# The dollar continues to rise but is at its lowest level in 10 years · SondeAR

> The wholesale dollar in Argentina rose 1.4% over the month to 1,560 pesos, its highest nominal level on record. Analysts attribute the move to country risk above 750 basis points and the sharp fall of the Brazilian real, while the real exchange rate is near a decade low. The blue dollar traded at 1,575 pesos.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/17345-the-dollar-continues-to-rise-but-is-at-its-lowest-level-in-10-years-sondear
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A strong peso in real terms raises the cost of Argentine exports such as soymeal and soyoil, which can support global meal prices as Argentine supply becomes less competitive.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-09-29 | [Rupiah Hits 10-month Low Against U.S Dollar - The Insiders Stories](https://feedsoft.ai/events/69265-rupiah-hits-10-month-low-against-u-s-dollar-the-insiders-stories.md) | +2.0% | +1.7% |
| SBM | 2017-09-27 | [Currency of Indonesia: Rupiah at 10-month Low Against US Dollar \| Indonesia Investments](https://feedsoft.ai/events/69263-currency-of-indonesia-rupiah-at-10-month-low-against-us-dollar-indonesia.md) | -0.5% | +1.7% |
| SBM | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | -1.3% | -9.1% |
| SBM | 2026-09-21 | [Particle: Argentina’s Official Dollar Steady as Parallel Rates Rise to Records](https://feedsoft.ai/events/17752-particle-argentina-s-official-dollar-steady-as-parallel-rates-rise-to-records.md) | +2.1% | +2.7% |
| SBM | 2022-08-28 | [Argentines flocked to buy dollars to protect savings from crisis \| Buenos Aires Times](https://feedsoft.ai/events/40326-argentines-flocked-to-buy-dollars-to-protect-savings-from-crisis-buenos-aires.md) | -5.9% | -6.1% |
| SBO | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -1.9% | -2.3% |
| SBO | 2023-03-31 | [Argentina's dollars drain fastest since 2019 as IMF decision looms \| Kitco News](https://feedsoft.ai/events/37154-argentina-and-apos-s-dollars-drain-fastest-since-2019-as-imf-decision-looms.md) | +2.1% | -3.4% |
| SBO | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +9.1% | +10.7% |

## Sources

- sonde.ar: https://www.sonde.ar/article/the-dollar-continues-to-rise-but-is-at-its-lowest-level-in-10-years

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.