Indeed, the exchange gap between the parallel dollar and the wholesale exchange rate was located at 98.7%.
The new jump responds, according to operators, to the increased demand from savers for tourism, but also as a hedge, in a context of excess of liquidity in pesos that accentuates this trend. In turn, the offer is limited after the Central Bank enabled the MEP exchange rate for foreign tourists to settle.
consulted by Ambit on the sustained rise of the blue, the economist Frederick Glustein He considered that the parallel market “is small and they have shrunk it with the incorporation of the dollar for foreign tourists, so there are incentives for part of the funds that enter this way not to continue in the parallel. There is less and less supply , thus, when the demand grows or there are large operations, the blue skyrockets“.
For his part, Natalia Motyl, Economist and CEO of NM consulting, also added international variables that feed the appreciation of the illegal dollar: “The institutional crisis in Brazil and the depreciation of the real, The rise in interest rates at the beginning of December from the world’s main central banks has an impact on emerging currencies. By last, the threat of an economic slowdown in China and the USA for the second quarter of this year. All these factors come together to make investors hedge by demanding more foreign assets.”
Price of the blue dollar in the year
so far 2023the blue dollar accumulates a rise of $13 after closing 2022 at $346.
In 2022, the informal dollar advanced $138 (+66.4%) after closing 2021 at $208.
During 2021, 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 drop 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.
Qatar dollar price, Wednesday, January 11, 2023
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 climbs 16 cents and trades at $376.38.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Qatar dollar price, Wednesday, January 11, 2023
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 climbed 20 cents to finish at $376.42.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the tourist dollar or card dollar, Wednesday, January 11, 2023
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 18 cents to $329.37.
Savings dollar price, Wednesday, January 11, 2023
The dollar savings or solidarity dollar-which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- became 17 cents more expensive and culminated in $310.55.
Price of the wholesale dollar, Wednesday, January 11, 2023
The wholesale dollar, that directly regulates the BCRA, it appreciated 29 cents and sold for $180.67.
Price of the CCL dollar, Wednesday, January 11, 2023
The dollar Cash with Settlement (CCL) climbs $1.29 (+0.4%) and is offered at $333.31. So, the gap with the wholesaler is 84.5%.
MEP dollar price, Wednesday, January 11, 2023
In turn, the MEP dollar rises $1.22 (+81%) and trades at $327.09. The gap with the wholesaler reaches 80.7%.
More news about Dollar and Dollar blue
Source: Ambito
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