# Argentina's informal peso down 2.05%, country risk widens to all time high | Financial Post

> Argentina's informal peso weakened 2.05% to 195 per dollar on Friday, and its country risk spread widened 19 basis points to an all-time high of 1,672. The peso fell 4.36% over the week as inflation hit 3.5% in September, with a 52.5% annual rate, ahead of November congressional elections.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/44844-argentina-s-informal-peso-down-2-05-country-risk-widens-to-all-time-high
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker peso makes Argentine soybean and meal exports cheaper in dollar terms, which can encourage farmer selling and pressure world soymeal and soybean prices. Persistent currency stress also raises the risk of a sharper devaluation later.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-30 | [Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall : NPR](https://feedsoft.ai/events/63823-argentina-hikes-interest-rate-to-60-percent-in-bid-to-halt-currency-s-fall-npr.md) | +2.9% | +2.0% |
| SBM | 2018-08-30 | [Argentina hikes interest rate to 60 percent; peso plunges \| AP News](https://feedsoft.ai/events/63820-argentina-hikes-interest-rate-to-60-percent-peso-plunges-ap-news.md) | +2.9% | +2.0% |
| SBM | 2024-01-18 | [Why the Argentine peso is slipping through Milei’s fingers \| Buenos Aires Times](https://feedsoft.ai/events/32421-why-the-argentine-peso-is-slipping-through-milei-s-fingers-buenos-aires-times.md) | +1.1% | -3.7% |
| SBM | 2018-08-30 | [Argentina crisis: Peso crashes to record low amid IMF plea](https://feedsoft.ai/events/63822-argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.md) | +2.9% | +2.0% |
| SBM | 2023-12-13 | [Argentina peso devalued over 50% as markets welcome Milei's 'tough pill'](https://feedsoft.ai/events/32995-argentina-peso-devalued-over-50-as-markets-welcome-milei-s-tough-pill.md) | -4.8% | -12.4% |
| SOY | 2021-05-13 | [Soybeans retreat from 8-1/2-year high as dollar holds gains \| Financial Post](https://feedsoft.ai/events/12368-soybeans-retreat-from-8-1-2-year-high-as-dollar-holds-gains-financial-post.md) | -7.4% | -7.0% |
| SOY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | -1.2% | -4.8% |
| SOY | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.8% | +1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentinas-informal-peso-down-2-05-country-risk-widens-to-all-time-high

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