blue dollar

While the government maintains an artificial exchange rate with the US dollar of around $367, the informal black market rate, also known more commonly as the Blue rate, jumped to $790 yesterday (September 29). Uncertainty, which is the perennial key word in Argentina as of late, largely drives the Blue rate which is considered to be the real rate of exchange.

Many experts predict a huge devaluation in December and a Blue rate of around $1200.

Fasten your seatbelts!

Edited 4th October 2023 to reflect out of control economy with the Blue dollar at $845.

Edited 6th October 2023, dollar at $885.

Edited 26th February 2024, dollar at $1080

Edited 4th April 2024, dollar at $1000.