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A Reuters poll of 19 economists, conducted September 1 to 5, expects the official peso rate to reach 419.8 per dollar in three months. That implies a 16.6% devaluation after the October 22 election and a possible November 19 runoff.
The official rate was cut by nearly 18% and pegged at 350 per dollar in August under an IMF agreement.
Expected depreciation after the vote points to continued currency pressure that can shape Argentine export sales and the cost of soy products for buyers.
reuters.comGabriel BurinSep 7, 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.
