# Argentine peso, inoculated by controls, outperforms amid pandemic | Financial Post

> 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.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/54374-argentine-peso-inoculated-by-controls-outperforms-amid-pandemic-financial-post
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentine-peso-inoculated-by-controls-outperforms-amid-pandemic

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