The informal dollar came from accumulating a decrease of $2.50 in the last two days, after trying a mini rebound between last Monday and Wednesday.
Let us remember that the informal dollar suffered a sharp drop of $10 on Friday, January 28, as a reaction to the announcement of the principle of agreement between Argentina and the International Monetary Fund (IMF) for the refinancing of a large debt in foreign currency.
In this framework, the gap with the wholesale exchange rate, which is regulated by the Central Bank, fell to 102.5%, the lowest level in the last three weeks.
The recent uncertainty over the agreement with the international organization had caused the dollar to shoot up in the alternative markets: the blue reached $223.50 on Thursday, January 27, its nominal historical maximum until now.
Beyond everything, the blue dollar has been trading above $210 for three consecutive weeks, since last January 18 it climbed from $209 to $211.
Blue dollar price in the month
So far in February, the blue dollar rises $1, after closing January at $213, the month in which it accumulated a rise of $5 or 2.4%. The last monthly increase was lower than inflation, which is estimated to be around 4%.
Last December, the parallel dollar advanced $6.50 (+3.2%), against monthly inflation of 3.8%, according to INDEC. Likewise, in the accumulated of 2021 it had 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%.
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- rose 15 cents to $183.91 on average, after posting its biggest rise of the year on Friday (74 cents).
More news about the Blue Dollar and the Dollar
After the agreement with the IMF: Is calm coming to the dollar?
The four signals that will determine the value of the dollar for the rest of the year
Source: Ambito
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