# Dollar hits new record of AR$18.34 pesos | Buenos Aires Times

> Currency exchange houses in Buenos Aires sold US dollars at 18.34 pesos, an increase of 11 cents and the seventh consecutive decline in the peso. Banks and foreign traders were selling at 18.09 pesos, and the black market rate was 18.38.

- Date: 2017-12-22 · published 2017-12-22T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/67737-dollar-hits-new-record-of-ar-18-34-pesos-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Continued peso weakness lowers the dollar cost of Argentine exports, which can encourage faster farmer selling of soybeans and meal and add pressure on world soymeal prices. The move is incremental and mostly reflects year-end dollar demand.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/dollar-hits-new-record-of-ar1834-pesos.phtml

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