in dialogue with Ambit, Gabriel Caamaño, economist at Consultora Ledesmadescribed the context in which the illegal dollar moved: “For several months I had been running after a very high nominal value, because the interest rate in pesos, the treasury rose and the BCRA through, were encouraging speculative positions in pesos In fact, we have seen the stock of private fixed-term deposits reach new real highs in the last few weeks.”
Whereupon, he warned, the blue dollar “would be starting to catch up with the rest of the nominal value” and, he added, “there was negative signs at the local level, on the one hand, with the debt swap, statements by the economic team, a BCRA that is issuing strong again to buy in secondary and continues to lose reserves and the treasury and the BCRA that do not want to continue raising the rateall this combo may have influenced the reduction of this process of going to the rate in pesos and that part of that flow begins to go back to the dollar”.
“That could explain, I would not speak yet of the disarmament of positions, if that the flow partially redirects”closed Caamano.
Price of the blue dollar in the year
After the recent rally, the informal dollar accumulates $100 so far this year after closing 2021 at $208. In percentage terms, the blue rose 48.1% in 2022, which places it more than 30 points below inflation which is around 80% in the annual accumulated. If the illegal dollar had followed inflation, the price of the blue should be at $374.
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 rose $2 in October (+0.7%) after falling in September, registering a decrease of $2 (-0.7%). Let us remember that in August it had yielded $6 (-2%).
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, Wednesday, November 16
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- it rose 69 cents to $279.84.
Price of the tourist dollar, Wednesday, November 16
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- rose 74 cents to $296.80.
Qatar dollar price, Wednesday, November 16
The new qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property TaxY a new perception of 25% on account of Personal Assets- it rose 84 cents to $339.20.
It is worth noting that this exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the wholesale dollar, Wednesday, November 16
The wholesale dollar, that directly regulates the BCRA, it advanced 35 cents to $162.47. The volume operated in the spot segment was US$259,087 million.
Price of the CCL dollar, Wednesday, November 16
The Dollar Cash with Settlement (CCL) rises $4.60 and touches $323.72, maximum in three and a half months, therefore, the gap with the official wholesale exchange rate reaches 96.1%.
MEP dollar price, Wednesday, November 16
For his part, he MEP dollar rises $5.37 to $308.38, its highest value since the end of July. Consequently, the spread with the official reaches 87.7%.
Price of the crypto dollar, Wednesday, November 16
The crypto dollar or Bitcoin dollar earn 4% and quote to $314.32, based on the average among local exchanges reported by Coinmonitor.
More news about the Blue Dollar and Dollar