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Government sources said the official dollar rate will be held at AR$350 until November 15, with a possible small adjustment afterward that would be slightly below monthly inflation. The recent devaluation was reportedly agreed with the IMF but brought forward after the primary election results.
A managed peg until mid-November limits near-term exchange rate swings, which gives exporters a clearer price signal, but the policy is still vulnerable to reserve shortages and inflation.
buenosairesherald.comEstefanía PozzoAug 22, 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.
