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The Argentine peso fell sharply on October 2 after the central bank introduced a more flexible exchange rate regime on October 1. The official rate moved from 76.2 to 76.9 per dollar, while the unofficial dólar blue moved from 147 to 150 per dollar.
The spread between official and unofficial rates widened.
A weaker official peso alongside a wider parallel gap signals continued capital controls and currency stress, which can influence the timing of Argentine oilseed and grain sales.
centralbanking.comCentral Banking NewsdeskOct 5, 2020Not 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.
