Answered By: Bobray Bordelon
Last Updated: Mar 15, 2017     Views: 268

  • Global Financial Data
    • Time series of black market exchange rates for about 50 countries.
    • Click the "GFD Search Engines" button. 
    • In the left-side column, under "Series Type," choose "Exchange Rates - Black Market" from the drop-down menu.
    • Data only go up to the late 90s.
  • Gramacy, R., Malone, S. W., & Horst, E. T. (2014). Exchange rate fundamentals, forecasting, and speculation: Bayesian models in black markets. Journal of Applied Econometrics, 29(1), 22-41.  This research uses a dataset on black market rates, including determinants, and contains the official rate for constructing the black market premium.  Coverage varies by nation, and appears to range from 1963 to 2009.

  • Also see Exchange Rates (Official and Parallel) - Carmen M. Reinhart - Harvard University.
  • For Argentina, the Buenos Aires Herald.com regularly features stories on the "blue" exchange rate.
  • For Egypt, the Daily News features regular stories on the black market.
  • For Iran, see the Central Bank of Iran's Time Series Database.
    • Choose the category External Sector
    • then "Value of Financial Assets (Exchange Rate & Coin Price"
    • then exchange rates
    • under both US Dollar and Euro, you will find "Non-official Rate".
  • For Iran, daily reporting back to 2012 can be found at http://www.bonbast.com/archive
  • For North Korea, see DailyNK.com.
  • For Venezuela, see dolartoday.com.  Can also be found in Datastream using the mnemonic VENPRU$

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