# Volatility roars back to Argentina's FX market on commodities drop | Buenos Aires Times

> 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.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/42097-volatility-roars-back-to-argentina-s-fx-market-on-commodities-drop-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

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.

## Read by commodity

- USDARS: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-04 | [Brazil central bank to intervene in FX swaps market on Thursday](https://feedsoft.ai/events/54310-brazil-central-bank-to-intervene-in-fx-swaps-market-on-thursday.md) | +4.1% | +15.5% |
| USDBRL | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.6% | +1.4% |
| USDBRL | 2020-03-18 | [Brazil central bank FX, bond intervention fails to prevent market rout](https://feedsoft.ai/events/6393-brazil-central-bank-fx-bond-intervention-fails-to-prevent-market-rout.md) | +1.1% | +3.8% |
| USDBRL | 2024-07-02 | [Stress in domestic market continues, pressures Brazilian real](https://feedsoft.ai/events/9453-stress-in-domestic-market-continues-pressures-brazilian-real.md) | -2.8% | +1.2% |
| USDBRL | 2019-11-26 | [EMERGING MARKETS-Brazilian c.bank intervenes as real slumps; Colombian peso drops on tax reform](https://feedsoft.ai/events/56346-emerging-markets-brazilian-c-bank-intervenes-as-real-slumps-colombian-peso.md) | -0.5% | -3.1% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/volatility-roars-back-to-argentinas-fx-market-on-commodities-drop.phtml

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