Euro today: how much is it trading this Friday, July 25?

The euro is trading at $1,492.56 for buying and $1,495.17 for selling this Friday, July 25 , remaining stable compared to the last quote.

As for the currency on the parallel market, the blue euro is currently trading at 1528.28 for buying and 1551.79 for selling. Thus, its price is up compared to the last reported price.

With these values, the gap between the blue euro and the official euro is 102332%.

The value of the blue euro differs substantially from the official euro, as the latter is the currency purchased in banks and has a fixed exchange rate.

Like the blue dollar, the blue euro is the one that circulates on the black market and usually has a higher value than the official one. An explanation of its name indicates that it is so named because in English, "blue," in addition to referring to the color blue, refers to something "dark." This way, the currency exchange outside the exchange system is recognized.

The term "blue euro" began to be used in 2011, as a result of the restrictions on the acquisition of foreign currency that the Federal Administration of Public Revenue (AFIP) and the Central Bank of the Argentine Republic began to implement under the government of Cristina Fernández de Kirchner.

These restrictions gained renewed impetus in December 2019, following President Alberto Fernández's announcements regarding the Economic Emergency Law, and were further exacerbated throughout 2020 with the currency controls. This has led to sectors traveling abroad opting to purchase euros on the black market , thus driving up the price of the blue euro.

The euro was launched on January 1, 1999, when 10 countries set their exchange rates and handed over interest rate decisions to the newly created European Central Bank. Euro banknotes and coins entered circulation three years later.

The shared currency was seen as a solution to the constant exchange rate disputes that had dominated European politics after World War II and as a logical extension of the European Union's tariff-free trade zone. Great Britain, in particular, opted not to participate, but 19 of the 27 EU countries use the euro as their national currency. The eurozone, also known as the "eurozone," comprises:

• Austria
• Belgium
• Cyprus
• Estonia
• Finland
• France
• Germany
• Greece
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Portugal
• Slovakia
• Slovenia
• Spain