Current dollar blue value on Thursday, June 19th: what's the trading price?
Today's Blue Dollar Trade
It's June 19, and the blue dollar is trading at an impressive $1154.30 for purchase and $1190.00 for sale. This price puts it 0.83 percent above the official value, which currently stands at $1136.23 for purchase and $1180.19 for sale, according to the National Bank. The blue buck is holding solid, similar to the previous day's trade.
Over the last five trading days, the blue dollar has shown remarkable stability, with a fluctuation margin of less than 1 percent.
Figure 1: The blue dollar in action
Taking a closer look at the blue dollar's performance throughout the year, it's evident that the exchange rate in the parallel market has dropped by 3.31 percent, compared to the beginning of the year when it was quoted at $1230.00.
Dollar Card Quotation Today
Today, the dollar card stands at $1534.25. This value results from calculating the tax withholding advance on the official dollar, which is currently trading at $1136.23 for purchase (and $1180.19 for sale).
The dollar card serves as the exchange rate for payments made with debit and credit cards abroad, as well as for the purchase of foreign tickets and vacation packages unless the payment is settled in previously saved dollars.
Dollar for Savings Quotation
With the lifting of exchange rate restrictions, individuals can now buy dollars without the $200 limit that was in place previously. However, there is still a constraint on the purchase of physical dollar bills. If someone wishes to acquire physical dollars at the window, there is a monthly limit of $100. This restriction is in place to safeguard the formal economy.
Dollar MEP Quotation
The MEP (Electronic Payment Market) is a legal avenue to acquire currencies through the transaction of bonds priced in pesos (such as AL30). These same bonds are later converted into titles priced in dollars and sold in foreign currency. Today, the dollar MEP experienced a 0.87 percent increase, trading at $1177.26.
As exchange rate restrictions have been lifted, the MEP should see fewer individuals in the market.
Dollar CCL Quotation
The CCL dollar, or cash with settlement, is trading today at $1172.16, a stable rate compared to the previous session.
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For more updates on the blue dollar, check out our website Dollar Blue.
Insights: Behind the Blue Dollar Fluctuation
1. Government Regulations: The Argentine government imposes capital controls and restrictions on US dollar usage, driving demand for unofficial channels and thus the blue dollar rate.2. Inflation and Economic Instability: High inflation in Argentina weakens the peso, prompting people to seek US dollars as a secure store of value, causing blue dollar rate increases.3. Central Bank Interventions and Exchange Rate Policy: The Central Bank regulates liquidity by buying and selling dollars at predetermined rates, which affects the peso's stability and, in turn, the blue dollar.4. Deregulation and Policy Changes: New government measures could increase liquidity in the unofficial market, leading to shifts in the blue dollar rate.5. Market Confidence and Political Factors: Changes in public confidence in the peso and economic policies can impact the blue dollar rate.
Comparison Between Blue Dollar and Official Dollar Rates
The blue dollar is the unofficial rate for the US dollar against the Argentine peso, while the official rate is set by the government and central bank. The blue dollar rate is generally higher than the official rate but can fluctuate based on various factors, including government policies, market conditions, and public confidence.
Now you're all caught up on the blue dollar happenings! Stay informed with us at Dollar Blue.
Here are two sentences that contain the given words and follow from the given text:
- The banking-and-insurance sector might be interested in investing in the finance industry, as the blue dollar's performance could have significant implications for the economy, given its impact on exchange rates.
- Recently, news emerged about a major industry player making a strategic investment in the banking-and-insurance sector, citing the blue dollar's stability as a factor in their decision.
