The blue dollar starts this Tuesday, July 19, at $286 for purchase and $291 for sale in the City of Buenos Aires. This Monday it fell $2 and registered a decline after stringing together several historical highs. It accumulated a weekly rise of 20 pesos amid economic uncertainty and after the government’s decision to increase the surcharge on the tourist dollar.
Thus, the gap with the wholesale dollar stands at 124.18%.
The blue dollar is trading about $60 above the solidarity or savings dollar (official plus taxes that make it more expensive by 65%), which operates at $223.16 for sale at Banco Nación (BNA).
Meanwhile, the tourist dollar is more expensive since Thursday, July 14, since the AFIP raised the perception of Profits to 45%. Thus, whoever spends abroad has an official dollar plus a surcharge of 75%, added to the PAIS tax), which today is quoted at $236.68.
Meanwhile, the official dollar (without taxes) rose 25 cents this Monday and operates at $127.25 for purchase and $135.25 for sale on the screens of the Banco de la Nación Argentina (BNA). In the previous week, it added $1.75, after the 3-peso increase in the first week of July.
Dollar today: how much are the official, the blue, the wholesaler, the MEP, the CCL and the Crypto trading this Monday, July 18
This Tuesday, July 19, the prices of the different alternatives to access dollars in Argentina were the following:
- Dollar blue: $291;
- Official dollar : $135.25;
- Solidarity dollar : $236.25;
- Tourist dollar or card: $236.68;
- Wholesale dollar : $128.91;
- MEP Dollar : $294.29;
- CCL dollar : $303.92;
- Crypto Dollar: $304.70.
The price of the blue dollar in the last 30 days
On Friday the 15th, the blue dollar rose again and set a new nominal closing record of $293 , amid the strong volatility recorded since the resignation of Martín Guzmán and his replacement by Silvina Batakis. Thus, it accumulates a rise of $54 so far in July.
During June, the blue showed swings in the first leg and went from a low of $205 to a peak of $239.
The upward pressure began on Tuesday June 14 when the blue had reached $224 and at that time reached an all-time high in nominal terms, then fell back, on Friday the 24th it set a new record: $226 and on Monday the 27th it set its previous all-time high.
It closed the sixth month of 2022 at $238 for sale, a decline that reversed at the start of July.
The price of the blue dollar in the last 12 months
Before the record reached in June, in May 2022, the price of the blue dollar added $6.50 and touched a peak of $208 -the same level at which it had closed 2021-. Then it fell back and ended the month at $207.
From end to end of April, the blue dollar rose just 50 cents (0.25%). However, it marked lows of $195 and highs of $212.50 in a month characterized by exchange rate volatility.
In March, the price was down $11, after gaining $2 in February and $5 in January 2022.
Previous highs had been seen in late January 2022, when the parallel note briefly traded above $223. After the announcement of the understanding with the IMF, the price had begun to decompress, a trend that was reversed towards May.
The last six months of 2021, meanwhile, were dominated by currency volatility amid November’s primary and legislative elections.
In July 2021, it had broken through a ceiling of $170, while in August, the price of the blue remained relatively calm and moved between $178 and $183. In the days before the legislative PASO elections on September 12, the price climbed again and reached $186.50. It remained around that value until the first weeks of October.
Towards the end of October 2021, the blue dollar again touched its maximum face value of $195, and days before the November elections it marked $207. During the first weeks of December, the price spiked to $195.50. However, it picked up momentum over the end of the year and closed at $208.
What is the gap today between the blue dollar and the official dollar
The gap between the blue dollar and the wholesale dollar stands at 125.74%. The wholesale or commercial exchange rate starts at $128.91.
This is the value of the segment that commands the Central Bank (BCRA) and that intervenes in the demand for dollars from companies and individuals and the offer for the liquidation of foreign exchange from grain and oilseed exporters.
The day before, the BCRA made its first purchase of the month, for some US$80 million, after a week of uncertainty in which it had to sell more than US$760 million to contain the dollar.
June ended positively for reserves, after four days of purchases for almost US$1.5 billion, boosted by the tourniquet on imports, which allowed the monetary authority to consider the quarterly reserve accumulation target agreed upon with the IMF as fulfilled.
What is the blue dollar and why is it at record levels
The blue dollar is the one that circulates in the informal, illegal market, it usually has a higher value than the official one.
This dollar is not bought in banks or official exchange houses. It is taken as a thermometer of the local economy.
It marks the nervousness or calm of the financial market and savers who seek to safeguard at least part of their income by exchanging pesos for foreign currency.