Euro today: how much is it worth this Tuesday, February 25

The euro is trading at $1,110.03 for purchase and $1,110.40 for sale on Tuesday, February 25 , thus remaining stable compared to the last quote.

As for the currency on the parallel market, the blue euro is currently quoted at 1276.85 for purchase and 1297.78 for sale. Thus, its price is higher than the last reported.

With these values, the gap between the blue euro and the official euro is 114932%.

The value of the blue euro has a substantially higher difference with the official euro since the latter is the one acquired in banks and has an established price.

Like the blue dollar, the blue euro is the one that circulates on the black market and is usually worth more than the official one. An explanation of its name indicates that it is called this because in English, "blue" refers to something "dark" as well as the color blue. In this way, it recognizes the exchange of the currency outside the exchange system.

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

These restrictions gained new momentum in December 2019, following President Alberto Fernández's announcements on the Economic Emergency Law, which deepened throughout 2020 with the exchange rate restrictions. This causes sectors that travel abroad to opt for the purchase of euros on the black market , thus generating an increase in the price of the blue euro.

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

The shared 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 European Union's tariff-free trade zone. Britain, in particular, opted not to participate, but 19 of the 27 EU countries use the euro as their national currency. The eurozone, also called the "euro area", is made up of:

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