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Argentina has set more than a dozen exchange rates, including a 200 peso per dollar 'soy dollar' for soybean exports introduced in September. The central bank is restricting dollar purchases to devalue the peso by economic sector while protecting reserves.
The soy dollar sets a preferential rate for oilseed exporters, which shapes how quickly Argentine soybeans and meal reach world markets. Sector-based devaluation adds uncertainty to Argentine export pricing.
english.elpais.comMar CenteneraOct 13, 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.
