The price of the blue dollar reached $1,035 for purchase and $1,055 for sale on Sunday, April 28, 2024. This marks a significant increase compared to the official dollar, which is priced at $894 for both purchase and sale. The blue dollar, which is traded on the black market, has seen a 5% rise in April 2024 compared to the previous month and a staggering 123% increase compared to 2023.
The gap between the official dollar and the blue dollar stands at 16%, highlighting the discrepancy between the two exchange rates. The blue dollar is not traded in banks or official exchange houses and closes at 3:00 p.m. along with the official dollar.
The origin of the name “blue dollar” is subject to interpretation, with theories suggesting it could relate to the dark nature of black market transactions or buying operations involving blue-chip companies. There is also a connection to the color blue, possibly alluding to the detectable fibers used to identify counterfeit bills.
In addition to the blue dollar, other exchange rates on April 28, 2024, include the dollar stock market quote at $1,033.60 for purchase and $1,036.60 for sale, as well as the CCL dollar quote at $1,075.80 for purchase and $1,078.80 for sale. The fluctuating values of these currencies reflect the dynamic nature of the foreign exchange market.