Loading…
The informal 'blue dollar' rate reached a record AR$800 per US dollar, while the official rate has been held at AR$350 since August 14. The gap between the two rates is about 129%, the widest since the July 2022 crisis.
Analysts link the move mainly to uncertainty ahead of the October 22 presidential election.
A weaker peso and wide parallel gap raise pressure for further devaluation and inflation, which can affect Argentine soybean meal and oil export pricing and farmer selling behavior.
buenosairesherald.comFacundo IglesiaSep 30, 2023Not enough comparable past events yet for a historical read.
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.
