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Volatility returned to Argentina's currency market as the gap between the official and parallel exchange rates widened to about 85 percent, its widest in over two months. The move followed a commodity price drop and a regional selloff in Latin American currencies, including Brazil's real, the Chilean peso and the Colombian peso.
Weaker Latin American currencies and falling commodity prices can reduce the cost of Argentine and Brazilian exports, but a widening parallel spread signals capital flight risk that can disrupt export flows and input purchases for feed commodities.
batimes.com.arJames GraingerApr 27, 2022Not enough comparable past events yet for a historical read.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
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.
