# Argentina: “Blue” dollar reaches AR$ 397 — MercoPress

> Argentina's unofficial blue dollar hit a record AR$397 after a sharp one-day jump, leaving an 84.6% gap to the official rate. The central bank continues selling reserves daily to meet demand.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37155-argentina-blue-dollar-reaches-ar-397-mercopress
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A widening FX gap discourages official-channel grain exports and signals stress that could keep Argentine soymeal and corn supply constrained for export buyers.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-03-22 | [Argentina drought saps dollar reserves, pressuring FX crawling peg](https://feedsoft.ai/events/37153-argentina-drought-saps-dollar-reserves-pressuring-fx-crawling-peg.md) | -1.1% | -1.3% |
| SBM | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | -4.4% |
| SBM | 2026-09-21 | [Particle: Argentina’s Official Dollar Steady as Parallel Rates Rise to Records](https://feedsoft.ai/events/17752-particle-argentina-s-official-dollar-steady-as-parallel-rates-rise-to-records.md) | +2.1% | +2.7% |
| SBM | 2022-08-28 | [Argentines flocked to buy dollars to protect savings from crisis \| Buenos Aires Times](https://feedsoft.ai/events/40326-argentines-flocked-to-buy-dollars-to-protect-savings-from-crisis-buenos-aires.md) | -5.9% | -6.1% |
| SBM | 2018-05-16 | [‘Start selling so dollars come in,’ Argentine soybean farmers are told](https://feedsoft.ai/events/64865-start-selling-so-dollars-come-in-argentine-soybean-farmers-are-told.md) | -1.3% | -9.1% |
| CORN | 2023-03-22 | [Argentina drought saps dollar reserves, pressuring FX crawling peg](https://feedsoft.ai/events/37153-argentina-drought-saps-dollar-reserves-pressuring-fx-crawling-peg.md) | +1.7% | +1.3% |
| CORN | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | +0.3% |
| CORN | 2023-03-21 | [Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress](https://feedsoft.ai/events/37061-dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-banking-stress.md) | +1.5% | +1.4% |

## Sources

- en.mercopress.com: https://en.mercopress.com/2023/03/29/argentina-blue-dollar-reaches-ar-397

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