# Exchange rate heats up to close August. Is Milei changing strategies? - Buenos Aires Herald

> Argentina's wholesale dollar closed the week of August 28 at AR$1,512, reaching an intraday high of AR$1,514, its highest nominal level ever. The government had repeatedly intervened near the AR$1,500 level since late July, but this week the rate stayed above that mark for all five trading days. An economist expects continued exchange rate tension in September, with a range of AR$1,470 to AR$1,550.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/18167-exchange-rate-heats-up-to-close-august-is-milei-changing-strategies-buenos
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker peso raises the local-currency cost of Argentine soybean meal and oil exports, which can support or lift dollar-denominated soy product prices and influence Argentine farmer selling pace. Currency moves of this kind are a minor factor for global feed grain prices unless policy shifts further.

## Read by commodity

- SBM: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-12-11 | [Exchange rate gap drops to 4%, a record low - Buenos Aires Herald](https://feedsoft.ai/events/27240-exchange-rate-gap-drops-to-4-a-record-low-buenos-aires-herald.md) | -0.6% | +1.2% |
| SBM | 2025-07-31 | [U.S. dollar exchange rate in Argentina hits all-time high of AR$1,380 - Buenos Aires Herald](https://feedsoft.ai/events/24045-u-s-dollar-exchange-rate-in-argentina-hits-all-time-high-of-ar-1-380-buenos.md) | +2.6% | +11.0% |
| SBM | 2024-07-16 | [Argentina’s new bid to ‘sterilize’ peso emissions lowers parallel dollar rates… now what? - Buenos Aires Herald](https://feedsoft.ai/events/29583-argentina-s-new-bid-to-sterilize-peso-emissions-lowers-parallel-dollar-rates.md) | +2.6% | -3.5% |
| SBM | 2024-06-25 | [Milei’s push to rebuild Argentina’s foreign reserves grinds to a halt \| Buenos Aires Times](https://feedsoft.ai/events/30075-milei-s-push-to-rebuild-argentina-s-foreign-reserves-grinds-to-a-halt-buenos.md) | -1.8% | -7.4% |
| SBM | 2023-07-31 | [Consulting firms: IMF disbursement will help Central Bank manage currency market - Buenos Aires Herald](https://feedsoft.ai/events/35335-consulting-firms-imf-disbursement-will-help-central-bank-manage-currency-market.md) | -1.9% | -6.6% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/dollar-peso/exchange-rate-heats-up-to-close-august-is-milei-changing-strategies

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