Saturday, June 3, 2023

Euro today: how much is it trading this Wednesday, May 10

He euro quote it Wednesday 10 May At $249.71 for buying and $249.83 for selling, so it remains stable compared to the previous price.

With respect to currency in the parallel market, euro blue today It is trading at 510.69 for buy and 516.17 for sell. Thus, its price increases with respect to the previous reports.

With these values, Difference There is 105% between the blue euro and the official euro.

He blue euro value It contrasts significantly with the official euro as the latter is the one that is bought at banks and has an established value.

Why is it called Euro Blue?

blue dollar, euro blue It is they that circulate on the black market and usually have a higher price than the official one. An explanation of its name indicates that it is called such because in English, “blue”, in addition to naming blue, refers to something “dark”. In this way, currency exchange is recognized outside the exchange system.

The use of the term Euro Blue began in 2011, as a result of Sanctions For the acquisition of foreign currency that began to be implemented by the Federal Administration of Public Revenues (AFIP) and the Central Bank of the Argentine Republic under the government of Cristina Fernández de Kirchner.

it is boundaries In December 2019, they gained new momentum after President Alberto Fernández’s announcements on the economic emergency law and which deepened throughout 2020 with the exchange rate. This generates that regions traveling abroad choose to purchase Euros. black market Thus generating a rise in the price of euro blue.

Origin of Euro

The euro was launched on January 1, 1999, when 10 countries fixed their own exchange rates and delegated interest rate decisions to the newly created European Central Bank. Euro notes and coins came into circulation three years later.

The common currency was seen as a solution to the constant disputes over exchange rates that had marked European politics after World War II and as a logical extension of the EU’s tariff free trade area. Great Britain, in particular, opted out, but 19 of the 27 EU countries use the euro as their national currency. Those that make up the euro area, also referred to as the “eurozone”:

  • Austria
  • belgium
  • Cyprus
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • lithuania
  • Luxembourg
  • malta
  • countries
  • Less
  • portugal
  • Slovakia
  • Slovenia
  • spain

Nation World News Desk
Nation World News Desk
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