The informal dollar exchange rate, popularly known as the “blue dollar,” surpassed the AR$500 mark for the first time in history today. The exchange rate, which started the week at AR$492, closed on Wednesday at AR$503 per dollar. Other parallel exchange rates MEP dollar and blue-chip swap rate reached AR$488.65 and AR$501.46 respectively. The official exchange rate is AR$276.89. Today, the gap between the blue and the official dollar is just over 90%, at 90.49%.

Source: Bueno Aires Herald July 13, 2023 00:57 UTC