Loading…
The Argentine peso has lost about 71% of its value against the US dollar over two years, with the official rate near 98.5 pesos per dollar in late September 2021. Annual consumer price inflation was 51.4% as of August 2021.
The article also describes central bank intervention and capital controls that restrict dollar transactions.
Continued peso depreciation and high inflation raise Argentina's cost of production and encourage farmers to hold or sell grain for dollars, which can tighten exportable supplies of soymeal and corn. The price effect on world markets is limited, but the trend supports Argentine export pricing.
investing.comSep 27, 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.
