Loading…
The unofficial 'blue' dollar rate in Argentina climbed to a record high of about AR$205 to buy and AR$209 to sell per US dollar on December 29. The official tourist dollar traded near AR$132 to AR$140 after a 30% surcharge on card purchases abroad.
The central bank has been issuing pesos rapidly to fund fiscal deficits.
A weaker peso and a widening gap between official and parallel rates can push Argentine farmers to hold or sell crops strategically, affecting soymeal and corn export availability. Currency stress also raises Argentina's input costs and can shift the price competitiveness of its grain and oilseed exports.
en.mercopress.comDec 30, 2021Not 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.
