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Blue dollar today: how much did it close on Tuesday, November 16 | Blue dollar today: how much it is trading at on Tuesday, November 16

Price of the blue dollar and the official dollar

Updated:
Purchase sale
Dolar blue $ 196.50 $ 200.50
Official dollar $ 99.92 $ 105.92

The value of the official dollar today reached $ 99.92 for the purchase and $ 105.92 for the sale, while the price of the blue dollar, $ 196.50 and $ 200.50, respectively. With these numbers, the variation placed the gap between the quotation of the official dollar and the blue dollar at 95.73%.

In relation to the previous business day, the blue continued with an upward trend, since the values ​​of that day were: $ 195.50 for the purchase and $ 199.50 for the sale.

What is the blue dollar?

Dollar Blue is denominated to the dollar that is obtained in the black market or parallel market. In Argentina euphemisms are used to refer to this dollar and it is called in addition to blue, parallel dollar or black dollar. This dollar is not bought in banks or official exchange houses, but is sold in “caves” or sold by the traditional “arbolitos” in the main streets of downtown. The price of the blue dollar is generally higher than the price of the official dollar and the gap tends to increase as exchange control increases or restrictions on the purchase of dollars at the official price are increased. The blue dollar market is insignificant in size compared to the rest of the foreign exchange operations. It has, fundamentally, influence in the generation of social and economic expectations about a possible strong devaluation. It is a variable used to generate scenarios of political and financial instability.

Dollar counted with liquid or dollar leak

It arises from the value of the dollar that companies and wholesale buyers are willing to pay through the operation known as “cash with settlement.” In this operation, shares of Argentine companies or public securities listed on the New York Stock Exchange are bought in pesos and sold in that market. Thus, they obtain dollar bills free of official restrictions, abroad of course, at a much higher price than the official quotation.

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HELEN HERNANDEZ

Helen Hernandez is our best writer. Helen writes about social news and celebrity gossip. She loves watching movies since childhood. Email: Helen@oicanadian.com Phone : +1 281-333-2229

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