# Factbox: Four reasons why Argentina's economy buckled in 2018 | Reuters

> Reuters explains that Argentina's economy buckled in 2018 as investors sold sovereign bonds and Argentines bought dollars. The peso fell from about 20 to 40 per dollar between January and September.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/61830-factbox-four-reasons-why-argentina-s-economy-buckled-in-2018-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The currency collapse made Argentine exports cheaper in dollar terms, supporting soybean meal and oil export competitiveness, while the recession reduces domestic feed demand.

## Read by commodity

- SBM: neutral
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-31 | [IMF vows ‘full support’ for Argentina amid economic crisis \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/63824-imf-vows-full-support-for-argentina-amid-economic-crisis-business-and-economy.md) | +4.2% | +1.3% |
| SBM | 2025-04-22 | [Argentina's surprise peso strength tempers fears of inflation comeback \| Reuters](https://feedsoft.ai/events/25426-argentina-s-surprise-peso-strength-tempers-fears-of-inflation-comeback-reuters.md) | -2.2% | -1.7% |
| SBM | 2024-06-12 | [Argentina economy snapshot: central bank dollar buying spree slows](https://feedsoft.ai/events/30079-argentina-economy-snapshot-central-bank-dollar-buying-spree-slows.md) | +0.8% | +2.6% |
| SBM | 2020-03-03 | [President Fernandez tries to slay Argentina’s inflation dragon \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/54375-president-fernandez-tries-to-slay-argentina-s-inflation-dragon-business-and.md) | -1.9% | +7.7% |
| SBM | 2026-10-08 | [Argentina's two-speed economy deepens as peso appreciates and manufacturing collapses \| 24EcoNews](https://feedsoft.ai/events/17348-argentina-s-two-speed-economy-deepens-as-peso-appreciates-and-manufacturing.md) | +3.5% | -6.4% |

## Sources

- reuters.com: https://www.reuters.com/article/business/factbox-four-reasons-why-argentinas-economy-buckled-in-2018-idUSKCN1OJ1FX/

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