Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary jump.
Argentine Peso Sinks to Lowest Level in History
Argentina, one of the countries in Latam with active exchange control for foreign currencies, is facing difficulties maintaining the value of its fiat currency. The exchange between U.S. dollars and Argentine pesos reached historic levels, with the peso sinking to its lowest level ever on Dec. 28. The dollar reached a price of 356 pesos in its parallel cash denomination, also called “blue,” having closed November with a value of 314 pesos per U.S. dollar.
The Argentine peso plummet accelerated last week when it lost more than 10% of its value. Since the start of 2022, the Argentine currency has lost more than 70% of its value, having started the year with a value of 207 pesos per U.S. dollar. This decline has caused Argentines to drop their peso-based savings, migrating to dollars and stablecoins as a hedge.
Explanations and Repercussions
Analysts who seek to explain the historic drop in the currency’s value mention that there are two main elements making the exchange rate soar. The first one has to do with the abundance of pesos in the market due to payments companies have made, increasing the demand for dollars in an ecosystem with exchange controls.
The other has to do with the political and legal uncertainty created by the attempt of Argentine president Alberto Fernandez to disobey the mandate of the maximum tribunal in Argentina, a situation that is still under development. Whichever may be the cause, this abrupt rise is threatening to bring even higher levels of inflation to the nation, which was expecting to close the year with an inflationary level of 100%.
Juan Pablo Albornoz, an Argentine economist, expects this to affect the pricing structure in the country. He stated:
This rise could affect prices as usual in months after a nominally abrupt jump in the value of this rate.
Despite the Argentine government signing price control agreements, the fluctuation could create disruptions affecting the inflationary goals for next year. Fundacion Libertad economist Eugenio Mari explained:
In economies with high inflation the price system is destroyed. As a consequence, the exchange rate becomes the fundamental variable that companies and workers follow in order to adjust their prices.
Good site! I truly love how it is easy on my eyes and the data are well written. I am wondering how I could be notified when a new post has been made. I’ve subscribed to your feed which must do the trick! Have a great day!
Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more clear from this post. I’m very glad to see such excellent info being shared freely out there.
Thanks for helping out, superb info. “If you would convince a man that he does wrong, do right. Men will believe what they see.” by Henry David Thoreau.
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove people from that service? Appreciate it!
Thank you for another fantastic post. Where else could anybody get that type of information in such a perfect way of writing? I have a presentation next week, and I am on the look for such information.
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
Hello, Neat post. There’s an issue along with your website in internet explorer, may test this?K IE still is the market chief and a big component of other folks will pass over your fantastic writing due to this problem.
What’s Happening i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads. I am hoping to contribute & help different customers like its aided me. Great job.
Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!
Simply desire to say your article is as astounding. The clearness to your put up is simply nice and i could assume you are an expert on this subject. Fine together with your permission let me to take hold of your RSS feed to keep up to date with coming near near post. Thank you 1,000,000 and please carry on the rewarding work.
I like what you guys are up too. Such clever work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site 🙂
I think this is one of the most significant information for me. And i am glad reading your article. But should remark on few general things, The website style is wonderful, the articles is really excellent : D. Good job, cheers
My spouse and I absolutely love your blog and find many of your post’s to be just what I’m looking for. Do you offer guest writers to write content to suit your needs? I wouldn’t mind creating a post or elaborating on many of the subjects you write concerning here. Again, awesome web log!
Oh my goodness! an incredible article dude. Thanks However I’m experiencing concern with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting equivalent rss downside? Anyone who knows kindly respond. Thnkx
I’m not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. Cheers
I?¦m now not positive where you are getting your information, however great topic. I needs to spend a while finding out much more or understanding more. Thanks for magnificent information I used to be looking for this information for my mission.
You made certain good points there. I did a search on the topic and found the majority of people will consent with your blog.
I like this post, enjoyed this one thankyou for putting up.
Very interesting info !Perfect just what I was looking for!
Thanks , I’ve just been looking for info approximately this subject for a long time and yours is the best I’ve discovered so far. However, what about the bottom line? Are you certain about the supply?
I am really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one these days..
I enjoy the efforts you have put in this, thanks for all the great blog posts.
Hello my family member! I wish to say that this article is awesome, nice written and include almost all vital infos. I would like to look extra posts like this.
I haven¦t checked in here for some time since I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
I cling on to listening to the news broadcast speak about getting free online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i acquire some?
Just a smiling visitor here to share the love (:, btw outstanding design and style. “He profits most who serves best.” by Arthur F. Sheldon.
