The official dollar quote this Wednesday February 1st at $186.12 for purchase and $194.93 for sale in the banking entities.
As for the Dolar blue, this day is trading at $377.00 to buy and $381.00 to sell. Therefore, it marks a gap of 103% against the official dollar. The blue dollar value it has a substantial difference with the official dollar, which can be purchased in banks and has a set price.
On the other hand, the tourist dollar (also known as solidarity dollar) is trading at $358.00. This value is what is used when buying dollars to save or carrying out operations abroad and arises from the sum of 30% of the value of the official dollar of the day.
Another exchange rate is the dollar wholesalerstarting the day at $377 to buy and $381 to sell.
In relation to contacted with liquid (CCL), the reference price is $368.55. The CCL is the operation that allows companies to purchase Argentine paper on the local market and resell it abroad to transfer foreign currency for “hoarding”.
How many kinds of dollars are there in Argentina
Today in Argentina there are at least six different types of prices for US currency, some more widely used than others.
Savings/Card Dollar or Tourist/Support Dollar: has a 30% increase provided for by the Government on purchases made with a card in foreign currency and on the purchase of foreign currency for treasury purposes within the official circuit.
Dolar blue: It is the ticket that is sold in the informal market, through caves or “trees” on the street.
Counted on Liqui: It is a legal operation to obtain dollars abroad. It has become the preferred route of companies. Argentine stocks or shares are bought in pesos and then sold abroad in dollars.
Official or retail dollar: is the price that individuals can access but always within the limit of US$200 established by the shares.
wholesale dollar: It is the one used for foreign trade, the payment of debts in dollars and dividends. In theory, it is what affects the pricing of imported products.
Dollar for industry and services: as a result of withholdings, exporters of manufactured goods and services effectively receive a dollar at a value lower than the official one, and much lower than the blue one. Within this category there are different values for meat and dairy exporters, for wheat, corn and sunflower, and for soybeans.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.