Argentina Blue Rate - The blue chip swap is a legal mechanism in argentina for reporting entities and individuals to hold and perhaps transfer us dollars. It is important to bear in mind that there are many restrictions to get dollars in argentina.
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The exchange rate at the end of each month is expressed in:
Argentina blue rate. The result of this was that the peso was devalued and the blue market for dollars shrunk. Argentine economy can got through very turbulent times. If you have 100 pesos, you can trade this for 11 usd on the black market, or 17 usd with the official exchange rate.
This black market exchange rate is known locally as the dólar blue. The securities regulator, known as the comisión nacional de valores (cnv), flagged a set of restrictions to local brokers that will reduce the amounts made on bond sales each. From january 1914 to december 1969:
To exchange dollars for the blue rate, a person must know or find an illegal money changer, known as an arbolito. The buy and sell of the bond creates an implied exchange rate. Argentina imposes new restrictions on parallel exchange rates.
The black market exchange rate for dollars in argentina at the beginning of october 2011, argentina saw the emergence of a black market exchange rate for u.s. Currently, the peso is trading at $12.90 to u$s 1, while the blue rate is about $13.90 to u$s 1. “informal” and “blue” dollar in argentina soars to 6.60 and 6.78.
This is a difference of about 8%, whereas it used to be more than a 40% difference. The blue rate represents a more reasonable value of the argentine peso compared to other currencies than the official rate quoted by the government. Exchanging money at the “blue” rate (translation:
The chart below shows the blue chip swap rate compared to the official rate. Often trading for half of what argentina's government indicates they are worth. The following table contains the monthly historical exchange rate of the different currencies of argentina, expressed in argentine currency units per united states dollar.
Many travelers who arrive there are mystified by a common argentine practice: The reason is that the difficulty for locals to acquire dollars through traditional means has fueled a secondary dollar exchange market. July 10, 2021, 6:31 pm pdt.
The importance of the dólar blue has become so. In the previous ‘blue dollar’ days, argentina had a reputation as a budget destination. The unofficial exchange rate, known as the “blue dollar rate”, is.
These clients are covering the fixed costs of their operations in argentina by using the blue chip swap, which allows funds to quickly, efficiently, and safely be transferred into argentina. As of june 10, the gap between the blue chip swap rate and the official rate is approaching 100%. Depending on how it’s doing at the time, the difference between the official dollar and the blue dollar can be up to 120%!
Argentina’s government prepared two different sets of measures on saturday aimed at limiting operations in the parallel exchange rate known as. Background on argentina’s blue dollar. Reporting entities in argentina, many of which are now us dollar functional, are becoming concerned that the official rate they are using to record transactions for their argentinian operations may not be (or likely is not) reflective of economic reality.
Therefore it is not possible to withdraw american dollars from an atm. In argentina the dollar you care about is blue. From january 1970 to may 1983:
Argentina imposes new restrictions on parallel exchange rates. On the black market), and paying up to 50 percent less for. That cash money must be brought from abroad.
I've been to a few counties where international currencies are highly regulated, but. This week it was 14.5 pesos to the dollar, compared with an official exchange rate of 9.9. Dólar blue is the cost of buying and selling us dollar in a cueva, or clandestine financial house in argentina.
On the black market, locals accept a much worse exchange rate in order to discard of their pesos;
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