $310.19. While the gap with the official wholesale exchange rate reaches 92.9%.

MEP dollar price, Friday, November 11

For his part, he MEP dollar rises $3.03 to $299.81. Consequently, the spread with the official reached 86.5%.

Crypto dollar price, Friday, November 11

The crypto dollar or Bitcoin dollar rises 1% to $305.24 based on the average among local exchanges reported by Coinmonitor.

More news about the Blue Dollar and Dollar

Source: Ambito

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