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Argentina introduced an additional exchange rate for tourists, with credit card operators using a rate of 292 pesos per dollar. The official rate was 157 pesos per dollar while the unofficial blue dollar traded up to 285.
Multiple exchange rates reflect ongoing peso weakness and dollar scarcity, which can affect Argentine export incentives and farm-sector economics but has limited direct effect on feed commodity prices.
apnews.comDaniel PolitiNov 4, 2022Not 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.
