Blue Dollar Today: How Much Is Trading on Monday, July 5 | Blue dollar today: how much is traded on Monday, July 5

Blue dollar and official dollar price

The blue dollar traded on the last business day at $ 165.00 for buying and $ 170.00 for selling, while the official dollar at $ 95.19 and $ 101.19, respectively, increased the gap between the official dollar and the blue dollar at 73.34%.

What is the blue dollar?

The Blue Dollar is the dollar obtained on the black market or parallel market. In Argentina euphemisms are used to refer to this dollar and it is also referred to as blue dollar, parallel dollar or black dollar. This dollar is not bought in banks or official exchange offices, but is sold in “caves” or sold by traditional “arbolitos” on the main streets of the city center. The price of the blue dollar is generally higher than the price of the official dollar, and the spread tends to widen as exchange controls increase or restrictions on the purchase of dollars at the official price increase. The blue dollar market is insignificant in amount relative to the rest of foreign exchange transactions. Fundamentally, it has an influence on the generation of social and economic expectations regarding a possible strong devaluation. It is a variable used to generate scenarios of political and financial instability.

Dollar counted with leaking cash or dollar

It stems from the dollar value that businesses and wholesale buyers are willing to pay through the operation known as “cash with settlement”. In this operation, shares of Argentine companies or government securities listed on the New York Stock Exchange are bought in pesos and sold on this market. So, they get dollar bills without official restrictions, overseas of course, at a much higher price than the official quote.