# ‘Blue dollar’ hits all-time high of AR$800 - Buenos Aires Herald

> 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.

- Date: 2023-09-30 · published 2023-09-30T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/34410-blue-dollar-hits-all-time-high-of-ar-800-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/blue-dollar-hits-all-time-high-of-ar800

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