On February 20, the euro's official exchange rate in Argentina is stable at $1,684.29 for buying and $1,688.03 for selling, while the blue market rate is higher at $1,668.93 for buying and $1,692.43 for selling.
As of February 20, the euro is quoted at $1,684.29 for purchase and $1,688.03 for sale in the official market in Argentina, indicating stability compared to previous rates. In contrast, the blue market rate has increased slightly, with the euro blue trading at $1,668.93 for purchase and $1,692.43 for sale, which highlights a significant discrepancy between the two markets.
The gap between the blue euro and the official euro is currently at an extraordinary 99,005%, pointing to the ongoing economic challenges in Argentina. The official euro rate is fixed and available through banks, while the blue euro is part of the informal and often riskier currency exchange market, reflecting a higher value due to its limited availability and the country’s economic policies.
The term "euro blue" is comparable to the "dólar blue," which refers to dollars exchanged outside official channels. The name "blue" suggests something "dark" or illicit, emphasizing the unofficial nature of this exchange rate, which stands as a testament to Argentina's fluctuating economic landscape and high inflation rates affecting the national currency.
