On Friday, February 13, the official exchange rate for the euro in Argentina is reported at $1,684.29 for buying and $1,688.03 for selling, indicating that it has remained stable compared to the previous rates. This consistency in the official prices provides some assurance to those engaging in transactions, particularly in a country notorious for its fluctuating currency values.

In contrast, the 'euro blue,' which refers to the currency's value in the parallel market, is quoted at significantly different rates, specifically $1,686.11 for buying and $1,709.86 for selling. This reflects an increase relative to the last report and highlights the growing divide between the parallel and official exchange rates. The current gap stands at a staggering 100,025%, emphasizing the ongoing challenges faced by the Argentine economy.

The term 'euro blue' is notable in Argentina as it mirrors the concept of the 'dollar blue'—a term used for the unofficial dollar market. The blue euro is typically traded at a higher rate than its official counterpart, mainly due to the limited availability and stricter regulations surrounding currency acquisition in banks. The nomenclature derives from the word 'blue' in English, which not only refers to the color but also suggests a nefarious or clandestine element, capturing the essence of currency trading outside the established financial system.