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The latest Central Bank Market Expectations Survey put the median forecast for the wholesale exchange rate at 1,558 pesos per dollar in November and 1,590 in December. The December projection implies a 9.8% year-on-year increase, with only minor revisions to forecasts for the end of the year.
A projected gradual peso depreciation could raise the peso cost of imported feed and farm inputs, though the cited forecasts point to a moderate pace rather than an abrupt move.
Not 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.