LongIslander
Well-known member
A bummer watching the blue dollar start to go down again.
Explore, connect, thrive in
the expat community
Expat Life: Local Discoveries, Global Connections
Banking What is going on with the Blue dollar? Why is it going down?
- Thread starter James Bond
- Start date
GraceHill
Member
I asked my local friends there that I met why this is happening and they said that many locals are just tapped out and selling their US dollars that they had saved to pay bills, etc. I am not sure if this is true or not but a few mentioned they are having to liquidate their savings in dollars and buy pesos to pay their bills which have all gone up now.
They said transportation has skyrocketed, healthcare, and also their monthly expenses and food too. My heart goes out to them.
Anyone know why the blue dollar is going down?
www.dolarito.ar
Dólar hoy, cotización del dólar, precio del dólar, dólar blue, precio histórico del dólar, valor del UVA | Dolarito.ar
Seguí la cotización del dólar minuto a minuto, compara cotizaciones, visualiza los valores históricos, conocé el precio del dólar, evolución del valor UVA
This is the explanation in today's La Nacion. Prices keep going higher.Anyone know why the blue dollar is going down?
Dólar hoy, cotización del dólar, precio del dólar, dólar blue, precio histórico del dólar, valor del UVA | Dolarito.ar
Seguí la cotización del dólar minuto a minuto, compara cotizaciones, visualiza los valores históricos, conocé el precio del dólar, evolución del valor UVA
James Bond
Well-known member
There are simply more people selling USD than buying them.
web.archive.org
En enero hubo más gente que vendió dólares de la que los compró
El dato está relacionado con las operaciones por la restringida plaza oficial y fue revelado hoy por el BCRA
web.archive.org
Yes many locals are dumping US dollars and buying pesos. Today the Blue dollar rate is less than the MEP rate for the first time that I have seen.There are simply more people selling USD than buying them.
En enero hubo más gente que vendió dólares de la que los compró
El dato está relacionado con las operaciones por la restringida plaza oficial y fue revelado hoy por el BCRA
I went to a cueva today and they didn't have any pesos. Then I went to another and they were also out of pesos as they said everyone has been buying pesos. Today was 1,000 and it will probably go below 1,000. Getting more expensive by the day for those of us that have USD.
I saw that too. It's back up slightly but interesting to see MEP is higher than Blue rate now.
Dólar hoy, cotización del dólar, precio del dólar, dólar blue, precio histórico del dólar, valor del UVA | Dolarito.ar
Seguí la cotización del dólar minuto a minuto, compara cotizaciones, visualiza los valores históricos, conocé el precio del dólar, evolución del valor UVA
Johnny
Well-known member
I was there in November 2023. You have to keep things in perspective. It was 1,000 pesos to $1USD when I was there and it looks like it's still that now. That seems like a great exchange rate to me. I found Buenos Aires extremely affordable compared to the USA and inflation looks like it is slowing down.
The exchange rate looks to be the same as in December. Looks like it has been jumping around. I read this article below and the long and short of it seems to be that no one knows!
Scottishgaucho
Well-known member
So the figures keep telling us. I can't say I've noticed.
GraceH
Well-known member
I agree! Feels more expensive everyday to me. This trend I am told could last a while.
Johnny
Well-known member
I'm sorry you're having to deal with that. To be fair I haven't been back there since November and I am only going by what I am reading online which may be far from reality. I hope all of you that live there have things go well for the next few months and beyond.
Scottishgaucho
Well-known member
Fortunately we're okay. It's the less well off I feel sorry for. I can't imagine how it is for them. Hopefully it'll all work out for the better for everyone in the end. I'm sure it will.
earlyretirement
Moderator
I totally agree with you @Scottishgaucho. Most of us expats will land on our feets just fine. I do feel sorry for the locals. This is extremely painful for them and the next few months will also be painful. Fixing Argentina definitely spelled a period of pain but hopefully Argentina is in a much better place by this time next year.
This was a great analysis of what is going on with the blue dollar. Spot on target as usual.
The Return of the Jaguar
Reasons for the Argentine peso gaining against the dollar and short-term outlook
www.bowtiedmara.io
Agreed! Where is that one guy who kept insisting that there was no inflation in USD terms?
I read that this morning.I totally agree with you @Scottishgaucho. Most of us expats will land on our feets just fine. I do feel sorry for the locals. This is extremely painful for them and the next few months will also be painful. Fixing Argentina definitely spelled a period of pain but hopefully Argentina is in a much better place by this time next year.
This was a great analysis of what is going on with the blue dollar. Spot on target as usual.
The Return of the Jaguar
Reasons for the Argentine peso gaining against the dollar and short-term outlook
For people earning in foreign currency, local prices have roughly 2x’d in dollar terms since December last year.
Jeb Spencer
Well-known member
Just painful!
Blue and MEP dollars fall below AR$1,000 - Buenos Aires Herald
The gap between the parallel and official exchange rates has narrowed, making Argentina more expensive in dollar terms
buenosairesherald.com
Avocado
Well-known member
At least all you foreigners earn in USD or other money. Locals making pesos are suffering most! You all can't complain!Just painful!
Blue and MEP dollars fall below AR$1,000 - Buenos Aires Herald
The gap between the parallel and official exchange rates has narrowed, making Argentina more expensive in dollar termsbuenosairesherald.com
Betsy Ross
Well-known member
I have learned something in coming to Buenos Aires for the past few decades. Never bet against the US dollar vs. the Argentine peso. The peso might have bouts of strength, but the USD always is better to keep vs. pesos.
Similar threads
Engage explore adapt in your expat community.