Enjoyed reading through this, very good stuff, thankyou. “If it was an overnight success, it was one long, hard, sleepless night.” by Dicky Barrett.
I like this weblog very much so much great information.
Enjoyed looking through this, very good stuff, appreciate it. “While thou livest keep a good tongue in thy head.” by William Shakespeare.
Hey very nice web site!! Man .. Excellent .. Amazing .. I will bookmark your blog and take the feeds also…I am happy to find so many useful information here in the post, we need work out more strategies in this regard, thanks for sharing. . . . . .
It’s the best time to make a few plans for the future and it’s time to be happy. I have learn this publish and if I may I want to suggest you some interesting things or advice. Perhaps you can write next articles referring to this article. I desire to learn even more issues approximately it!
Just want to say your article is as surprising. The clearness in your post is just cool and i can assume you’re an expert on this subject. Well with your permission let me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please keep up the rewarding work.
I was recommended this website by means of my cousin. I am now not certain whether or not this publish is written by way of him as nobody else recognise such targeted approximately my problem. You’re wonderful! Thanks!
Have you ever thought about including a little bit more than just your articles? I mean, what you say is important and all. Nevertheless think of if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with pics and video clips, this site could certainly be one of the best in its niche. Great blog!
I really like your writing style, superb information, thankyou for putting up : D.
Wonderful site you have here but I was wanting to know if you knew of any forums that cover the same topics talked about here? I’d really like to be a part of community where I can get advice from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Thanks!
Some really rattling work on behalf of the owner of this website , absolutely outstanding written content.
I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.
I adore reading and I believe this website got some truly useful stuff on it! .
It’s truly a great and helpful piece of info. I am happy that you simply shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
I really appreciate this post. I?¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thx again
You are my intake, I possess few blogs and often run out from to brand.
Some really interesting information, well written and broadly user pleasant.
you have got an incredible blog right here! would you wish to make some invite posts on my blog?
Perfectly indited written content, thankyou for entropy.
I went over this website and I believe you have a lot of great info, saved to bookmarks (:.
Howdy! Would you mind if I share your blog with my twitter group? There’s a lot of folks that I think would really enjoy your content. Please let me know. Many thanks
There are certainly plenty of particulars like that to take into consideration. That may be a great point to bring up. I supply the ideas above as common inspiration however clearly there are questions like the one you deliver up where an important factor will probably be working in trustworthy good faith. I don?t know if best practices have emerged round issues like that, but I’m certain that your job is clearly recognized as a fair game. Each boys and girls feel the influence of just a second’s pleasure, for the rest of their lives.
Hmm it looks like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to everything. Do you have any tips and hints for inexperienced blog writers? I’d really appreciate it.
Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.
Howdy I am so excited I found your blog page, I really found you by error, while I was searching on Digg for something else, Regardless I am here now and would just like to say cheers for a tremendous post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have saved it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the superb job.
Great – I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Nice task..
Unquestionably consider that that you stated. Your favourite justification appeared to be at the net the easiest factor to consider of. I say to you, I definitely get annoyed while people consider issues that they just don’t recognize about. You managed to hit the nail upon the top and defined out the entire thing without having side-effects , other people can take a signal. Will probably be back to get more. Thanks
This is very attention-grabbing, You’re an overly skilled blogger. I’ve joined your feed and look ahead to seeking more of your magnificent post. Also, I’ve shared your website in my social networks!
You have observed very interesting points! ps decent website . “I just wish we knew a little less about his urethra and a little more about his arms sales to Iran.” by Andrew A. Rooney.
There is noticeably a bundle to know about this. I suppose you made some good points in features also.
Just wanna comment on few general things, The website design and style is perfect, the subject matter is really superb. “Taxation WITH representation ain’t so hot either.” by Gerald Barzan.
Glad to be one of many visitors on this awe inspiring website : D.
I’ve been browsing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all site owners and bloggers made good content as you did, the net will be much more useful than ever before.
This is really attention-grabbing, You’re an overly professional blogger. I have joined your feed and look forward to seeking more of your fantastic post. Also, I’ve shared your website in my social networks!
My brother suggested I would possibly like this web site. He was once totally right. This post truly made my day. You can not imagine just how much time I had spent for this information! Thank you!
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
This internet site is my inspiration , really good style and design and perfect written content.
I believe you have mentioned some very interesting points, thanks for the post.
Excellent post. I was checking constantly this blog and I’m impressed! Extremely helpful info specifically the last part 🙂 I care for such info a lot. I was seeking this particular info for a very long time. Thank you and best of luck.
