What is the Argentine blue rate?

This informal exchange rate is known as the Argentine blue rate or the dólar blue (never referred to as the dólar azul ). Check the current blue rate here: dolarblue.net. The blue rate represents a more reasonable value of the Argentine peso compared to other currencies than the official rate quoted by the government.

How much does a blue dollar cost?

But many tourists don’t realize that the official exchange rate only tells half of the story. A separate, informal (yet very legitimate) exchange rate known as the blue dollar exists. Using the blue dollar, at current rates, one dollar can equal approximately 480 pesos, nearly double the official rate.

What is a blue dollar in Buenos Aires?

Blue Dollar, Dólar Blue, Informal Dollar, Unofficial Dollar, Parallel Dollar Blue Dollar AKA Dólar Blue or Unofficial Dollar is parallel dollar rate of USD in Argentina. This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires.

What is the difference between official rate and blue dollar rate?

For a while, the official rate has hovered from around half to 60% of the black market rate. Now the official rate is not even 45% of the black/blue market rate. The breach between the official rate and the blue dollar rate fluctuates daily, but the tendency is that the gap between the two grows as the government increases currency controls.