# Argentina’s FX outlook looks slightly less bleak | FrontierView

> Argentina's finance minister Sergio Massa secured about US$6 billion in new funding from the World Bank and Inter-American Development Bank. The special soy exchange rate of 200 ARS per USD for September is helping strengthen the central bank's reserves. Analysts expect the peso to keep depreciating at a controlled pace, though a large one-off devaluation is no longer imminent.

- Date: 2022-09-15 · published 2022-09-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/39858-argentina-s-fx-outlook-looks-slightly-less-bleak-frontierview
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A steady peso depreciation keeps Argentine soy and meal competitive on export markets and encourages farmers to sell, which adds supply pressure. Continued reserve-building reduces the near-term risk of a sharp devaluation that could disrupt export flows.

## Read by commodity

- SOY: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-19 | [Argentina Is Anxious for Soy Dollars. Farmers Won’t Play Ball - Bloomberg](https://feedsoft.ai/events/59942-argentina-is-anxious-for-soy-dollars-farmers-won-t-play-ball-bloomberg.md) | +0.1% | -0.8% |
| SOY | 2022-08-02 | [Argentina’s Cash Needed to Avert Devaluation is Drying Up](https://feedsoft.ai/events/40324-argentina-s-cash-needed-to-avert-devaluation-is-drying-up.md) | +1.6% | -3.7% |
| SOY | 2024-10-30 | [Argentina's Milei Taps Unseasonal Source in Search of Dollars: Shock Therapy \| Financial Post](https://feedsoft.ai/events/28129-argentina-s-milei-taps-unseasonal-source-in-search-of-dollars-shock-therapy.md) | +3.0% | +1.9% |
| SOY | 2018-02-08 | [China's Yuan Toppled From Two-Year High as Trade Data Surprises - Bloomberg](https://feedsoft.ai/events/7104-china-s-yuan-toppled-from-two-year-high-as-trade-data-surprises-bloomberg.md) | +3.5% | +7.2% |
| SOY | 2024-11-13 | [PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder](https://feedsoft.ai/events/6696-pboc-pulls-china-s-yuan-off-3-month-low-with-stronger-than-expected-fix-markets.md) | -0.5% | -0.8% |

## Sources

- frontierview.com: https://frontierview.com/insights/argentinas-fx-outlook-looks-slightly-less-bleak/

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