Using the “blue-chip swap,” residents can receive USD in an off-shore account. The exchange rates in both markets have weakened significantly over the past two 

Following the latest restrictions by Argentina's government on the purchase of foreign currency, there has been a rush to exit the local market through a smaller door: the blue-chip swap foreign exchange market (contado con liquidación or contado con liqui).Locals were familiar with these transactions in 2002. Quick post since I've been approached multiple times in the last few weeks about the calculation of the Blue Chip Swap Rate (BCS), a popular unofficial measure of the market-driven price of ARSUSD (NDFs settle against the official ARSUSD cross, which is tightly controlled by the central bank). exchanges–and the blue chip swap rate–the implied rate derived when businesses were buying dollar-denominated bonds or shares in pesos and then selling them on international stock exchanges for dollars. Argentines could purchase US dollars onshore at the blue rate and receive dollars in an offshore account at the blue chip swap rate. Maybe I'm wrong here, but isn't the blue chip swap a way to get rid of pesos and instead get US$ in an account in a foreign country? So this would mean it's not a way to get US$ in the country (if you don't plan to withdraw it from the foreign bank account and bring it back in cash), but more a way to a) safe you assets from the local inflation and B) make a profit as long as the local Blue Dollar AKA Dolar Blue or unofficial dollar is parallel dollar rate of USD in Argentina. This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. The Argentine Peso is the currency of Argentina. Our currency rankings show that the most popular Argentina Peso exchange rate is the USD to ARS rate. The currency code for Pesos is ARS, and the currency symbol is $. Below, you'll find Argentine Peso rates and a currency converter.

rates in a standard size financial transaction for same-day settlement in the Buenos Aires marketplace. It is widely accepted and published that the conventional market rate known as the “Blue Chip Swap Rate” more accurately reflects the price at which foreign exchange is being transacted in standard size transactions in Buenos Aires.

This informal exchange rate is known as the Argentine blue rate or the dólar blue (never referred to as the dólar azul). Check the current blue rate here: dolarblue.net. The blue rate represents a more reasonable value of the Argentine peso compared to other currencies than the official rate quoted by the government. Blue Chip Swap: When a domestic investor purchases a foreign asset and then transfers that asset to a domestic bank branch located offshore. Then, the funds from the foreign asset are transfered Blue Dollar AKA Dolar Blue or unofficial dollar is parallel dollar rate of USD in Argentina. This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires. Blue Rate. The dollar blue is dead! Long live the dollar blue! UPDATE (12/17/15): Fulfilling one of his campaign promises, the new Argentine government lead by Mauricio Macri removed the restrictions on buying and selling dollars and allowed the peso rate to float – that is it’s price is set by the market, not artificially inflated.The result of this was that the peso was devalued and the rates in a standard size financial transaction for same-day settlement in the Buenos Aires marketplace. It is widely accepted and published that the conventional market rate known as the “Blue Chip Swap Rate” more accurately reflects the price at which foreign exchange is being transacted in standard size transactions in Buenos Aires. To exchange dollars for the blue rate, a person must know or find an illegal money changer, known as an arbolito. The location of an arbolito is known as a cueva. Many people believe that even this blue rate does not reflect the actual value of the Argentine peso. The Argentina blue dollar rate is only valid within Argentina.

Blue Dollar AKA Dolar Blue or unofficial dollar is parallel dollar rate of USD in Argentina. This is the cost of buying and selling a physical dollar bill in a cueva, or clandestine financial house in Buenos Aires.

1 May 2016 repay the defaulted debt, the U.S. courts blocked Argentina's ability to pay its restructured The ADR blue rate and the blue-chip swap rate are.

16 Dec 2015 However, the most realistic level at the moment was the blue-chip swap rate, used to buy Argentinian assets traded abroad. That rate is 

16 Dec 2019 The blue-chip swap, which acts as an escape valve through which investors can move funds in and out of the country amid capital controls, fell as  Using the “blue-chip swap,” residents can receive USD in an off-shore account. The exchange rates in both markets have weakened significantly over the past two  6 Sep 2019 Pimco, Franklin Templeton among most prominent foreign buyers. To get 'trash cash' out, investors need the blue-chip swap. Buenos Aires  26 Sep 2019 Chart showing both the ARS MAE Fixing and the Blue chip swap rate for the last (1) Foreign Investors Recipients of Argentine Peso financial  20 Sep 2019 Chart showing both the ARS MAE Fixing and the Blue chip swap rate for the last rates for a standard size Argentine Peso/U.S. Dollar financial 

17 Dec 2015 Economy Minister Alfonso Prat-Gay touted the blue-chip swap (CCL) rate of 14.2 to the U.S. dollar as an appropriate new level; early signs are 

This informal exchange rate is known as the Argentine blue rate or the dólar blue (never referred to as the dólar azul). Check the current blue rate here: dolarblue.net. The blue rate represents a more reasonable value of the Argentine peso compared to other currencies than the official rate quoted by the government.

03/18/2020. 65.46. Wholesale Foreign Exchange Rate (ARS/USD) Com. A 3500 | Benchmark Rate 03/18/2020. 63.33. BCRA's stock of international reserves In Argentina, the government charges 35 percent on top of the official rate, bumping the rate up to actually quite close to the blue rate. So when Argentines go abroad, they burn holes in their credit cards because it translates into close to 20 percent savings. But only up to a certain point, because Argentine banks report to the AFIP tax agency.