# Argentina spawns another FX rate as government clamps down | Buenos Aires Times

> Argentina's government steps to control its currency market have pushed a new unofficial exchange rate, the over-the-counter blue-chip swap, into prominence. Traders use bonds due 2030 to set it, and on July 14 the peso traded near 172 per dollar, about 3.4% weaker than open-platform rates. The spread widened after the securities regulator limited bond trading on July 12.

- Date: 2021-07-15 · published 2021-07-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46363-argentina-spawns-another-fx-rate-as-government-clamps-down-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A widening gap between official and market-implied rates signals stress in the peso and rising risk of further controls. This pushes up the effective cost of dollars for Argentine exporters and importers of feed and oilseed products.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/argentina-spawns-another-fx-rate-as-government-clamps-down-q.phtml

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