Euro today and euro blue: find out the official and parallel price of the European currency
Ang euro quote it Thursday May 12 at $ 120.50 for purchase and $ 127.50 for sale, so it remains stable compared to the final price.
Regarding money in the parallel market, the euro blue now it is listed at $ 228.00 for purchase and $ 232.00 for sale. In this way, its price increased relative to the last reported.
Of these values, the gap between the blue euro and the official euro is 89%.
Ang value of euro blue It has a higher difference to the official euro because the latter is obtained in banks and has an established price.
How the price of the euro turned blue and its evolution in May 2022
Why is it called euro blue?
Like the blue dollar, the blue euro It revolves around the black market and usually has a higher value than the official. An explanation of its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark”. In this way, currency exchange is recognized outside the exchange system.
The term euro blue came into use in 2011, as a result of restrictions for the extraction of foreign currency that began to be applied by the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Republic of Argentina under the government of Cristina Fernández de Kirchner.
Ay limitations They gained new impetus in December 2019, after President Alberto Fernández’s announcements about the Economic Emergency Law, which deepened throughout 2020 using the exchange rate clamp. It consists that sectors traveling abroad have decided to buy euros in black marketthus causing an increase in the price of the euro blue.
Origin of the Euro
The euro was launched on January 1, 1999, when 10 countries set their exchange rates and submitted interest rate decisions to the newly created European Central Bank. Euro notes and coins entered circulation three years later.
The shared currency was seen as a solution to the ongoing exchange rate dispute that marked politics in Europe after World War II and as a logical extension of the European Union’s tariff -free trade zone. Britain, in particular, opted out, but 19 of the 27 EU countries use the euro as their national currency. The constituents of the euro area, also called the “eurozone” are:
- Austria
- Belgium
- Cyprus
- Estonia
- Finland
- France
- Germany
- Greece
- Ireland
- Italy
- latvia
- Lithuania
- Luxembourg
- malt
- countries
- Low
- Portugal
- Slovakia
- Slovenia
- Spain
Source: Clarin
