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Argentina operates about a dozen different exchange rates, and the government keeps adding rules on who can access dollars and for what purposes. The measures are intended to delay a formal devaluation of the peso.
Multiple exchange rates and access rules distort the export and import economy, which affects crush margins and trade flows for soy products. Delayed devaluation also raises the risk of a sudden adjustment later.
bloomberg.comPatrick GillespieOct 12, 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.