Thanks for some other magnificent article. Where else could anybody get that kind of information in such an ideal method of writing? I’ve a presentation subsequent week, and I am at the look for such info.
I really like your writing style, wonderful information, thank you for putting up :D. “He wrapped himself in quotations- as a beggar would enfold himself in the purple of Emperors.” by Rudyard Kipling.
Some really nice and utilitarian info on this site, too I conceive the layout contains excellent features.
Outstanding post however I was wanting to know if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Thanks!
It’s actually a cool and helpful piece of info. I’m glad that you shared this helpful information with us. Please keep us informed like this. Thanks for sharing.
Aw, this was a very nice post. In idea I want to put in writing like this moreover – taking time and actual effort to make a very good article… however what can I say… I procrastinate alot and certainly not seem to get something done.
I’m really impressed together with your writing abilities and also with the format in your blog. Is this a paid topic or did you modify it yourself? Anyway stay up the excellent high quality writing, it is rare to peer a nice weblog like this one nowadays..
Very interesting topic, thankyou for posting.
Incredible! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Superb choice of colors!
Great blog here! Also your web site quite a bit up fast! What host are you using? Can I get your associate hyperlink on your host? I wish my web site loaded up as fast as yours lol
Definitely believe that which you stated. Your favourite justification seemed to be on the net the easiest thing to be aware of. I say to you, I definitely get annoyed at the same time as people consider issues that they plainly don’t understand about. You managed to hit the nail upon the highest as well as defined out the whole thing without having side-effects , people could take a signal. Will probably be again to get more. Thank you
Lovely just what I was searching for.Thanks to the author for taking his time on this one.
Hello just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The layout look great though! Hope you get the problem resolved soon. Many thanks
What’s Taking place i’m new to this, I stumbled upon this I’ve found It positively helpful and it has aided me out loads. I hope to give a contribution & help other customers like its aided me. Great job.
This actually answered my problem, thank you!
My brother suggested I might like this blog. He was once entirely right. This submit truly made my day. You can not believe just how so much time I had spent for this info! Thanks!
It¦s actually a nice and helpful piece of info. I¦m happy that you shared this helpful information with us. Please keep us informed like this. Thank you for sharing.
Hi, Neat post. There is a problem with your web site in internet explorer, would test this… IE still is the market leader and a big portion of people will miss your fantastic writing because of this problem.
Hey there just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The style and design look great though! Hope you get the issue solved soon. Many thanks
I and also my guys were found to be checking out the good recommendations from your web blog while unexpectedly developed an awful feeling I never expressed respect to the web blog owner for those techniques. All of the people are already certainly thrilled to study all of them and have without a doubt been enjoying these things. Many thanks for truly being indeed kind as well as for finding this form of ideal useful guides most people are really desirous to know about. My very own honest apologies for not expressing gratitude to sooner.
Good blog! I truly love how it is easy on my eyes and the data are well written. I’m wondering how I might be notified when a new post has been made. I’ve subscribed to your RSS feed which must do the trick! Have a nice day!
Wow! Thank you! I always needed to write on my blog something like that. Can I take a part of your post to my site?
A large percentage of of whatever you mention happens to be astonishingly precise and it makes me wonder why I hadn’t looked at this with this light before. This particular article truly did switch the light on for me personally as far as this subject matter goes. But there is one position I am not really too comfy with so whilst I make an effort to reconcile that with the main idea of your position, let me see just what the rest of the readers have to say.Well done.
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Great post and straight to the point. I don’t know if this is truly the best place to ask but do you folks have any ideea where to get some professional writers? Thanks 🙂
Thanks – Enjoyed this blog post, can I set it up so I get an email sent to me when you make a fresh post?
Lovely website! I am loving it!! Will be back later to read some more. I am taking your feeds also.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your weblog when you could be giving us something informative to read?
Well I really enjoyed reading it. This tip offered by you is very practical for correct planning.
Wow! This could be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Excellent. I am also a specialist in this topic therefore I can understand your hard work.
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
I dugg some of you post as I thought they were handy very helpful
Great line up. We will be linking to this great article on our site. Keep up the good writing.
I cling on to listening to the reports talk about getting boundless online grant applications so I have been looking around for the finest site to get one. Could you advise me please, where could i acquire some?
I love it when people come together and share opinions, great blog, keep it up.
Hi there! I know this is kinda off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!
Hey, you used to write great, but the last several posts have been kinda boring?K I miss your tremendous writings. Past several posts are just a little bit out of track! come on!
Excellent post. I was checking constantly this blog and I’m impressed! Very useful information specially the last part 🙂 I care for such info a lot. I was seeking this particular information for a long time. Thank you and good luck.
