# Argentina’s peso mess is delivering windfall profits to brokers | Buenos Aires Times

> Argentine financial markets have seen trading volumes collapse under strict currency controls imposed in 2019 and tightened before last year's debt default. Brokerages handling peso-to-dollar conversion trades, such as the blue-chip swap, reported record profits, with several firms posting income surges of 500 percent or more.

- Date: 2021-04-14 · published 2021-04-14T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/47863-argentina-s-peso-mess-is-delivering-windfall-profits-to-brokers-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Persistent capital controls and peso weakness push Argentine savers into dollars and parallel FX channels, which can distort the local currency and affect the peso cost of Argentine crushers and exporters. For feed buyers, this mainly signals FX-driven volatility in Argentine soymeal and soyoil selling behavior rather than a direct move in grain prices.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentinas-peso-mess-is-delivering-windfall-profits-to-brokers.phtml

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