Euro blue price today: what is the price on Thursday, January 6, 2022

The euro blue is trading this Thursday, January 6, 2022 at $229.37 for purchase and $233.91 for sale in caves in downtown Buenos Aires. In the official market, the value of the euro in Argentina is $113.75 for purchase and $121.39 for the point of sale. This figure reflects that the official currency is offered with a rising price in relation to the last days. According to information published by the Central Bank, until mid-April the euro remained stable with a variation of less than 1 percent. But in the following months the rise accelerated and then fell back, along with the blue dollar. With these values, the gap between the euro blue in Argentina and the official euro is approximately 90%. According to the usual survey carried out by the Central Bank among the main financial entities that operate in the City, these were the official retail euro sales prices:

• ICBC: $120.70
• Nation: $120.50
• Itaú: $121.30
• Santander: $119.50

City: $120.50

Macro: $125

The value of the euro blue has a substantially higher difference with the official euro because the latter is the one that is acquired in banks and has an established price.

What is the reason why call it euro blue?

Just like the dollar blue, the euro blue is the one that circulates in the parallel market and usually has a higher value than the official one. One of the reasons for its name indicates that it is so called because in English, “blue”, in addition to naming the color blue, refers to something “dark” . This is how the currency exchange is recognized outside the exchange system. The term euro blue began to be used as of 2011, as a consequence of the restrictions for the acquisition of foreign currency that began to be applied by the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Argentine Republic under the government of Cristina Kirchner. These these obstacles, known as “exchange trap“, were re-imposed during the end of Mauricio Macri’s presidency and gained further momentum in December 2019, after the announcements of President Alberto Fernández on the Economic Emergency Law and that were deepened throughout 2020 with the exchange rate. This causes the sectors that travel abroad to opt for the purchase of euros on the black market, thus generating an increase in the price of the euro blue.

The term euro blue began to be used from 2011, due to the imposition of the exchange rate

This is the origin of the Euro

The euro was launched on January 1, 1999, when 10 countries fixed their exchange rates and handed over 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 constant disputes over exchange rates that had marked European politics after the Second World War and as a logical extension of the tariff-free trade zone of the European Union. Britain, in particular, opted out, but 19 of the 27 EU countries use the euro as their national currency. Those who make up the euro area, also called “eurozone” are:

• Austria
• Belgium
• Cyprus
• Estonia
• Finland
• France
• Germany
• Greece
• Ireland
• Italy
• Latvia
• Lithuania

Luxembourg

• Malta
• Netherlands
• Portugal
• Slovakia
• Slovenia
• Spain

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