# World’s Worst Currency Headed Even Lower, Top Forecaster Says - Bloomberg

> Argentina's peso, the world's weakest currency over the past two years, is expected by BNP Paribas strategist Gabriel Gersztein to depreciate further as inflation remains persistently high. The forecast comes from the strategist recognised as most accurate in the fourth quarter of 2019.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/55350-world-s-worst-currency-headed-even-lower-top-forecaster-says-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected peso weakness tends to make Argentine soybean and meal exports cheaper in dollar terms, encouraging farmer selling and adding pressure on world soymeal and oil prices.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-12-16 | [Brazil currency hits record low amid ongoing fiscal woes](https://feedsoft.ai/events/27145-brazil-currency-hits-record-low-amid-ongoing-fiscal-woes.md) | +2.8% | +4.4% |
| SBM | 2025-02-04 | [Analysts lower Mexico's 2025 economic growth forecast, see weaker peso \| Reuters](https://feedsoft.ai/events/26265-analysts-lower-mexico-s-2025-economic-growth-forecast-see-weaker-peso-reuters.md) | -1.0% | -4.0% |
| SBM | 2018-08-30 | [Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall : NPR](https://feedsoft.ai/events/63823-argentina-hikes-interest-rate-to-60-percent-in-bid-to-halt-currency-s-fall-npr.md) | +2.9% | +2.0% |
| SBM | 2024-12-19 | [Why Brazil’s currency is plunging](https://feedsoft.ai/events/27149-why-brazil-s-currency-is-plunging.md) | +7.4% | +5.5% |
| SBM | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | -2.5% | -3.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-13/world-s-worst-currency-headed-even-lower-top-forecaster-says

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