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The gap between official and parallel Argentine exchange rates averaged 4% on December 10, a historic low. Economists attribute the narrowing to strong dollar supply, weaker demand and government intervention, and President Milei pledged to lift controls in 2025.
A narrow gap signals a stronger peso and reduced incentive to hoard dollars, which can slow farmer selling of soybean products and support the peso against the dollar.
buenosairesherald.comFacundo IglesiaDec 11, 2024Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
