He euro blue today tuesday november 19 2024, listed on $1217,00 for purchase and $1239,00 for sale. The value of the informal currency is usually higher than the official one, because the latter is purchased in banks and has an established price. However, with the “openness” policy, the gap between the two decreased considerably.
How much is the official euro trading at today?
According to the blackboard Bank of the Argentine Nation (BNA)he official euro hoy Tuesday, November 19 quotes in $1050,00 for purchase and $1110,00 for sale.
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The euro is the official currency of 19 of the 27 member countries of the European Union (EU)which together constitute the eurozone. In addition, it is the second most used currency after the dollar. The nations that use this currency are: Germany, Austria, Belgium, Cyprus, Slovakia, Slovenia, Estonia, Spain, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands and Portugal.
How much is the euro card trading at today?
He euro card also called tourist, operates in the market at $1846,25 in the buying point already $1958,25 at the selling point.
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How the euro operates in the various banks of Argentina
It is November 19, he euro listed in the different banks as follows:
- Banco Ciudad: $1050.00 buyer and $1110.00 seller.
- Banco Nación: $1050.00 buyer and $1110.00 seller.
- Mortgage Bank: $1060.00 buyer and $1140.00 seller.
- Patagonia Bank: $1033.05 buyer and $1102.28 seller.
- Supervielle Bank: $1035.00 buyer and $1105.00 seller
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How much is the blue dollar trading at today?
For his part, the blue dollar today Tuesday, November 19 listed on the parallel market $1120,00 for purchase and $1140,00 for sale.
The dollar called blue is the one that circulates in the parallel market, also called the informal or “black” market.
How much does the official dollar operate at?
According to the blackboard Bank of the Argentine Nation (BNA)he official dollarit’s 19 November is located in $981,00 for purchase and $1021,00 for sale.
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The pound sterlingofficial currency of the United Kingdom, this 19 November opera a $1235,00 for purchase and $1281,65 for sale, according to BNA.
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What factors contribute to the disparity between the blue euro and official euro rates in Argentina?
Interview Between Time.news Editor and Currency Expert
Time.news Editor (TNE): Welcome to our interview session. Today, we have the pleasure of speaking with Dr. Elena Pérez, a renowned currency analyst and economist, to delve into the interesting dynamics of the euro’s performance in Argentina. Thank you for joining us, Dr. Pérez!
Dr. Elena Pérez (EP): Thank you for having me! It’s great to be here.
TNE: Let’s start with some current figures. As of November 19, 2024, the euro blue is listed at $1217.00 for purchase and $1239.00 for sale. Meanwhile, the official rate is significantly lower, at $1050.00 for purchase and $1110.00 for sale, according to the Bank of the Argentine Nation. What do you think accounts for this substantial difference?
EP: The difference between the blue euro and the official euro rates primarily reflects market perceptions and government policies. The blue euro is traded informally, and its higher value signifies the demand in the parallel market, which often arises from restrictions placed on accessing foreign currency through official channels. However, recent adjustments in government policies have narrowed this gap somewhat, showcasing a slight movement towards normalization.
TNE: That is an insightful observation. Speaking of demand, the article mentions the euro card, often used by travelers, trading at a much higher value of $1846.25 for buying and $1958.25 for selling. Why do you think there’s such a notable markup for the euro card?
EP: The euro card essentially represents a premium service intended for tourists. When people travel, they often need convenient access to currency without the hassle of complicated exchanges. This added convenience and the associated risks of currency fluctuations for banks translates into higher rates. It caters to a distinct customer base that prioritizes accessibility over cost.
TNE: Given the various banks in Argentina demonstrating different selling prices for the euro, how might this affect consumer behavior?
EP: Bank rates can diverge based on individual institutions’ strategies and market positioning. Customers tend to shop around for the most favorable rates, especially in an environment of significant discrepancies like what we’re seeing right now. This can lead to a more competitive market, prompting banks to adjust their offerings to gain an edge over others. Ultimately, consumers become more financially savvy, which is a positive outcome.
TNE: It’s fascinating how consumer behavior can shape financial markets. There’s also the matter of social and economic implications that come from adopting the euro more broadly. Given that the euro is the second most used currency in the world after the dollar, what’s your perspective on its future role in Argentina?
EP: Transitioning to and adopting the euro in Argentina could have profound implications. While it could provide stability and strengthen economic ties with Europe, it also risks aligning local financial policies with those of the European Union. The country would need to weigh the benefits of reduced exchange rate volatility against the autonomy lost over local monetary policy.
TNE: It seems like a challenging balancing act. Before we wrap up, what advice would you give to consumers looking to navigate the complexities of currency exchange in Argentina’s current economy?
EP: My advice would be to stay informed about market trends and rates. Utilize reliable financial news outlets and consider comparing rates from multiple institutions. Understanding the broader context of economic policies also helps consumers make decisions that suit their financial goals. Lastly, diversifying adjustments, like using e-payment options and cards wisely, can mitigate risks associated with currency fluctuations.
TNE: Thank you so much for your valuable insights today, Dr. Pérez. It’s always enlightening to learn from your expertise!
EP: Thank you for having me. It was a pleasure discussing such an important topic!