How much is this Tuesday, May 7th?

He euro quote this Tuesday, May 7 at $947.06 for purchase and $947.59 for sale, so it remains stable compared to the last quote.

Regarding the currency in the parallel market, the euro blue today It is trading at 1093.76 for buying and 1126.09 for selling. In this way, its price rises in relation to the last reported one.

With these values, the gap between the blue euro and the official euro is 15%.

He blue euro value It has a substantially higher difference with the official euro since the latter is the one purchased in banks and has an established price.

Why is it called euro blue?

Like the blue dollar, the euro blue It is the one that circulates on the black market and usually has a higher value than the official one. An explanation of its name indicates that it is called that because in English, “blue”, in addition to naming the color blue, refers to something “dark”. In this way, the currency exchange is recognized outside the exchange system.

The term euro blue began to be used in 2011, as a result of the restrictions for the acquisition of foreign currency that the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Argentine Republic began to apply under the government of Cristina Fernández de Kirchner.

Are limitations They gained new momentum in December 2019, after President Alberto Fernández’s announcements about the Economic Emergency Law and which deepened throughout 2020 with the exchange rate restrictions. This causes sectors that travel abroad to opt for the purchase of euros in the black marketthus generating an increase in the price of the euro blue.

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The name of the parallel Euro

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 banknotes 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 World War II and as a logical extension of the European Union’s tariff free trade area. 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 zone, also called “eurozone” are: