# Exchange rate gap drops to 4%, a record low - Buenos Aires Herald

> 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.

- Date: 2024-12-11 · published 2024-12-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/27240-exchange-rate-gap-drops-to-4-a-record-low-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-08-28 | [Exchange rate heats up to close August. Is Milei changing strategies? - Buenos Aires Herald](https://feedsoft.ai/events/18167-exchange-rate-heats-up-to-close-august-is-milei-changing-strategies-buenos.md) | +2.5% | +9.1% |
| 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 | 2020-04-24 | [Rush to black-market dollars as economic woes mount \| Buenos Aires Times](https://feedsoft.ai/events/53900-rush-to-black-market-dollars-as-economic-woes-mount-buenos-aires-times.md) | +0.3% | -2.1% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/exchange-rate-gap-drops-to-4-a-record-low

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