# Unofficial exchange rate shows Argentina's de facto devaluation — MercoPress

> Argentina's unofficial "blue" dollar hit an all-time high of 195 pesos on Friday, matching its record from a year earlier. The dollar rose 8.5 pesos over the week, and the gap with the official rate reached 90%. The rise reflects uncertainty, high inflation and restrictions on access to dollars.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/44847-unofficial-exchange-rate-shows-argentina-s-de-facto-devaluation-mercopress
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Persistent peso weakness can push Argentine oilseed exporters to sell faster, adding supply to world soymeal and soybean markets. The widening gap also points to ongoing policy stress that could trigger a devaluation.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-05-14 | [IMF says supports Argentina floating exchange rate as peso tumbles](https://feedsoft.ai/events/65309-imf-says-supports-argentina-floating-exchange-rate-as-peso-tumbles.md) | -1.7% | -8.2% |
| SBM | 2022-05-03 | [China \| RMB exchange rate sharp depreciation amid diverging monetary policy \| BBVA Research](https://feedsoft.ai/events/8313-china-rmb-exchange-rate-sharp-depreciation-amid-diverging-monetary-policy-bbva.md) | -6.7% | -1.8% |
| SBM | 2021-10-21 | [Argentines are desperate for dollars as bets on devaluation soar \| Buenos Aires Times](https://feedsoft.ai/events/44848-argentines-are-desperate-for-dollars-as-bets-on-devaluation-soar-buenos-aires.md) | +0.4% | +11.5% |
| SBM | 2025-02-25 | [Analysis: Exchange rate caught between external factors and fiscal risks](https://feedsoft.ai/events/26254-analysis-exchange-rate-caught-between-external-factors-and-fiscal-risks.md) | -0.4% | +2.1% |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |

## Sources

- en.mercopress.com: https://en.mercopress.com/2021/10/22/unofficial-exchange-rate-shows-argentina-s-de-facto-devaluation

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