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Argentina's peso has outperformed Latin American peers such as the Mexican and Chilean pesos, which hit historic lows, because capital controls limit its official move. The black market rate has diverged from the official spot by close to 40%, the widest gap since 2015.
A wide official-versus-black-market gap can push inflation and feed costs in Argentina, and it threatens the controls that keep the peso stable. For feed buyers, a currency that is artificially held up can later drop sharply, shifting Argentine soymeal and soy export competitiveness.
financialpost.comReutersMar 20, 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.
