# Parallel dollar exchange rates increase by up to 10% in two days - Buenos Aires Herald

> The informal 'blue dollar' rate jumped 9.8% in a week to 1,230 pesos per dollar, close to its January all-time high. The blue-chip swap rate rose 8.3% over the same period. Analysts linked the move to the central bank's sixth benchmark rate cut since Milei took office, which prompted savers to shift peso deposits into dollars.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/30545-parallel-dollar-exchange-rates-increase-by-up-to-10-in-two-days-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Rapid peso depreciation in the parallel market signals stress in Argentina's currency regime, which can slow farm sales as sellers hold back grain for a weaker official rate. The effect on global feed supply is modest, but it reinforces the risk of further currency volatility.

## Read by commodity

- USDARS: bullish ▲

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/parallel-dollar-exchange-rates-increase-by-up-to-10-in-two-days

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