Enjoyed reading through this, very good stuff, thanks.
With everything which seems to be developing within this particular subject matter, many of your points of view are very radical. Nevertheless, I beg your pardon, because I do not give credence to your whole theory, all be it refreshing none the less. It would seem to us that your comments are not completely justified and in simple fact you are yourself not really completely confident of the point. In any case I did enjoy reading through it.
Spot on with this write-up, I truly assume this web site wants much more consideration. I’ll in all probability be again to learn rather more, thanks for that info.
Hello there! Do you use Twitter? I’d like to follow you if that would be okay. I’m definitely enjoying your blog and look forward to new posts.
Very interesting information!Perfect just what I was searching for!
Some genuinely excellent articles on this site, appreciate it for contribution. “When he has ceased to hear the many, he may discern the One – the inner sound which kills the outer.” by H Hahn Blavatsky.
Keep up the fantastic piece of work, I read few articles on this web site and I think that your weblog is really interesting and holds lots of wonderful info .
I’ve been absent for some time, but now I remember why I used to love this web site. Thank you, I?¦ll try and check back more frequently. How frequently you update your site?
very good put up, i actually love this website, keep on it
As I website owner I conceive the content material here is really fantastic, regards for your efforts.
Someone essentially help to make seriously articles I would state. This is the first time I frequented your website page and thus far? I surprised with the research you made to make this particular publish incredible. Magnificent job!
Aw, this was a really nice post. In idea I wish to put in writing like this moreover – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and in no way appear to get one thing done.
Hi there very nice site!! Man .. Beautiful .. Wonderful .. I will bookmark your website and take the feeds additionally…I am happy to find a lot of useful information right here within the post, we need develop extra strategies on this regard, thanks for sharing.
Hi there, just turned into aware of your blog through Google, and found that it is really informative. I’m going to watch out for brussels. I will be grateful when you continue this in future. Numerous other folks will likely be benefited from your writing. Cheers!
I got good info from your blog
Fantastic web site. A lot of helpful information here. I am sending it to several buddies ans additionally sharing in delicious. And naturally, thank you on your sweat!
whoah this blog is wonderful i love reading your articles. Keep up the good work! You know, many people are hunting around for this info, you can aid them greatly.
Thank you for sharing with us, I believe this website truly stands out : D.
I just could not leave your site prior to suggesting that I extremely loved the standard info a person supply for your visitors? Is gonna be again continuously in order to check up on new posts.
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.
Wonderful beat ! I wish to apprentice even as you amend your web site, how could i subscribe for a weblog site? The account aided me a appropriate deal. I had been tiny bit acquainted of this your broadcast provided brilliant transparent concept
Howdy! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the fantastic work!
I conceive this internet site has some really superb info for everyone :D. “Calamity is the test of integrity.” by Samuel Richardson.
Lovely site! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also.
I don’t commonly comment but I gotta say thankyou for the post on this amazing one : D.
There is obviously a bundle to identify about this. I assume you made some good points in features also.
You really make it appear really easy along with your presentation but I to find this topic to be really something that I believe I’d never understand. It sort of feels too complicated and very vast for me. I’m taking a look forward on your next publish, I’ll attempt to get the dangle of it!
???? Wow, blog ini seperti perjalanan kosmik meluncurkan ke galaksi dari kemungkinan tak terbatas! ???? Konten yang menarik di sini adalah perjalanan rollercoaster yang mendebarkan bagi imajinasi, memicu kegembiraan setiap saat. ???? Baik itu gayahidup, blog ini adalah harta karun wawasan yang inspiratif! #TerpukauPikiran ???? ke dalam petualangan mendebarkan ini dari imajinasi dan biarkan pikiran Anda berkelana! ???? Jangan hanya menikmati, rasakan sensasi ini! ???? Pikiran Anda akan bersyukur untuk perjalanan mendebarkan ini melalui dimensi keajaiban yang tak berujung! ????
Absolutely thrilled to share my thoughts here! ???? This content is astonishingly innovative, combining creativity with insight in a way that’s both engaging and enlightening. Every detail seems thoughtfully designed, demonstrating a deep appreciation and passion for the subject. It’s uncommon to find such a perfect blend of information and entertainment! Big props to everyone involved in creating this masterpiece. Your hard work and dedication are clearly evident, and it’s an absolute joy to witness. Looking forward to seeing more of this amazing work in the future! Keep rocking us all! ???????????? #Inspired #CreativityAtItsBest
Awesome work
Lovely, very cool
Exceptional, impressive work
Outstanding, superb effort
wow, amazing
Excellent effort