# Why the Argentine peso is slipping through Milei’s fingers | Buenos Aires Times

> The Argentine peso has fallen about a third against the dollar so far this year, reaching over 1,250 per dollar on the unofficial market. The blue-rate gap to the official rate, which had been 11% on December 27, now exceeds 50%. Analysts expect the slide to continue as the official rate lags inflation of 211%.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/32421-why-the-argentine-peso-is-slipping-through-milei-s-fingers-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharply weaker peso can lower Argentine farm export prices in dollars and speed up farmer sales, adding supply pressure to soymeal and soyoil markets.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-05-15 | [Argentine peso takes fresh hit amid uncertainty  \| Buenos Aires Times](https://feedsoft.ai/events/65311-argentine-peso-takes-fresh-hit-amid-uncertainty-buenos-aires-times.md) | -2.7% | -9.3% |
| SBM | 2021-10-21 | [Argentines are desperate for dollars as bets on devaluation soar \| Buenos Aires Times](https://feedsoft.ai/events/44848-argentines-are-desperate-for-dollars-as-bets-on-devaluation-soar-buenos-aires.md) | +0.4% | +11.5% |
| SBM | 2023-12-13 | [Argentina peso devalued over 50% as markets welcome Milei's 'tough pill'](https://feedsoft.ai/events/32995-argentina-peso-devalued-over-50-as-markets-welcome-milei-s-tough-pill.md) | -4.8% | -12.4% |
| SBM | 2018-01-31 | [Dollar creeps toward 20 pesos \| Buenos Aires Times](https://feedsoft.ai/events/67267-dollar-creeps-toward-20-pesos-buenos-aires-times.md) | -2.6% | +15.8% |
| SBM | 2021-10-22 | [Argentina's informal peso down 2.05%, country risk widens to all time high \| Financial Post](https://feedsoft.ai/events/44844-argentina-s-informal-peso-down-2-05-country-risk-widens-to-all-time-high.md) | +1.5% | +11.6% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/why-the-argentine-peso-is-slipping-through-mileis-fingers.phtml

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