On Monday the blue remained stable but on Tuesday it shot up $5, and this day it rose with another $2. The previous week, the blue accumulated a rise of $8 (+1.9%).
The causes of the rise of the blue dollar
Since EcoGothe Economist Juan Delich points out that “the lower dollar offer blue in January tends to be a specific seasonal issue, but it is usually offset by a stronger initial demand for pesos due to vacations in the country.” However, that seems to be reversing earlier than usual this year, as that second trend tends to abate in Februarywhich is always a month of uptrend stronger for him Dolar blue.
Consequently, as explained by the economist from Epyca Consultores, Joel Lupieri, “clearly there is a seasonal component that is reinforced with the change of fortnight, but he considers that to this is added the fact that the debt repurchase and increase measures of the bank pass rates, which were announced last week, have probably lost some of their initial impact on peso depreciation expectations” and that prompts the search for some coverage.
Likewise, the economist expert in capital markets Christian Buteler points out that the dollar card became more expensive for Argentines who travel abroad, so many go to the blue in search of a better price. And there is less offer from foreigners who visit the country in the blue, who are beginning to use the cards more because it is convenient for them as a result of the provision that allows plastic issuers to apply the MEP exchange rate to these consumptions .
The director of the consulting firm Analytica, Claudio Caprarulo, adds one last condiment also related to the issue: greater pressure on financial dollars, although he warns that “this is fueled by the drought and one less liquidation of exports, which usually occurs in January, February and March. These elements worsen the prospects for the entry of dollars into the country.
He mentions, on the other hand, that there was also a delay in the price of financiers and the Dolar blue that comes from last year, which could be generating a “recovery” effect at this time. However, he clarifies that, from Analytica “we do not see that the increase in the blue or the parallels is related to an expectation of a shock devaluation.”
Price of the blue dollar in the year
so far 2023the blue dollar accumulate a raise of $37 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 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.
Qatar dollar price, Thursday, January 26
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 appreciated 32 cents and traded at $384.52 this Wednesday.
This exchange rate applies to Consumption abroad with debit and credit cards over US$300 per month.
Price of the tourist dollar or card dollar, Thursday, January 26
The tourist dollar or retail card plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property to consumption with cards abroad up to u$s300 per month- rose 28 cents and culminated in $336.46 on the last banking day.
Savings dollar price, Thursday, January 26
The dollar savings or solidarity dollar -which includes 30% of the tax COUNTRY and 35% deductible from Income Tax and Personal Assets- increased 26 cents and traded at $317.23.
Price of the wholesale dollar, Thursday, January 26
The wholesale dollar, that directly regulates the BCRA, it became more expensive slightly and ended at $185.03.
Price of the CCL dollar, Thursday, January 26
The dollar CCL -negotiated with Global 2030 or GD30- it rises 53 cents and operates at $363.21, with which the gap with the official exchange rate scales to 96.3%.
MEP dollar price, Thursday, January 26
Thedollar MEP -operated with the Global 2030 or GD30- increases $2.45 to $354.33, therefore, the spread with the official wholesale price is 91.5%.
The blue dollar climbed $2 to $383 for saleafter shoot up this Tuesday and reach a new nominal record, according to the survey of Scope in caves of the Buenos aires city. The gap with the wholesaler reached 107%, its highest level in a week.
Price of the crypto dollar, Thursday, January 26
The Crypto dollar or Bitcoin dollar up 0.4% and was quoted at $367.96based on the average among local exchanges reported by Coinmonitor.
More notes on Dollar and Dollar blue
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